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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 3,641.6 $ 3,467.4 $ 3,367.4
Cost of goods sold 2,565.1 2,520.0 2,464.1
Gross profit 1,076.5 947.4 903.3
Operating expenses:      
Selling, general and administrative expenses 621.0 580.5 573.7
Losses and other expenses, net 11.3 21.7 6.8
Restructuring charges 1.8 3.2 1.9
Goodwill impairment 0.0 5.5 0.0
Asset impairment 0.0 44.5 0.0
Pension and Other Postretirement Benefit Expense 31.4 0.0 0.0
Income from equity method investments (18.4) (13.4) (13.8)
Operating income 429.4 305.4 334.7
Interest expense, net 27.0 23.6 17.2
Other income, net (0.3) (0.8) (0.1)
Income from continuing operations before income taxes 402.7 282.6 317.6
Provision for income taxes 124.1 95.4 109.5
Income from continuing operations 278.6 187.2 208.1
Discontinued operations:      
Loss from discontinued operations before income taxes (1.3) (1.0) (3.7)
Benefit from income taxes (0.5) (0.4) (1.4)
Loss from discontinued operations (0.8) (0.6) (2.3)
Net income $ 277.8 $ 186.6 $ 205.8
Earnings per share – Basic:      
Income from continuing operations (in usd per share) $ 6.41 $ 4.17 $ 4.35
Loss from discontinued operations (in usd per share) (0.02) (0.01) (0.05)
Net income (in usd per share) 6.39 4.16 4.30
Earnings per share – Diluted:      
Income from continuing operations (in usd per share) 6.34 4.11 4.28
Loss from discontinued operations (in usd per share) (0.02) (0.02) (0.05)
Net income (in usd per share) $ 6.32 $ 4.09 $ 4.23
Average shares outstanding:      
Basic (in shares) 43.4 44.9 47.9
Diluted (in shares) 44.0 45.6 48.6
Cash dividends declared per share (in usd per share) $ 1.65 $ 1.38 $ 1.14