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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Common Stock in Treasury at Cost
Balance at Dec. 31, 2020 $ 2,932.6 $ 0.7 $ 791.4 $ 2,793.5 $ (165.5) $ (487.5)
Net income 403.2     403.2    
Employee pension and postretirement benefits, net of tax 60.5       60.5  
Currency translation adjustments (28.0)       (28.0)  
Gain on derivative instruments, net of tax 2.0       2.0  
Cash dividends (67.9)     (67.9)    
Repurchases of Common Stock (107.8)         (107.8)
Exercise of stock options 38.2   1.1     37.1
Stock-based compensation expense 20.6   20.6      
Payment of stock-based restricted and performance shares     (8.1)     8.1
Shares tendered for taxes on stock-based compensation (6.3)         (6.3)
Other 0.7   (0.4) 0.5   0.6
Balance at Sep. 30, 2021 3,247.8 0.7 804.6 3,129.3 (131.0) (555.8)
Balance at Jun. 30, 2021 3,228.7 0.7 803.5 3,062.1 (174.8) (462.8)
Net income 89.7     89.7    
Employee pension and postretirement benefits, net of tax 58.2       58.2  
Currency translation adjustments (15.7)       (15.7)  
Gain on derivative instruments, net of tax 1.3       1.3  
Cash dividends (22.5)     (22.5)    
Repurchases of Common Stock (94.8)         (94.8)
Exercise of stock options 0.7   0.1     0.6
Stock-based compensation expense 6.9   6.9      
Payment of stock-based restricted and performance shares     (5.9)     5.9
Shares tendered for taxes on stock-based compensation (4.7)         (4.7)
Balance at Sep. 30, 2021 3,247.8 0.7 804.6 3,129.3 (131.0) (555.8)
Balance at Dec. 31, 2021 3,076.4 0.7 792.4 3,110.6 (128.6) (698.7)
Net income 84.1     84.1    
Employee pension and postretirement benefits, net of tax 1.2       1.2  
Currency translation adjustments (76.6)       (76.6)  
Gain on derivative instruments, net of tax 11.0       11.0  
Cash dividends (73.1)     (73.1)    
Repurchases of Common Stock (155.0)         (155.0)
Exercise of stock options 2.8   (0.3)     3.1
Stock-based compensation expense 22.3   22.3      
Payment of stock-based restricted and performance shares     (2.8)     2.8
Shares tendered for taxes on stock-based compensation (1.7)         (1.7)
Other (0.1)   (0.9) (0.1)   0.9
Balance at Sep. 30, 2022 2,891.3 0.7 810.7 3,121.5 (193.0) (848.6)
Balance at Jun. 30, 2022 2,877.0 0.7 802.5 3,086.4 (163.0) (849.6)
Net income 59.3     59.3    
Employee pension and postretirement benefits, net of tax 0.4       0.4  
Currency translation adjustments (36.2)       (36.2)  
Gain on derivative instruments, net of tax 5.8       5.8  
Cash dividends (24.2)     (24.2)    
Exercise of stock options 0.5   (0.1)     0.6
Stock-based compensation expense 8.8   8.8      
Other (0.1)   (0.5)     0.4
Balance at Sep. 30, 2022 $ 2,891.3 $ 0.7 $ 810.7 $ 3,121.5 $ (193.0) $ (848.6)