XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
Net sales $ 554.8 $ 525.7
Cost of products sold 177.7 166.0
Gross margin 377.1 359.7
Delivery, sales and administrative expense 299.1 288.7
Re-engineering and impairment charges 2.3 1.1 [1]
Gains on disposal of assets 0.1 0.1
Operating income 75.8 70.0
Interest income 0.5 0.7
Interest expense 11.6 12.1
Other expense 0.5 0.4
Income before income taxes 64.2 58.2
Provision for income taxes 16.8 14.8
Net income $ 47.4 $ 43.4
Earnings per share:    
Basic $ 0.94 $ 0.86
Diluted $ 0.93 $ 0.86
Weighted-average shares outstanding:    
Basic 50.7 50.4
Diluted 51.0 50.6
Dividends declared per common share $ 0.68 $ 0.68
[1] (a)See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.