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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,186.2 $ 1,131.3 $ 3,472.4 $ 3,233.8
Cost of sales [1],[2] 820.7 770.6 2,369.4 2,194.2
Gross profit 365.5 360.7 1,103.0 1,039.6
Selling, general and administrative expenses 192.1 207.9 578.9 608.2
Amortization expense of intangible assets acquired 3.6 3.1 10.9 9.2
Restructuring and other charges 6.6 6.2 22.3 9.2
Operating profit 163.2 143.5 490.9 413.0
Interest expense, net (44.8) (49.1) (131.3) (143.4)
Other (expense) income, net [1],[2] (9.4) 11.8 (20.3) 4.7
Earnings before income tax provision 109.0 106.2 339.3 274.3
Income tax provision 33.4 43.7 388.4 236.5
Net earnings (loss) from continuing operations 75.6 62.5 (49.1) 37.8
Gain on sale of discontinued operations, net of tax 3.4 699.3 41.9 699.3
Net earnings from discontinued operations, net of tax 0.0 25.7 0.0 111.3
Net earnings (loss) $ 79.0 $ 787.5 $ (7.2) $ 848.4
Basic:        
Continuing operations (in dollars per share) $ 0.48 $ 0.33 $ (0.31) $ 0.20
Discontinued operations (in dollars per share) 0.02 3.86 0.26 4.22
Net earnings (loss) per common share - basic (in dollars per share) 0.50 4.19 (0.05) 4.42
Diluted:        
Continuing operations (in dollars per share) 0.48 0.33 (0.31) 0.19
Discontinued operations (in dollars per share) 0.02 3.82 0.26 4.18
Net earnings (loss) per common share - diluted (n dollars per share) 0.50 4.15 (0.05) 4.37
Dividends per common share (in dollars per share) $ 0.16 $ 0.16 $ 0.48 $ 0.48
Weighted average number of common shares outstanding:        
Basic (in shares) 157.2 186.9 160.8 190.9
Diluted (in shares) 158.0 188.9 160.8 192.9
[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) income, net to cost of sales. The impact for the three and nine months ended September 30, 2017 was $2.1 million and $5.3 million, respectively.
[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) income, net. Refer to Note 2, "Recently Adopted and Issued Accounting Standards," in the Notes to Condensed Consolidated Financial Statements for more information.