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Shareholders' Equity
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity

The components of accumulated other comprehensive loss, net of tax, were as follows:
 
June 30,
 
December 31,
 
2017
 
2016
Foreign currency translation
$
(155.0
)
 
$
(289.1
)
Translation (loss) gain on net investment hedge, net of income taxes of $(10.5) and $11.2, respectively
(13.9
)
 
24.8

Translation loss on long-term intercompany loans
(131.4
)
 
(133.7
)
Unrealized gain on investments, net of income taxes of $4.8 and $4.2, respectively
21.6

 
18.6

Defined benefit pension plans, net of income taxes of $(27.5) and $(27.8), respectively
(49.5
)
 
(50.4
)
Retiree health care plan, net of income taxes of $2.0 and $2.1, respectively
3.5

 
3.7

 Accumulated other comprehensive loss
$
(324.7
)
 
$
(426.1
)


Noncontrolling Interests

Noncontrolling interests, included in total shareholders' equity in our Consolidated Balance Sheets, represent amounts related to majority-owned subsidiaries for which we have a controlling financial interest.
Net earnings attributable to these noncontrolling interests were $2.2 and $2.1 for the three months ended June 30, 2017 and 2016, respectively, and $4.4 and $3.7 for the six months ended June 30, 2017 and 2016, respectively, which were recorded as expenses in interest and other expenses in our Consolidated Statements of Operations.
Dividends

On May 2, 2017 and May 3, 2016, the Board of Directors declared a semi-annual cash dividend of $0.93 and $0.86 per share, respectively. The 2017 dividends were paid on June 15, 2017 to shareholders of record on June 1, 2017. The 2016 dividends were paid on June 15, 2016 to shareholders of record on June 1, 2016.

Share Repurchases    

In both July 2016 and October 2015, the Board of Directors authorized the repurchase of 6.0 million shares of our common stock. 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 six months of 2017, we repurchased a total of 1.1 million shares at a cost of $115.8 under the 2016 authorization. During the six months of 2016, we repurchased 3.8 million shares at a cost of $290.5 under the 2015 authorization. As of June 30, 2017, there were 3.6 million shares remaining authorized for repurchase under the 2016 authorization and no shares remaining under the 2015 authorization.