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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Changes in common shares issued and held in treasury
The changes in common shares issued are summarized below:
 
Issued and Outstanding
Common shares at December 31, 2019
97.2

Common stock issued under employee stock plans
0.5

Retirement of common stock
(0.6
)
Common shares at March 31, 2020
97.1
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, 2019
$
(285.4
)
 
$
(87.0
)
 
$
(372.4
)
  Current year adjustments
(147.5
)
 
2.7

 
(144.8
)
  Tax effect of adjustments
—

 
(0.7
)
 
(0.7
)
Balance as of March 31, 2020
$
(432.9
)
 
$
(85.0
)
 
$
(517.9
)
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 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, 2020 and December 31, 2019.
The changes in common shares issued are summarized below:
 
Issued and Outstanding
Common shares at December 31, 2019
97.2

Common stock issued under employee stock plans
0.5

Retirement of common stock
(0.6
)
Common shares at March 31, 2020
97.1


Share Repurchase Program
At the end of 2019, the Company had outstanding authorization from the board of directors to purchase $900.0 of Company common stock. During three months ended March 31, 2020, the Company purchased 0.6 shares of its common stock at an average price of $178.85 for a total cost of $100.0. When the Company repurchases shares, the amount paid to repurchase the shares in excess of the par or stated value is allocated to additional paid-in-capital unless subject to limitation or the balance in additional paid-in-capital is exhausted. Remaining amounts are recognized as a reduction in retained earnings. As of March 31, 2020, the Company had outstanding authorization from the board of directors to purchase up to $800.0 of the Company's common stock. The repurchase authorization has no expiration date, however the Company has temporarily suspended stock repurchases due to the impact of the COVID-19 pandemic.
Accumulated Other Comprehensive Earnings
     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, 2019
$
(285.4
)
 
$
(87.0
)
 
$
(372.4
)
  Current year adjustments
(147.5
)
 
2.7

 
(144.8
)
  Tax effect of adjustments
—

 
(0.7
)
 
(0.7
)
Balance as of March 31, 2020
$
(432.9
)
 
$
(85.0
)
 
$
(517.9
)