XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 1,329.6 $ 1,348.8
Cost of sales 928.8 943.7
Gross profit 400.8 405.1
Selling, general and administrative expenses 185.5 221.6
Amortization expense of intangible assets 14.8 15.2
Restructuring charges (Note 12) 15.5 (1.2)
Operating profit 185.0 169.5
Interest expense, net (65.1) (57.8)
Other expense, net (Note 21) (0.8) (15.0)
Earnings before income tax provision 119.1 96.7
Income tax provision (Note 17) 35.7 33.8
Net earnings from continuing operations 83.4 62.9
Loss on sale of discontinued operations, net of tax (1.4) (1.0)
Net earnings $ 82.0 $ 61.9
Basic:    
Continuing operations (in dollars per share) $ 0.58 $ 0.44
Discontinued operations (in dollars per share) (0.01) (0.01)
Net earnings per common share - basic (in dollars per share) 0.57 0.43
Diluted:    
Continuing operations (in dollars per share) 0.57 0.44
Discontinued operations (in dollars per share) (0.01) (0.01)
Net earnings per common share - diluted (n dollars per share) $ 0.56 $ 0.43
Weighted average number of common shares outstanding: (Note 22)    
Basic (in shares) 144.9 144.1
Diluted (in shares) 145.4 144.8