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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2019
Jun. 29, 2019
Mar. 30, 2019
Sep. 29, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 28, 2019
Sep. 29, 2018
Net sales $ 418.1     $ 485.8     $ 1,380.7 $ 1,563.8
Cost of Products Sold 141.5     164.1     457.3 516.6
Gross margin 276.6     321.7     923.4 1,047.2
Delivery, sales and administrative expense 241.6     253.0     752.0 815.0
Re-engineering and impairment charges 7.5     3.0     15.9 12.7
Goodwill and Intangible Asset Impairment 19.7     0.0     19.7 0.0
Gain on disposal of assets 12.1     1.5     11.1 16.1
Operating income 19.9     67.2     146.9 235.6
Interest income 0.6     0.6     1.6 2.0
Interest expense 10.4     11.3     31.4 34.3
Other income 3.8     0.6     10.5 0.8
Income before income taxes 13.9     57.1     127.6 204.1
Provision for income taxes 6.1     18.0     43.5 65.5
Net income $ 7.8 $ 39.4 $ 36.9 $ 39.1 $ 63.8 $ 35.7 $ 84.1 $ 138.6
Earnings per share:                
Basic $ 0.16     $ 0.79     $ 1.73 $ 2.75
Diluted $ 0.16     $ 0.79     $ 1.72 $ 2.74
Weighted-average shares outstanding:                
Basic 48.8     49.3     48.7 50.3
Diluted 48.9     49.4     48.9 50.5