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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, 2022 $ 3,185.7 $ 0.7 $ 806.0 $ 3,315.0 $ (92.3) $ (843.7)
Net income 88.5 0.0 0.0 88.5 0.0 0.0
Employee pension and postretirement benefits, net of tax of $0.1 (0.4) 0.0 0.0 0.0 (0.4) 0.0
Currency translation adjustments 11.4 0.0 0.0 0.0 11.4 0.0
Derivative instruments, net of tax (2.0) 0.0 0.0 0.0 (2.0) 0.0
Cash dividends ($0.46 per share in 2024 and $0.41 per share in 2023) (26.8) 0.0 0.0 (26.8) 0.0 0.0
Repurchases of Common Stock (15.2) 0.0 0.0 0.0 0.0 (15.2)
Exercise of stock options 2.5 0.0 0.5 0.0 0.0 2.0
Stock-based compensation expense 6.8 0.0 6.8 0.0 0.0 0.0
Payment of stock-based restricted and performance shares 0.0 0.0 (4.7) 0.0 0.0 4.7
Shares tendered for taxes on stock-based compensation (3.4) 0.0 0.0 0.0 0.0 (3.4)
Other 0.1 0.0 (0.6) 0.0 0.0 0.7
Balance at Mar. 31, 2023 3,247.2 0.7 808.0 3,376.7 (83.3) (854.9)
Balance at Dec. 31, 2023 3,705.3 0.7 823.0 3,805.8 (72.0) (852.2)
Net income 179.4 0.0 0.0 179.4 0.0 0.0
Employee pension and postretirement benefits, net of tax of $0.1 (0.4) 0.0 0.0 0.0 (0.4) 0.0
Currency translation adjustments (17.5) 0.0 0.0 0.0 (17.5) 0.0
Derivative instruments, net of tax 0.3 0.0 0.0 0.0 0.3 0.0
Cash dividends ($0.46 per share in 2024 and $0.41 per share in 2023) (30.1) 0.0 0.0 (30.1) 0.0 0.0
Repurchases of Common Stock (15.1) 0.0 0.0 0.0 0.0 (15.1)
Exercise of stock options 3.5 0.0 0.7 0.0 0.0 2.8
Stock-based compensation expense 8.7 0.0 8.7 0.0 0.0 0.0
Payment of stock-based restricted and performance shares 0.0 0.0 (10.4) 0.0 0.0 10.4
Shares tendered for taxes on stock-based compensation (8.2) 0.0 0.0 0.0 0.0 (8.2)
Other 0.1 0.0 (0.3) 0.0 0.0 0.4
Balance at Mar. 31, 2024 $ 3,826.0 $ 0.7 $ 821.7 $ 3,955.1 $ (89.6) $ (861.9)