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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, 2021 $ 3,204.3 $ 0.7 $ 792.4 $ 3,238.5 $ (128.6) $ (698.7)
Net income 98.8     98.8    
Employee pension and postretirement benefits, net of tax (benefit) expense 1.2       1.2  
Currency translation adjustments (76.6)       (76.6)  
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 3,033.9 0.7 810.7 3,264.1 (193.0) (848.6)
Balance at Jun. 30, 2022 3,012.0 0.7 802.5 3,221.4 (163.0) (849.6)
Net income 66.9     66.9    
Employee pension and postretirement benefits, net of tax (benefit) expense 0.4       0.4  
Currency translation adjustments (36.2)       (36.2)  
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 3,033.9 0.7 810.7 3,264.1 (193.0) (848.6)
Balance at Dec. 31, 2022 3,185.7 0.7 806.0 3,315.0 (92.3) (843.7)
Net income 447.2     447.2    
Employee pension and postretirement benefits, net of tax (benefit) expense (1.2)       (1.2)  
Currency translation adjustments (7.5)       (7.5)  
Derivative instruments, net of tax (8.9)       (8.9)  
Cash dividends (80.3)     (80.3)    
Repurchases of Common Stock (22.6)         (22.6)
Exercise of stock options 9.0   1.5     7.5
Stock-based compensation expense 25.7   25.7      
Payment of stock-based restricted and performance shares     (5.9)     5.9
Shares tendered for taxes on stock-based compensation (3.9)         (3.9)
Other 0.1   (0.4)     0.5
Balance at Sep. 30, 2023 3,543.3 0.7 826.9 3,681.9 (109.9) (856.3)
Balance at Jun. 30, 2023 3,396.8 0.7 816.1 3,524.9 (83.2) (861.7)
Net income 183.7     183.7    
Employee pension and postretirement benefits, net of tax (benefit) expense (0.4)       (0.4)  
Currency translation adjustments (22.4)       (22.4)  
Derivative instruments, net of tax (3.9)       (3.9)  
Cash dividends (26.7)     (26.7)    
Exercise of stock options 6.2   1.0     5.2
Stock-based compensation expense 10.1   10.1      
Payment of stock-based restricted and performance shares     (0.3)     0.3
Shares tendered for taxes on stock-based compensation (0.1)         (0.1)
Balance at Sep. 30, 2023 $ 3,543.3 $ 0.7 $ 826.9 $ 3,681.9 $ (109.9) $ (856.3)