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Condensed Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Deferred Compensation Equity
Accumulated Other Comprehensive Income (loss).
Retained Earnings
Shares in Treasury
Balance at the beginning of the period at Dec. 31, 2016 $ 2,466.9 $ 78.7 $ 335.3 $ 10.3 $ (122.2) $ 2,547.4 $ (382.6)
Balance (in shares) at Dec. 31, 2016   64,300,000         14,200,000
Increase (Decrease) in Shareholders' Equity              
Net income 250.4         250.4  
Other comprehensive income (loss), net of tax 44.9       44.9    
Cash dividends - $1.14 and $1.07 for the nine months ended September 30, 2018 and 2017, respectively (69.0)         (69.0)  
Repurchases of common stock (268.5)           $ (268.5)
Repurchases of common stock (in shares)   (2,700,000)         2,700,000
Issuances and deferrals. net for stock based compensation (1) [1] 11.6   11.5 1.6     $ (1.5)
Issuances and deferrals, net for stock based compensation (in shares) [1]   200,000         (200,000)
Balance at the end of the period at Sep. 30, 2017 2,436.3 $ 78.7 346.8 11.9 (77.3) 2,728.8 $ (652.6)
Balance (in shares) at Sep. 30, 2017   61,800,000         16,700,000
Increase (Decrease) in Shareholders' Equity              
Adoption of accounting standards (2) | Adjustments for New Accounting Pronouncement [2] 6.5       (6.5) 13.0  
Balance at the beginning of the period at Dec. 31, 2017 $ 2,528.3 $ 78.7 353.7 10.4 (85.7) 2,820.8 $ (649.6)
Balance (in shares) at Dec. 31, 2017 61,839,734 61,800,000         16,600,000
Increase (Decrease) in Shareholders' Equity              
Net income $ 523.0         523.0  
Other comprehensive income (loss), net of tax (18.5)       (18.5)    
Cash dividends - $1.14 and $1.07 for the nine months ended September 30, 2018 and 2017, respectively (69.7)         (69.7)  
Repurchases of common stock (299.9)           $ (299.9)
Repurchases of common stock (in shares)   (2,700,000)         2,700,000
Issuances and deferrals. net for stock based compensation (1) [1] 36.0   24.1 (2.1)     $ 14.0
Issuances and deferrals, net for stock based compensation (in shares) [1]   500,000         (500,000)
Balance at the end of the period at Sep. 30, 2018 $ 2,705.7 $ 78.7 $ 377.8 $ 8.3 $ (110.7) $ 3,287.1 $ (935.5)
Balance (in shares) at Sep. 30, 2018 59,583,235 59,600,000         18,800,000
[1] 1. Issuances and deferrals, net for stock based compensation reflects share activity related to option exercises, restricted and performance shares vested and net issuances and deferrals associated with deferred compensation equity.
[2] 2. Refer to Note 2 for further information regarding new accounting standards adopted.