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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 992.5 $ 960.7 $ 1,678.3 $ 1,656.1
Cost of goods sold 709.1 698.1 1,231.9 1,225.4
Gross profit 283.4 262.6 446.4 430.7
Operating Expenses:        
Selling, general and administrative expenses 152.9 148.9 286.2 284.5
Losses (gains) and other expenses, net 3.3 (1.0) 8.9 1.4
Restructuring charges 1.8 0.2 2.1 0.3
Income from equity method investments (5.5) (4.6) (8.8) (8.5)
Operational income from continuing operations 130.9 119.1 158.0 153.0
Interest expense, net 6.4 3.7 12.2 7.0
Other expense (income), net 0.0 0.0 0.0 0.0
Income from continuing operations before income taxes 124.5 115.4 145.8 146.0
Provision for income taxes 42.9 40.8 50.2 51.5
Income from continuing operations 81.6 74.6 95.6 94.5
Discontinued Operations:        
Loss from discontinued operations before income taxes (0.7) (1.1) (0.8) (1.1)
Benefit from income taxes (0.3) (0.4) (0.3) (0.4)
Loss from discontinued operations (0.4) (0.7) (0.5) (0.7)
Net income $ 81.2 $ 73.9 $ 95.1 $ 93.8
Earnings per share – Basic:        
Income from continuing operations (in dollars per share) $ 1.81 $ 1.53 $ 2.13 $ 1.93
Loss from discontinued operations (in dollars per share) (0.01) (0.02) (0.01) (0.01)
Net income (in dollars per share) 1.80 1.51 2.12 1.92
Earnings per share – Diluted:        
Income from continuing operations (in dollars per share) 1.79 1.50 2.10 1.90
Loss from discontinued operations (in dollars per share) (0.01) (0.01) (0.01) (0.01)
Net income (in dollars per share) $ 1.78 $ 1.49 $ 2.09 $ 1.89
Average shares outstanding:        
Weighted Average Number of Shares Outstanding - Basic 45.0 48.8 44.9 48.9
Weighted Average Number of Shares Outstanding - Diluted 45.6 49.6 45.6 49.7
Cash dividends declared per share $ 0.36 $ 0.3 $ 0.66 $ 0.54