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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY
 3 Months Ended
Sep. 30, 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, 201997.2 
Common stock issued under employee stock plans0.8 
Retirement of common stock(0.6)
Common shares at September 30, 202097.4 
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] The components of accumulated other comprehensive earnings (loss) are as follows:
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsAccumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2019$(285.4)$(87.0)$(372.4)
  Current year adjustments
52.4 7.5 59.9 
  Tax effect of adjustments— (2.1)(2.1)
Balance as of September 30, 2020$(233.0)$(81.6)$(314.6)
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 September 30, 2020, and December 31, 2019.
The changes in common shares issued are summarized below:
Issued and Outstanding
Common shares at December 31, 201997.2 
Common stock issued under employee stock plans0.8 
Retirement of common stock(0.6)
Common shares at September 30, 202097.4 
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. 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 September 30, 2020, the Company had outstanding authorization from the board of directors to purchase up to $800.0 of the Company's common stock. The repurchase authorization has no expiration date. The Company reinstated its share repurchase program in October 2020 following the temporary suspension of stock repurchases beginning in March 2020 as a result of the anticipated impact of the COVID-19 pandemic.
Accumulated Other Comprehensive Earnings
     The components of accumulated other comprehensive earnings (loss) are as follows:
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsAccumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2019$(285.4)$(87.0)$(372.4)
  Current year adjustments
52.4 7.5 59.9 
  Tax effect of adjustments— (2.1)(2.1)
Balance as of September 30, 2020$(233.0)$(81.6)$(314.6)