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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2019
Stockholders' Equity Note [Abstract]  
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, 2018
122.4

 
(23.5
)
 
98.9

Common stock issued under employee stock plans
0.7

 
—

 
0.7

Surrender of restricted stock and performance share awards
(0.1
)
 
—

 
(0.1
)
Retirement of common stock
—

 
(0.8
)
 
(0.8
)
Common shares at March 31, 2019
123.0

 
(24.3
)
 
98.7
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, 2018
$
(389.8
)
 
$
(73.3
)
 
$
(463.1
)
  Other comprehensive earnings before reclassifications
21.6

 
2.7

 
24.3

  Tax effect of adjustments
—

 
(0.7
)
 
(0.7
)
Balance at March 31, 2019
$
(368.2
)
 
$
(71.3
)
 
$
(439.5
)
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 March 31, 2019, and December 31, 2018.
The changes in common shares issued and held in treasury are summarized below:
 
Issued
 
Held in Treasury
 
Outstanding
Common shares at December 31, 2018
122.4

 
(23.5
)
 
98.9

Common stock issued under employee stock plans
0.7

 
—

 
0.7

Surrender of restricted stock and performance share awards
(0.1
)
 
—

 
(0.1
)
Retirement of common stock
—

 
(0.8
)
 
(0.8
)
Common shares at March 31, 2019
123.0

 
(24.3
)
 
98.7


 Share Repurchase Program
At the end of 2018, the Company had outstanding authorization from the board of directors to purchase up to $443.5 of Company common stock. During January 2019, the Company purchased 0.8 shares of its common stock at a total cost of $100.1 under this plan. On February 6, 2019, the board of directors replaced the Company's existing share repurchase plan with a new plan authorizing repurchase of up to $1.25 billion of the Company's shares and no shares have been repurchased under this plan. 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, 2018
$
(389.8
)
 
$
(73.3
)
 
$
(463.1
)
  Other comprehensive earnings before reclassifications
21.6

 
2.7

 
24.3

  Tax effect of adjustments
—

 
(0.7
)
 
(0.7
)
Balance at March 31, 2019
$
(368.2
)
 
$
(71.3
)
 
$
(439.5
)