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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net sales $ 1,131.0 $ 1,032.2
Cost of sales [1],[2] 757.0 696.8
Gross profit 374.0 335.4
Selling, general and administrative expenses 194.0 197.4
Amortization expense of intangible assets acquired 3.9 5.0
Restructuring and other charges 8.6 1.9
Operating profit 167.5 131.1
Interest expense, net (42.0) (46.6)
Other expense, net [1],[2] (12.0) (1.8)
Earnings before income tax provision 113.5 82.7
Income tax provision 321.5 136.4
Net loss from continuing operations (208.0) (53.7)
Gain on sale of discontinued operations, net of tax 7.4 0.0
Net earnings from discontinued operations, net of tax 0.0 10.5
Net loss $ (200.6) $ (43.2)
Basic:    
Continuing operations (in dollars per share) $ (1.25) $ (0.27)
Discontinued operations (in dollars per share) 0.04 0.05
Net loss per common share - basic (in dollars per share) (1.21) (0.22)
Diluted:    
Continuing operations (in dollars per share) (1.25) (0.27)
Discontinued operations (in dollars per share) 0.04 0.05
Net loss per common share - diluted (in dollars per share) (1.21) (0.22)
Dividends per common share (in dollars per share) $ 0.16 $ 0.16
Weighted average number of common shares outstanding:    
Basic (in shares) 165.3 193.4
Diluted (in shares) 165.3 195.7
[1] As part of our review of costs included in the corporate segment, amounts related to division operations were identified and reclassified out of other expense, net to cost of sales. The impact for the three months ended March 31, 2017 was $1.9 million.
[2] Due to the adoption of ASU 2017-07, certain amounts related to defined benefit and other post-employment benefit plans were reclassified from cost of sales to other expense, net. Refer to Note 2, "Recently Adopted and Issued Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.