XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 1,102.1 $ 1,019.2 $ 1,895.6 $ 1,734.4
Cost of goods sold 761.3 704.2 1,343.8 1,235.8
Gross profit 340.8 315.0 551.8 498.6
Operating Expenses:        
Selling, general and administrative expenses 168.5 159.4 320.9 299.7
Losses and other expenses, net 2.3 0.4 5.4 4.7
Restructuring charges 0.1 0.8 0.2 0.6
Income from equity method investments (5.5) (6.3) (10.9) (10.8)
Operating income 175.4 160.7 236.2 204.4
Interest expense, net 8.2 6.8 15.7 12.7
Other income, net (0.1) (0.2) (0.1) (0.3)
Income from continuing operations before income taxes 167.3 154.1 220.6 192.0
Provision for income taxes 50.9 42.9 60.7 55.9
Income from continuing operations 116.4 111.2 159.9 136.1
Discontinued Operations:        
Loss from discontinued operations before income taxes (1.5) (0.8) (1.5) (0.8)
Benefit from income taxes (0.6) (0.3) (0.6) (0.3)
Loss from discontinued operations (0.9) (0.5) (0.9) (0.5)
Net income $ 115.5 $ 110.7 $ 159.0 $ 135.6
Earnings per share – Basic:        
Income from continuing operations (in dollars per share) $ 2.75 $ 2.55 $ 3.76 $ 3.11
Loss from discontinued operations (in dollars per share) (0.02) (0.01) (0.02) (0.01)
Net income (in dollars per share) 2.73 2.54 3.74 3.10
Earnings per share – Diluted:        
Income from continuing operations (in dollars per share) 2.71 2.52 3.70 3.07
Loss from discontinued operations (in dollars per share) (0.02) (0.01) (0.02) (0.01)
Net income (in dollars per share) $ 2.69 $ 2.51 $ 3.68 $ 3.06
Average shares outstanding:        
Weighted Average Number of Shares Outstanding - Basic 42.3 43.6 42.6 43.8
Weighted Average Number of Shares Outstanding - Diluted 42.9 44.1 43.2 44.4
Cash dividends declared per share $ 0.51 $ 0.43 $ 0.94 $ 0.79