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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,175.4 $ 1,102.1 $ 2,010.2 $ 1,895.6
Cost of goods sold 813.8 761.3 1,425.5 1,343.8
Gross profit 361.6 340.8 584.7 551.8
Operating Expenses:        
Selling, general and administrative expenses 161.4 168.5 316.6 320.9
Losses and other expenses, net 0.2 2.3 7.5 5.4
Restructuring charges (0.5) (0.1) (1.3) (0.2)
(Gain) loss, net on sale of business and related property (22.1) 0.0 (11.8) 0.0
Loss on assets held for sale 31.4 0.0 31.4 0.0
Income from equity method investments (4.9) (5.5) (8.4) (10.9)
Operating income 195.1 175.4 248.1 236.2
Interest expense, net 9.8 8.2 18.2 15.7
Other expense (income), net 0.8 (0.1) 1.4 (0.1)
Income from continuing operations before income taxes 184.5 167.3 228.5 220.6
Provision for income taxes 45.3 50.9 51.4 60.7
Income from continuing operations 139.2 116.4 177.1 159.9
Discontinued Operations:        
Income (loss) from discontinued operations before income taxes 0.4 (1.5) 0.4 (1.5)
Income tax expense (benefit) 2.0 (0.6) 2.0 (0.6)
Loss from discontinued operations (1.6) (0.9) (1.6) (0.9)
Net income $ 137.6 $ 115.5 $ 175.5 $ 159.0
Earnings per share – Basic:        
Income from continuing operations (in dollars per share) $ 3.42 $ 2.75 $ 4.31 $ 3.76
Loss from discontinued operations (in dollars per share) (0.04) (0.02) (0.04) (0.02)
Net income (in dollars per share) 3.38 2.73 4.27 3.74
Earnings per share – Diluted:        
Income from continuing operations (in dollars per share) 3.39 2.71 4.26 3.70
Loss from discontinued operations (in dollars per share) (0.04) (0.02) (0.04) (0.02)
Net income (in dollars per share) $ 3.35 $ 2.69 $ 4.22 $ 3.68
Average shares outstanding:        
Weighted Average Number of Shares Outstanding - Basic 40.7 42.3 41.1 42.6
Weighted Average Number of Shares Outstanding - Diluted 41.1 42.9 41.6 43.2
Cash dividends declared per share $ 0.64 $ 0.51 $ 1.15 $ 0.94