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CONDENSED CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 1,098.2 $ 1,121.5 $ 3,290.8 $ 3,391.3
Cost of products sold 877.5 897.3 2,640.2 2,723.3
Gross profit 220.7 224.2 650.6 668.0
Operating expenses:        
Selling, general and administrative expenses 104.6 112.8 315.6 343.5
Research and development 11.2 10.7 33.4 30.1
Facility consolidation and other costs 0 15.8 0 46.0
Other operating (income) expense, net (2.4) (2.7) (7.6) (7.6)
Operating income 107.3 87.6 309.2 256.0
Interest expense 14.0 17.0 47.9 50.6
Other non-operating (income) expense, net (1.2) (3.4) (15.6) (6.3)
Income from continuing operations before income taxes 94.5 74.0 276.9 211.7
Provision for income taxes 33.0 25.1 95.0 69.5
Income from continuing operations 61.5 48.9 181.9 142.2
Income (loss) from discontinued operations, net of tax (44.5) 5.1 (49.9) 14.2
Net income $ 17.0 $ 54.0 $ 132.0 $ 156.4
Income from continuing operations, per basic share $ 0.62 $ 0.47 $ 1.81 $ 1.38
Income (loss) from discontinued operations, per basic share $ (0.45) $ 0.05 $ (0.50) $ 0.14
Net income, per basic share $ 0.17 $ 0.52 $ 1.31 $ 1.52
Income from continuing operations, per diluted share $ 0.61 $ 0.47 $ 1.79 $ 1.36
Income (loss) from discontinued operations, per diluted share $ (0.44) $ 0.05 $ (0.49) $ 0.14
Net income, per diluted share $ 0.17 $ 0.52 $ 1.30 $ 1.50
Cash dividends paid per share (in dollars per share) $ 0.27 $ 0.26 $ 0.81 $ 0.78