Annual report pursuant to Section 13 and 15(d)

Comprehensive Income (Details)

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Comprehensive Income (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Gain on disposal of discontinued operations, net of tax $ 0 $ (1,500,000) [1] $ (43,900,000) [1]
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 736,400,000 472,700,000 110,700,000
Income Tax Expense (Benefit) (141,000,000.0) (98,000,000.0) (80,300,000)
Net Earnings from Continuing Operations 595,400,000 374,700,000 30,400,000
Prior Service Credits [2] 200,000 700,000 700,000
Net Actuarial Losses [2] 1,100,000 1,100,000 6,200,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement and Curtailment Gain (Loss), before Tax [2] 0 0 [3] (292,800,000) [3]
Defined Benefit Items, Earnings Before Income Taxes (900,000) (400,000) (298,300,000)
Defined Benefit Items, Income Tax Provision 100,000 100,000 [3] (15,000,000.0) [3]
Defined Benefit Items, Earnings From Continuing Operations, Net of Tax (800,000) (300,000) [3] (313,300,000)
Derivatives, Earnings Before Income Taxes (4,200,000) 6,800,000 10,200,000
Derivatives, Income Tax Provision 1,300,000 (1,800,000) (3,000,000.0)
Derivatives, Net Earnings From Continuing Operations [4] (2,900,000) 5,000,000.0 7,200,000
Effective Income Tax Rate Reconciliation, Pension Settlement Charge, Net     17,500,000
Effective Income Tax Rate Reconciliation, Pension Settlement Charge, Income Tax Expense (Benefit)   (73,900,000) (73,900,000)
Effective Income Tax Rate Reconciliation, Pension Settlement Charge, Gross 0 0 91,400,000
Interest Expense [Member] | Interest Rate Contracts [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Derivatives, Earnings Before Income Taxes (600,000) (600,000) (600,000)
Cost of Sales [Member] | Foreign Exchange Contracts [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Derivatives, Earnings Before Income Taxes (8,300,000) 7,400,000 10,800,000
Cost of Sales [Member] | Commodity Contracts [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Derivatives, Earnings Before Income Taxes 4,700,000 0 0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Foreign Currency Adjustment Attributable to Parent [Member]      
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]      
Gain on disposal of discontinued operations, net of tax 0 0 (13,900,000)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 0 0 (13,900,000)
Income Tax Expense (Benefit) 0 0 100,000
Net Earnings from Continuing Operations $ 0 $ 0 $ (13,800,000)
[1] (C) The Loss on disposal of discontinued operations, net of tax for the year ended December 31, 2019 includes a pre-tax loss of $51.3 million and a net tax benefit of $7.4 million.
[2] (A)    These Accumulated other comprehensive loss components are included in the computation of net pension and other benefit costs. See Note 17 – Postretirement Benefits for additional details.
[3] (B)    In 2019, the Company fully exited its qualified benefit pension plans and as a result, recorded a pre-tax settlement charge of $292.8 million. The income tax impact of the settlement action was a net provision of $17.5 million, consisting of an income tax benefit of $73.9 million associated with the pension settlement charge netted against an income tax charge of $91.4 million resulting from the release of disproportionate tax effects in Accumulated other comprehensive loss. Refer to Note 17 – Postretirement Benefits and Note 12 – Income Taxes in the Notes to Consolidated Financial Statements for further information on the pension settlement and related income tax consequences, respectively.
[4] See Note 19 – Comprehensive Income (Loss) for the tax effects for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.