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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]  
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. 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 June 30, 2018 and December 31, 2017.
The changes in common shares issued and held in treasury are summarized below:
 
Issued
 
Held in Treasury
 
Outstanding
Common shares at December 31, 2017
125.1

 
(23.2
)
 
101.9

Common stock issued under employee stock plans
1.0

 
—

 
1.0

Retirement of common stock
(0.9
)
 
—

 
(0.9
)
Common shares at June 30, 2018
125.2

 
(23.2
)
 
102.0


 Share Repurchase Program
At the end of 2017, the Company had outstanding authorization from the board of directors to purchase up to $401.4 of Company common stock. During the six months ended June 30, 2018, the Company purchased 0.9 shares of its common stock at a total cost of $150.0. On April 24, 2018, the board authorized an increase in the Company’s share repurchase program to a total of $1,000.0. As of June 30, 2018, the Company had outstanding authorization from the board of directors to purchase up to $993.5 of Company common stock. The repurchase authorization has no expiration.
Accumulated Other Comprehensive Earnings
     The components of accumulated other comprehensive earnings are as follows:
 
Foreign Currency
Translation
Adjustments
 
Net Benefit
Plan Adjustments
 
Accumulated Other
Comprehensive
Earnings (Loss)
Balance at December 31, 2017
$
(240.7
)
 
$
(93.0
)
 
$
(333.7
)
  Other comprehensive earnings (loss) before reclassifications
(82.6
)
 
6.2

 
(76.4
)
  Tax effect of adjustments
5.5

 
(2.4
)
 
3.1

Balance at June 30, 2018
$
(317.8
)
 
$
(89.2
)
 
$
(407.0
)
Changes in common shares issued and held in treasury
The changes in common shares issued and held in treasury are summarized below:
 
Issued
 
Held in Treasury
 
Outstanding
Common shares at December 31, 2017
125.1

 
(23.2
)
 
101.9

Common stock issued under employee stock plans
1.0

 
—

 
1.0

Retirement of common stock
(0.9
)
 
—

 
(0.9
)
Common shares at June 30, 2018
125.2

 
(23.2
)
 
102.0
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
     The components of accumulated other comprehensive earnings are as follows:
 
Foreign Currency
Translation
Adjustments
 
Net Benefit
Plan Adjustments
 
Accumulated Other
Comprehensive
Earnings (Loss)
Balance at December 31, 2017
$
(240.7
)
 
$
(93.0
)
 
$
(333.7
)
  Other comprehensive earnings (loss) before reclassifications
(82.6
)
 
6.2

 
(76.4
)
  Tax effect of adjustments
5.5

 
(2.4
)
 
3.1

Balance at June 30, 2018
$
(317.8
)
 
$
(89.2
)
 
$
(407.0
)