Company: AOS
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000091142-25-000036
Chunk: 65

Company: SMITH A O CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 65
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,258.1 $2,885.0 $2,826.6 Net earnings533.6 556.6 235.7 Dividends on stock(190.4)(183.5)(177.3)Balance at the end of the year$3,601.3 $3,258.1 $2,885.0 Accumulated Other Comprehensive LossBalance at the beginning of the year$(84.2)$(82.4)$(331.4)Foreign currency translation adjustments(24.0)3.8 (39.4)Unrealized net (loss) gain on cash flow derivative instruments, less related income tax benefit (provision) of $0.7 in 2024, $1.4 in 2023 and $(1.4) in 2022(2.2)(4.2)4.3 Change in pension liability less related income tax benefit (provision) of $0.5 in 2024, $0.5 in 2023 and $(179.0) in 2022(1.5)(1.4)284.1 Balance at the end of the year$(111.9)$(84.2)$(82.4)Treasury StockBalance at the beginning of the year$(2,202.5)$(1,905.7)$(1,503.4)Exercise of stock options, net of 36,300, 61,605 and 47,309 shares surrendered as proceeds and to pay taxes in 2024, 2023 and 2022, respectively6.6 8.8 (2.1)Stock incentives and directors’ compensation0.2 0.3 0.3 Shares repurchased(305.8)(306.5)(403.5)Excise tax on repurchases of common stock(3.0)(3.1)— Vesting of share units2.5 3.7 3.0 Balance at the end of the year$(2,502.0)$(2,202.5)$(1,905.7)Total Stockholders’ Equity$1,883.5 $1,844.4 $1,747.7 

See accompanying notes which are an integral part of these statements.

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