Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Shareholders Equity [Abstract]

Schedule of share repurchases

The Company has made the following share repurchases (in millions):

	For the Years Ended December 31,
	2023		2022		2021
Total number of shares repurchased and retired	1.6		4.4		3.8
Total investment	$	178.6	$	505.0	$	461.6

Schedule of cash dividends declared per common share

Dividends. Quarterly and total year cash dividends declared per common share for the years ended December 31, 2023, 2022 and 2021 were as follows: 

	For the Years Ended December 31,
	2023		2022		2021
Quarterly dividend declared and paid per common share	$	0.65	$	0.64	$	0.63
Total dividends declared and paid per common share	$	2.60	$	2.56	$	2.52

Schedule of reconciliation of weighted average number of shares

Reconciliations of these amounts are as follows (in millions):

	For the Years Ended December 31,
	2023	2022	2021
Weighted average number of common shares outstanding	56.7	58.9	61.0
Director Plan and deferred stock units	0.2	0.2	0.2
ESOP	0.2	0.2	0.1
Common shares outstanding—basic	57.1	59.3	61.3
Dilutive effect of restricted stock awards	0.3	0.4	0.7
Dilutive effect of stock option awards	0.3	0.4	0.7
Common and potential common shares outstanding—diluted	57.7	60.1	62.7

Schedule of changes in accumulated other comprehensive income (loss) balances

Changes in the accumulated other comprehensive loss balance were as follows (in millions):

	Foreign Currency Translation		Cash Flow Hedging Derivatives		Retirement Plan Activity		Accumulated Other Comprehensive Loss
Balance as of December 31, 2022	$	(94.8)	$	10.5	$	(3.2)	$	(87.5)
Reclassification to the statement of income	—		(32.3)		(0.7)		(33.0)
Change in fair value	32.2		23.5		7.3		63.0
Balance as of December 31, 2023	$	(62.6)	$	1.7	$	3.4	$	(57.5)