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Consolidated Statements of Shareholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock Outstanding
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Shares in Treasury
Balance at the beginning of the period at Dec. 31, 2017 $ 2,528.3 $ 6.5 $ 78.7 $ 364.1 $ (85.7) $ (6.5) $ 2,820.8 $ 13.0 $ (649.6)
Balance (in shares) at Dec. 31, 2017     61.8           16.6
Increase (Decrease) in Shareholders' Equity                  
Net income 611.1           611.1    
Other comprehensive income (loss), net of tax (29.9)       (29.9)        
Cash dividends - $1.54, $1.80 and $2.05 per share for the years ended 2018, 2019 and 2020, respectively (93.5)           (93.5)    
Repurchases of common stock (467.0)               $ (467.0)
Repurchase of common stock (in shares)     (4.4)           4.4
Issuance and deferrals, net for stock based compensation [1] 41.9     27.7         $ 14.2
Issuance and deferrals, net for stock-based compensation (in shares) [1]     0.5           (0.5)
Balance at the end of the period at Dec. 31, 2018 2,597.4   $ 78.7 391.8 (122.1)   3,351.4   $ (1,102.4)
Balance (in shares) at Dec. 31, 2018     57.9           20.5
Increase (Decrease) in Shareholders' Equity                  
Net income 472.8           472.8    
Other comprehensive income (loss), net of tax (2.0)       (2.0)        
Cash dividends - $1.54, $1.80 and $2.05 per share for the years ended 2018, 2019 and 2020, respectively (102.9)           (102.9)    
Repurchases of common stock (374.9)               $ (374.9)
Repurchase of common stock (in shares)     (2.8)           2.8
Issuance and deferrals, net for stock based compensation [1] 52.4     24.8         $ 27.6
Issuance and deferrals, net for stock-based compensation (in shares) [1]     0.6           (0.6)
Balance at the end of the period at Dec. 31, 2019 $ 2,642.8   $ 78.7 416.6 (124.1)   3,721.3   $ (1,449.7)
Balance (in shares) at Dec. 31, 2019 55.7   55.7           22.7
Increase (Decrease) in Shareholders' Equity                  
Net income $ 320.1           320.1    
Other comprehensive income (loss), net of tax 27.1       27.1        
Cash dividends - $1.54, $1.80 and $2.05 per share for the years ended 2018, 2019 and 2020, respectively (112.7)           (112.7)    
Repurchases of common stock (382.4)               $ (382.4)
Repurchase of common stock (in shares)     (3.1)           3.1
Issuance and deferrals, net for stock based compensation [1] 42.8     25.1         $ 17.7
Issuance and deferrals, net for stock-based compensation (in shares) [1]     0.3           (0.3)
Balance at the end of the period at Dec. 31, 2020 $ 2,537.7   $ 78.7 $ 441.7 $ (97.0)   $ 3,928.7   $ (1,814.4)
Balance (in shares) at Dec. 31, 2020 52.9   52.9           25.5
[1] Issuances and deferrals, net for stock-based compensation reflects share activity related to option exercises, net of tax, restricted and performance shares vested, and net issuances and deferrals associated with deferred compensation equity.