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Shareholders' Equity
 9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity

The components of accumulated other comprehensive loss, net of tax, were as follows:

 
September 30,
 
December 31,
 
2015
 
2014
Foreign currency translation
$
(163.0
)
 
$
(26.4
)
Translation loss on net investment hedge, net of income taxes of $(5.0) and $(16.4), respectively
(4.2
)
 
(24.5
)
Translation loss on long-term intercompany loans
(69.7
)
 
(73.4
)
Unrealized gain on investments, net of income taxes of $3.3 and $3.7, respectively
14.7

 
16.7

Defined benefit pension plans, net of income taxes of $(29.2) and $(30.1), respectively
(49.8
)
 
(52.1
)
Retiree health care plan, net of income taxes of $2.2 and $2.4, respectively
4.2

 
4.5

 Accumulated other comprehensive loss
$
(267.8
)
 
$
(155.2
)


Noncontrolling Interests

During the third quarter of 2015, we entered into a joint venture to expand our business in the Greater China region. We contributed a majority of the net assets of our China, Hong Kong, Macau and Taiwan operations and the noncontrolling shareholder contributed cash. The joint venture is included in our Consolidated Balance Sheets as of September 30, 2015 as we have a controlling financial interest. The noncontrolling equity interest is included in noncontrolling interests in total shareholders’ equity in our Consolidated Balance Sheets as of September 30, 2015.
Noncontrolling interests also includes amounts related to other majority-owned subsidiaries for which we have a controlling financial interest.
Net earnings, net of tax, attributable to these noncontrolling interests were $1.9 and $3.5 for the three and nine months ended September 30, 2015, respectively.
Dividends

On April 28, 2015 and April 29, 2014, the Board of Directors declared a semi-annual cash dividend of $0.80 and $0.49 per share, respectively. The 2015 dividends were paid on June 15, 2015 to shareholders of record on June 1, 2015. The 2014 dividends were paid on June 16, 2014 to shareholders of record on June 2, 2014.

On October 29, 2015 and October 29, 2014, the Board of Directors declared a semi-annual cash dividend of $0.80 and $0.49 per share, respectively. The 2015 dividends are payable on December 15, 2015 to shareholders of record on December 1, 2015. The 2014 dividends were paid on December 15, 2014 to shareholders of record on December 1, 2014.

Share Repurchases

In October 2015 and December 2012, the Board of Directors authorized the repurchase of 6.0 million and 8.0 million shares of our common stock, respectively. Share repurchases may be made from time to time through a variety of methods, including open market purchases, block transactions, privately negotiated transactions or similar facilities. During the first nine months of 2015, we repurchased 6.0 million shares at a cost of $523.2 under the 2012 authorization. As of September 30, 2015, there were no shares remaining authorized for repurchase under the 2012 authorization.