CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
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Income Statement [Abstract] | ||||
Net sales | $ 616.8 | $ 575.1 | $ 1,207.1 | $ 1,097.5 |
Cost of sales | 158.6 | 151.2 | 294.6 | 297.1 |
Gross profit | 458.2 | 423.9 | 912.5 | 800.4 |
Selling, general, and administrative expenses | 213.9 | 215.5 | 416.4 | 412.7 |
Research and development expenses | 97.5 | 89.1 | 183.9 | 174.9 |
Intellectual property litigation expenses (income), net | 1.0 | (747.4) | 1.3 | (741.9) |
Special charges (Note 3) | 0.0 | 50.0 | 0.0 | 57.5 |
Interest expense, net | 1.8 | 3.1 | 4.2 | 6.6 |
Other expense, net | 1.8 | 0.4 | 2.0 | 0.1 |
Income before provision for income taxes | 142.2 | 813.2 | 304.7 | 890.5 |
Provision for income taxes | 29.5 | 266.2 | 68.6 | 283.2 |
Net income | $ 112.7 | $ 547.0 | $ 236.1 | $ 607.3 |
Earnings per share: | ||||
Basic | $ 1.05 | $ 5.18 | $ 2.19 | $ 5.72 |
Diluted | $ 1.02 | $ 5.09 | $ 2.14 | $ 5.63 |
Weighted-average number of common shares outstanding: | ||||
Basic | 107.6 | 105.6 | 107.7 | 106.1 |
Diluted | 110.0 | 107.4 | 110.1 | 107.9 |
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- Definition Represents the net amount of judgment or settlement awarded to (against) the entity and legal, forensic, accounting, investigative fees and other expenses related to intellectual property litigation. No definition available.
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- Definition The aggregate amount of other income or expense that may include amounts earned from foreign exchange, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business or assets, and other miscellaneous income or expense items. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of other expense (income) that is infrequent in occurrence or unusual in nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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