XML 42 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 1,258.5 $ 1,287.8 $ 3,810.6 $ 3,905.3
Cost of products sold 1,011.2 1,040.7 3,069.7 3,193.9
Gross profit 247.3 247.1 740.9 711.4
Operating expenses:        
Selling, general and administrative expenses 127.1 128.4 389.8 381.6
Research and development 11.8 10.2 34.8 31.5
Facility consolidation and other costs 15.8 21.4 46.0 49.4
Other operating (income) expense, net (3.0) (2.8) (7.7) (12.3)
Operating income 95.6 89.9 278.0 261.2
Interest expense 17.0 17.0 50.6 54.8
Other non-operating (income) expense, net (3.3) (1.3) (6.4) (2.2)
Income before income taxes 81.9 74.2 233.8 208.6
Provision for income taxes 27.9 26.8 77.4 74.9
Net income $ 54.0 $ 47.4 $ 156.4 $ 133.7
Basic earnings per share (in dollars per share) $ 0.52 $ 0.46 $ 1.52 $ 1.28
Diluted earnings per share (in dollars per share) $ 0.52 $ 0.45 $ 1.50 $ 1.27
Cash dividends paid per share (in dollars per share) $ 0.26 $ 0.25 $ 0.78 $ 0.75