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SUBSEQUENT EVENTS (TABLES)
 12 Months Ended
Dec. 31, 2011
Subsequent Events [Abstract]  
Schedule of Pro Froma Results from Stock Split [Table Text Block]
Below is an estimate of the pro forma affects of the stock split on the Company's Shareholders' equity.
(in millions)
December 31, 2011
(Audited)
 
Adjustment
(Unaudited)
 
December 31, 2011
(Pro forma)
(Unaudited)
Shareholders' Equity
 
 
 
 
 
Preferred stock, $1 par value Authorized: 5,000,000 shares, none issued or outstanding
$
—

 
 
 
$
—

Common stock, $1 par value(a)  Authorized: 100,000,000 shares, Issued(b): 2011 - 37,866,522 shares; 2010 - 37,010,140 shares
37.9

 
 
 
37.9

Capital in excess of par value
840.0

 
 
 
840.0

Treasury stock (common), at cost(c): 2011 - 2,391,747 shares; 2010 - 1,086,172 shares
(125.3
)
 
 
 
(125.3
)
Accumulated other comprehensive loss
(390.0
)
 
 
 
(390.0
)
Retained earnings
810.6

 
 
 
810.6

 
$
1,173.2

 
 
 
$
1,173.2

(a) 
Par is reduced to $0.50
(b) 
Shares issued increase as follows: 2011 - 75,733,044; 2010 - 74,020,280
(c) 
Treasury shares increase as follows: 2011 - 4,783,494; 2010 - 2,172,344

Below is an estimate of the pro forma affects of the stock split on the Company's EPS.
(in millions, except per share amounts)
December 31, 2011
(Audited)
 
Adjustment
(Unaudited)
 
December 31, 2011
(Pro forma)
(Unaudited)
Net Income
$
244.5

 
—

 
$
244.5

 
 
 
 
 
 
Basic  Earnings Per Share:
$
6.81

 
(3.40
)
 
$
3.41

Diluted Earnings Per Share:
$
6.66

 
(3.33
)
 
$
3.33

Shares used for computation:
 
 
 
 
 
Basic
35.878

 
35.878

 
71.756

Diluted
36.710

 
36.710

 
73.420