XML 15 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 398.2 $ 376.7 $ 1,183.5 $ 1,126.8
Cost of goods and services sold 273.2 255.6 799.4 749.1
Gross profit 125.0 121.1 384.1 377.7
Research and development 9.1 9.0 29.4 27.2
Selling, general and administrative expenses 61.5 58.3 183.7 178.9
Other (income) expense (Note 12) (9.5) 2.5 3.1 29.1
Operating profit 63.9 51.3 167.9 142.5
Interest expense 1.3 2.2 5.7 6.7
Interest income 0.3 0.2 0.9 0.8
Income before income taxes 62.9 49.3 163.1 136.6
Income tax expense 14.0 14.4 19.1 38.3
Equity in net income of affiliated companies 2.1 2.7 6.7 6.2
Net income $ 51.0 $ 37.6 $ 150.7 $ 104.5
Net income per share:        
Basic (in dollars per share) $ 0.69 $ 0.51 $ 2.04 $ 1.43
Diluted (in dollars per share) $ 0.67 $ 0.50 $ 1.99 $ 1.40
Weighted average shares outstanding:        
Basic (in shares) 74.2 73.3 73.8 73.0
Diluted (in shares) 75.9 75.0 75.8 74.7
Dividends declared per share $ 0.14 $ 0.13 $ 0.40 $ 0.37