XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net sales $ 387.7 $ 362.1
Cost of goods and services sold 253.6 238.8
Gross profit 134.1 123.3
Research and development 10.3 9.4
Selling, general and administrative expenses 61.6 58.1
Other expense (Note 12) 0.9 25.8
Operating profit 61.3 30.0
Interest expense 2.1 2.5
Interest income 0.3 0.3
Income before income taxes 59.5 27.8
Income tax expense 2.2 6.9
Equity in net income of affiliated companies 3.6 1.2
Net income $ 60.9 $ 22.1
Net income per share:    
Basic (in dollars per share) $ 0.83 $ 0.31
Diluted (in dollars per share) $ 0.81 $ 0.30
Weighted average shares outstanding:    
Basic (in shares) 73.3 72.5
Diluted (in shares) 74.9 74.1
Dividends declared per share $ 0.13 $ 0.12