XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 4,343.5us-gaap_SalesRevenueGoodsNet $ 4,476.6us-gaap_SalesRevenueGoodsNet $ 4,583.6us-gaap_SalesRevenueGoodsNet
Cost of products sold 3,484.4us-gaap_CostOfGoodsSold 3,601.2us-gaap_CostOfGoodsSold 3,731.9us-gaap_CostOfGoodsSold
Gross profit 859.1us-gaap_GrossProfit 875.4us-gaap_GrossProfit 851.7us-gaap_GrossProfit
Operating expenses:      
Selling, general and administrative expenses 416.6us-gaap_SellingGeneralAndAdministrativeExpense 448.5us-gaap_SellingGeneralAndAdministrativeExpense 454.2us-gaap_SellingGeneralAndAdministrativeExpense
Research and development 44.1us-gaap_ResearchAndDevelopmentExpense 40.5us-gaap_ResearchAndDevelopmentExpense 35.7us-gaap_ResearchAndDevelopmentExpense
Facility consolidation and other costs 0us-gaap_RestructuringCharges 45.4us-gaap_RestructuringCharges 68.7us-gaap_RestructuringCharges
Other operating (income) expense, net (9.3)us-gaap_OtherCostAndExpenseOperating (9.2)us-gaap_OtherCostAndExpenseOperating (15.2)us-gaap_OtherCostAndExpenseOperating
Operating income 407.7us-gaap_OperatingIncomeLoss 350.2us-gaap_OperatingIncomeLoss 308.3us-gaap_OperatingIncomeLoss
Interest expense 60.8us-gaap_InterestExpense 68.2us-gaap_InterestExpense 70.9us-gaap_InterestExpense
Other non-operating (income) expense, net (16.8)us-gaap_NonoperatingIncomeExpense (7.7)us-gaap_NonoperatingIncomeExpense (3.8)us-gaap_NonoperatingIncomeExpense
Income from continuing operations before income taxes 363.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 289.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 241.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 124.6us-gaap_IncomeTaxExpenseBenefit 97.2us-gaap_IncomeTaxExpenseBenefit 92.3us-gaap_IncomeTaxExpenseBenefit
Income (loss) from continuing operations 239.1us-gaap_IncomeLossFromContinuingOperations 192.5us-gaap_IncomeLossFromContinuingOperations 148.9us-gaap_IncomeLossFromContinuingOperations
Income (loss) from discontinued operations, net of tax (48.0)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 20.1us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 24.9us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 191.1us-gaap_NetIncomeLoss $ 212.6us-gaap_NetIncomeLoss $ 173.8us-gaap_NetIncomeLoss
Basic earnings per share:      
Income from continuing operations, per basic share $ 2.39us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.86us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 1.43us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income (loss) from discontinued operations, per basic share $ (0.48)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.20us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.24us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic earnings per share, net income $ 1.91us-gaap_EarningsPerShareBasic $ 2.06us-gaap_EarningsPerShareBasic $ 1.67us-gaap_EarningsPerShareBasic
Diluted earnings per share:      
Income from continuing operations, per diluted share $ 2.36us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.85us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 1.42us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income (loss) from discontinued operations, per diluted share $ (0.47)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.19us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.24us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted earnings per share, net income $ 1.89us-gaap_EarningsPerShareDiluted $ 2.04us-gaap_EarningsPerShareDiluted $ 1.66us-gaap_EarningsPerShareDiluted
Common Stock, Dividends, Per Share, Cash Paid $ 1.08us-gaap_CommonStockDividendsPerShareCashPaid $ 1.04us-gaap_CommonStockDividendsPerShareCashPaid $ 1.00us-gaap_CommonStockDividendsPerShareCashPaid