PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2011

Stockholders' Equity Note [Abstract]

Preferred Stock and Common Shareholders' Equity

PREFERRED STOCK AND COMMON SHAREHOLDERS’ EQUITY

The Company is authorized to issue up to 265.0 shares of common stock, par value $0.10 per share. The Company’s treasury shares are recorded at aggregate cost. Common shares issued and outstanding are summarized in the following table:

	2011		2010
Issued	120.0		124.5
In treasury	(22.2	)	(22.1	)
Outstanding	97.8		102.4

The Company is authorized to issue up to 30.0 shares of preferred stock, par value $0.10 per share. There were no preferred shares outstanding as of December 31, 2011 and 2010.

The changes in common shares issued and held in treasury are summarized below:

Common shares issued
	2011		2010		2009
Common stock issued at January 1	124.5		127.4		130.3
Common stock issued under employee stock plans	1.9		1.6		0.6
Common stock issued upon conversion of zero-coupon subordinated notes	1.0		—		0.4
Retirement of common stock	(7.4	)	(4.5	)	(3.9	)
Common stock issued at December 31	120.0		124.5		127.4

Common shares held in treasury
	2011	2010	2009
Common shares held in treasury at January 1	22.1	22.1	22.1
Surrender of restricted stock and performance share awards	0.1	—	—
Common shares held in treasury at December 31	22.2	22.1	22.1

Share Repurchase Program

During fiscal 2011, the Company purchased 7.4 shares of its common stock at a total cost of $643.9. As of December 31, 2011, the Company had outstanding authorization from the Board of Directors to purchase $84.4 of Company common stock. On February 10, 2012, the Company announced the Board of Directors authorized the purchase of $500.0 of additional shares of the Company’s common stock. 

Accumulated Other Comprehensive Earnings

The components of accumulated other comprehensive earnings are as follows:

	Foreign Currency Translation Adjustments			Net Benefit Plan Adjustments			Interest Rate Swap Adjustments			Accumulated Other Comprehensive Earnings
Balance at December 31, 2008	$	68.6		$	(77.1	)	$	(8.2	)	$	(16.7	)
Current year adjustments	93.3			31.5			2.9			127.7
Tax effect of adjustments	(36.1		)	(12.2		)	(1.2		)	(49.5		)
Balance at December 31, 2009	125.8			(57.8		)	(6.5		)	61.5
Current year adjustments	41.3			(8.3		)	8.2			41.2
Tax effect of adjustments	(14.3		)	3.2			(3.1		)	(14.2		)
Balance at December 31, 2010	152.8			(62.9		)	(1.4		)	88.5
Current year adjustments	(13.2		)	(57.5		)	2.4			(68.3		)
Tax effect of adjustments	3.9			22.4			(1.0		)	25.3
Balance at December 31, 2011	$	143.5		$	(98.0	)	$	—		$	45.5