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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 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
1.2

 
—

 
1.2

Surrender of restricted stock and performance share awards
—

 
(0.1
)
 
(0.1
)
Retirement of common stock
(2.6
)
 
—

 
(2.6
)
Retirement of treasury stock
(23.6
)
 
23.6

 
—

Common shares at September 30, 2019
97.4

 
—

 
97.4
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
     The components of accumulated other comprehensive earnings (loss) are as follows:
 
Foreign Currency Translation Adjustments
 
Net Benefit Plan Adjustments
 
Accumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2018
$
(389.8
)
 
$
(73.3
)
 
$
(463.1
)
  Other comprehensive earnings (loss)
(45.4
)
 
8.7

 
(36.7
)
  Tax effect of adjustments
—

 
(2.4
)
 
(2.4
)
Balance as of September 30, 2019
$
(435.2
)
 
$
(67.0
)
 
$
(502.2
)
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 were recorded at aggregate cost and were retired during the second quarter of 2019. 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 September 30, 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
1.2

 
—

 
1.2

Surrender of restricted stock and performance share awards
—

 
(0.1
)
 
(0.1
)
Retirement of common stock
(2.6
)
 
—

 
(2.6
)
Retirement of treasury stock
(23.6
)
 
23.6

 
—

Common shares at September 30, 2019
97.4

 
—

 
97.4


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 an average price of $131.71 for 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 repurchases of up to $1,250.0 of the Company's common stock. The repurchase authorization has no expiration. Since the new plan authorization, the Company has purchased 1.8 shares of its common stock at an average price of $162.80 per share for a total cost of $299.9. As of September 30, 2019, the Company had outstanding authorization from the board of directors to purchase up to $950.0 of the Company's common stock.


Accumulated Other Comprehensive Earnings (Loss)
     The components of accumulated other comprehensive earnings (loss) are as follows:
 
Foreign Currency Translation Adjustments
 
Net Benefit Plan Adjustments
 
Accumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2018
$
(389.8
)
 
$
(73.3
)
 
$
(463.1
)
  Other comprehensive earnings (loss)
(45.4
)
 
8.7

 
(36.7
)
  Tax effect of adjustments
—

 
(2.4
)
 
(2.4
)
Balance as of September 30, 2019
$
(435.2
)
 
$
(67.0
)
 
$
(502.2
)