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CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 1,012.1 $ 1,021.3 $ 2,007.5 $ 1,989.2
Cost of products sold 826.2 804.3 1,623.7 1,563.4
Gross profit 185.9 217.0 383.8 425.8
Operating expenses:        
Selling, general and administrative expenses 97.6 100.4 192.2 199.8
Research and development 11.1 11.6 23.6 23.1
Restructuring and acquisition-related costs 23.8 19.6 28.2 20.4
Other Operating Income (Expense), Net (3.1) (3.6) (6.1) (5.9)
Operating income 56.5 89.0 145.9 188.4
Interest expense 16.0 14.0 32.0 29.4
Other non-operating (income) expense, net (0.6) (0.6) (1.5) (0.5)
Income from continuing operations before income taxes 41.1 75.6 115.4 159.5
Provision for income taxes 13.1 24.7 36.3 52.4
Net income $ 28.0 $ 50.9 $ 79.1 $ 107.1
Net income, per basic share $ 0.31 $ 0.54 $ 0.86 $ 1.13
Net income, per diluted share 0.30 0.53 0.85 1.12
Cash dividends paid per share (in dollars per share) $ 0.30 $ 0.29 $ 0.60 $ 0.58