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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Share Repurchase Program
Share repurchase activity follows (in millions, except share and per share amounts).
 
Shares
 
Weighted Average Price Per Share
 
Total
2015
2,326,493

 
$
66.50

 
$
154.7

2016
1,987,187

 
$
50.49

 
$
100.3
Components of Changes in Accumulated Other Comprehensive Income (AOCI)
Changes in AOCI, net of taxes, by component follows (dollars in millions). Amounts in parentheses indicate losses.
 
 
Unrealized Loss On Treasury Locks, Net
 
Unrealized Loss on Foreign Exchange Contracts
 
Unfunded Employee Benefit Obligations
 
Total
Balance at December 31, 2015
 
$
(21.2
)
 
$
(0.4
)
 
$
(103.3
)
 
$
(124.9
)
Other comprehensive income (loss) before reclassifications, net of tax
 
—

 
—

 
(24.9
)
 
(24.9
)
Amounts reclassified from AOCI, net of tax
 
3.5

 
—

 
6.7

 
10.2

Net current-period other comprehensive income (loss)
 
3.5

 
—

 
(18.2
)
 
(14.7
)
Balance at December 31, 2016
 
$
(17.7
)
 
$
(0.4
)
 
$
(121.5
)
 
$
(139.6
)
Reclassifications Out of Accumulated Other Comprehensive Income (AOCI)
The following table presents information about reclassifications out of AOCI (dollars in millions). Amounts in parentheses indicate expenses in the Consolidated Statements of Income.
 
 
Amounts Reclassified from AOCI
Year Ended December 31
 
 
Details about AOCI Components
 
2016
 
2015
 
Affected Line Item in the Statement Where Net Income is Presented
Foreign currency translation adjustments
 
$
—

 
$
(4.2
)
 
Other expense, net
 
 
—

 
—

 
Tax benefit
 
 
$
—

 
$
(4.2
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized loss on treasury locks, net
 
$
(5.7
)
 
$
(5.7
)
 
See (a) below
 
 
2.2

 
2.2

 
Tax benefit
 
 
$
(3.5
)
 
$
(3.5
)
 
Net of tax
 
 
 
 
 
 
 
Unfunded employee benefit obligations
 
 
 
 
 
 
Amortization of prior service costs
 
$
(5.5
)
 
$
(5.6
)
 
See (b) below
Amortization of actuarial gains / (losses)
 
(5.4
)
 
(8.8
)
 
See (b) below
 
 
(10.9
)
 
(14.4
)
 
Total before tax
 
 
4.2

 
5.6

 
Tax benefit
 
 
$
(6.7
)
 
$
(8.8
)
 
Net of tax
____________
(a)
This AOCI component is included in interest expense, net. Amount relates to the amortization of the effective portion of treasury lock derivative instruments recorded in AOCI. The net amount of settlement gains or losses on derivative instruments included in AOCI to be amortized over the next 12 months is a net loss of $5.7 million ($3.5 million after-tax). For a discussion of treasury lock derivative instrument activity, see Note 13, Derivative Instruments and Hedging Activities, for additional information.
(b)
These AOCI components are included in the computation of net pension and postretirement benefit costs. See Note 10, Employee Benefit Plans and Other Postretirement Benefits, for additional information.