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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 967.9 $ 1,040.1
Cost of products sold 759.1 822.6
Gross profit 208.8 217.5
Operating expenses:    
Selling, general and administrative expenses 99.4 106.4
Research and development 11.5 11.3
Restructuring and acquisition-related costs 0.8 5.0
Other operating (income) expense, net (2.3) (2.6)
Operating income 99.4 97.4
Interest expense 15.4 13.1
Other non-operating (income) expense, net 0.1 (1.8)
Income from continuing operations before income taxes 83.9 86.1
Provision for income taxes 27.7 29.1
Income from continuing operations 56.2 57.0
Income (loss) from discontinued operations, net of tax 0.0 (2.6)
Net income $ 56.2 $ 54.4
Income from continuing operations, per basic share $ 0.59 $ 0.58
Income (loss) from discontinued operations, per basic share 0.00 (0.03)
Net income, per basic share 0.59 0.55
Income from continuing operations, per diluted share 0.59 0.58
Income (loss) from discontinued operations, per diluted share 0.00 (0.03)
Net income, per diluted share 0.59 0.55
Cash dividends paid per share (in dollars per share) $ 0.29 $ 0.28