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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Earnings Per Share, Diluted $ 3.42 $ 2.94 $ 6.34 $ 7.46
Net sales $ 1,055.0 $ 1,032.9 $ 2,720.1 $ 2,922.2
Cost of goods sold 731.7 734.6 1,955.3 2,090.3
Gross profit 323.3 298.3 764.8 831.9
Operating Expenses:        
Selling, general and administrative expenses 151.8 143.4 412.7 441.6
Losses (gains) and other expenses, net 3.4 2.2 5.6 5.3
Restructuring charges (0.1) (6.1) (10.6) (6.5)
Loss on sale of business 0.0 0.2 0.0 9.1
Loss (gain) from natural disasters, net of insurance recoveries (4.9) 7.1 (7.6) 85.4
Income from equity method investments (4.0) (3.3) (11.2) (10.5)
Operating income 167.1 156.8 339.5 465.3
Interest expense, net 6.5 12.5 22.2 36.5
Other expense (income), net 1.1 0.6 3.3 1.7
Pension settlements 0.3 0.0 0.3 60.6
Income from continuing operations before income taxes 159.2 143.7 313.7 366.5
Provision for income taxes 27.5 29.0 68.8 71.5
Income from continuing operations 131.7 114.7 244.9 295.0
Discontinued Operations:        
Loss from discontinued operations before income taxes 0.0 0.0 (0.9) (0.4)
Income tax benefit 0.0 0.0 (0.6) (0.1)
Loss from discontinued operations 0.0 0.0 (0.3) (0.3)
Net income $ 131.7 $ 114.7 $ 244.6 $ 294.7
Earnings per share – Basic:        
Income from continuing operations (in dollars per share) $ 3.44 $ 2.97 $ 6.39 $ 7.54
Loss from discontinued operations (in dollars per share) 0 0 (0.01) (0.01)
Net income (in dollars per share) 3.44 2.97 6.38 7.53
Earnings per share – Diluted:        
Income from continuing operations (in dollars per share) 3.42 2.94 6.35 7.46
Loss from discontinued operations (in dollars per share) 0 0 (0.01) 0
Net income (in dollars per share) $ 3.42 $ 2.94 $ 6.34 $ 7.46