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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,030.2 $ 1,052.3 $ 3,040.4 $ 2,947.9
Cost of goods sold 728.3 738.6 2,153.8 2,082.4
Gross profit 301.9 313.7 886.6 865.5
Operating Expenses:        
Selling, general and administrative expenses 149.4 158.7 466.1 479.6
Losses and other expenses, net 2.7 3.0 10.0 8.5
Restructuring charges (0.5) (1.9) (1.9) (2.1)
Loss (gain), net on sale of businesses and related property 6.2 0.0 25.8 0.0
Loss (gain) from natural disaster, net of Insurance recoveries 0.3 0.0 0.3 0.0
Income from equity method investments (2.4) (4.5) (10.8) (15.5)
Operating income 145.2 154.6 393.3 390.8
Interest expense, net 10.3 7.6 28.5 23.3
Other expense (income), net 1.1 0.0 2.4 (0.2)
Income from continuing operations before income taxes 133.8 147.0 362.4 367.7
Provision for income taxes 25.8 43.0 77.3 103.8
Income from continuing operations 108.0 104.0 285.1 263.9
Discontinued Operations:        
(Loss) income from discontinued operations before income taxes 0.0 (0.8) 0.4 (2.3)
Income tax (benefit) expense 0.0 (0.3) 2.1 (0.9)
Loss from discontinued operations 0.0 (0.5) (1.7) (1.4)
Net income $ 108.0 $ 103.5 $ 283.4 $ 262.5
Earnings per share – Basic:        
Income from continuing operations (in dollars per share) $ 2.68 $ 2.48 $ 6.98 $ 6.23
Loss from discontinued operations (in dollars per share) 0.00 (0.01) (0.04) (0.03)
Net income (in dollars per share) 2.68 2.47 6.94 6.20
Earnings per share – Diluted:        
Income from continuing operations (in dollars per share) 2.65 2.45 6.90 6.15
Loss from discontinued operations (in dollars per share) 0.00 (0.01) (0.04) (0.03)
Net income (in dollars per share) $ 2.65 $ 2.44 $ 6.86 $ 6.12
Average shares outstanding:        
Weighted Average Number of Shares Outstanding - Basic 40.3 41.9 40.8 42.3
Weighted Average Number of Shares Outstanding - Diluted 40.7 42.4 41.3 42.9
Cash dividends declared per share $ 0.64 $ 0.51 $ 1.79 $ 1.45