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Summarized Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Financial Information (Unaudited)
Summarized Quarterly Financial Information (Unaudited)
 
 
2018
 
 
First
 
Second
 
Third
 
Fourth
(In millions, except per share amounts)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
Net sales
 
$
1,131.0

 
$
1,155.2

 
$
1,186.2

 
$
1,260.3

Gross profit
 
374.0

 
363.5

 
365.5

 
399.1

Net (loss) earnings from continuing operations
 
(208.0
)
 
83.3

 
75.6

 
199.4

Gain on sale of discontinued operations, net of tax
 
7.4

 
31.1

 
3.4

 
0.9

Net (loss) earnings(1)
 
$
(200.6
)
 
$
114.4

 
$
79.0

 
$
200.3

Basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(1.25
)
 
$
0.52

 
$
0.48

 
$
1.28

Discontinued operations
 
0.04

 
0.19

 
0.02

 
0.01

Net (loss) earnings per common share - basic
 
$
(1.21
)
 
$
0.71

 
$
0.50

 
$
1.29

Diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(1.25
)
 
$
0.52

 
$
0.48

 
$
1.28

Discontinued operations
 
0.04

 
0.19

 
0.02

 

Net (loss) earnings per common share - diluted
 
$
(1.21
)
 
$
0.71

 
$
0.50

 
$
1.28

 
 
 
2017
 
 
First
 
Second
 
Third
 
Fourth
(In millions, except per share amounts)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
Net sales
 
$
1,032.2

 
$
1,070.3

 
$
1,131.3

 
$
1,227.8

Gross profit
 
335.4

 
343.5

 
360.7

 
372.5

Net (loss) earnings from continuing operations
 
(53.7
)
 
29.0

 
62.5

 
25.0

Gain (loss) on sale of discontinued operations, net of tax
 

 

 
699.3

 
(58.6
)
Net earnings from discontinued operations, net of tax
 
10.5

 
75.1

 
25.7

 
0.1

Net (loss) earnings(1)
 
$
(43.2
)
 
$
104.1

 
$
787.5

 
$
(33.5
)
Basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.27
)
 
$
0.14

 
$
0.33

 
$
0.14

Discontinued operations
 
0.05

 
0.39

 
3.86

 
(0.33
)
Net (loss) earnings per common share - basic
 
$
(0.22
)
 
$
0.53

 
$
4.19

 
$
(0.19
)
Diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.27
)
 
$
0.14

 
$
0.33

 
$
0.14

Discontinued operations
 
0.05

 
0.38

 
3.82

 
(0.33
)
Net (loss) earnings per common share - diluted
 
$
(0.22
)
 
$
0.52

 
$
4.15

 
$
(0.19
)
 
       
(1) 
The sum of the quarterly per share amounts may not agree to the respective annual amounts due to rounding.