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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 898.4 $ 868.0 $ 2,554.6 $ 2,449.5
Cost of goods sold 651.3 630.6 1,876.7 1,796.1
Gross profit 247.1 237.4 677.9 653.4
Operating Expenses:        
Selling, general and administrative expenses 140.9 136.9 425.5 424.0
Losses (gains) and other expenses, net 2.1 (0.3) 3.5 2.8
Restructuring charges 1.0 0.3 1.3 3.2
Income from equity method investments (3.5) (3.3) (12.0) (10.7)
Operational income from continuing operations 106.6 103.8 259.6 234.1
Interest expense, net 4.0 3.8 11.0 10.8
Other expense (income), net 0 0 0 (0.1)
Income from continuing operations before income taxes 102.6 100.0 248.6 223.4
Provision for income taxes 35.1 34.2 86.6 77.5
Income from continuing operations 67.5 65.8 162.0 145.9
Discontinued Operations:        
Loss from discontinued operations before income taxes (0.2) (2.3) (1.3) (15.7)
Benefit from income taxes (0.1) (0.8) (0.5) (6.4)
Loss from discontinued operations (0.1) (1.5) (0.8) (9.3)
Net income $ 67.4 $ 64.3 $ 161.2 $ 136.6
Earnings per share – Basic:        
Income from continuing operations $ 1.40 $ 1.32 $ 3.33 $ 2.92
Loss from discontinued operations $ 0.00 $ (0.03) $ (0.02) $ (0.19)
Net income $ 1.40 $ 1.29 $ 3.31 $ 2.73
Earnings per share – Diluted:        
Income from continuing operations $ 1.38 $ 1.30 $ 3.27 $ 2.87
Loss from discontinued operations $ 0.00 $ (0.03) $ (0.01) $ (0.18)
Net income $ 1.38 $ 1.27 $ 3.26 $ 2.69
Average shares outstanding:        
Weighted Average Number of Shares Outstanding - Basic 48.3 49.7 48.7 50.0
Weighted Average Number of Shares Outstanding - Diluted 49.0 50.5 49.5 50.8
Cash dividends declared per share $ 0.30 $ 0.24 $ 0.84 $ 0.68