XML 14 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 1,026.4 $ 1,035.1 $ 3,087.1 $ 3,042.6
Cost of products sold 821.4 827.1 2,482.4 2,450.2
Gross profit 205.0 208.0 604.7 592.4
Operating expenses:        
Selling, general and administrative expenses 90.9 95.9 284.6 290.5
Research and development 9.3 10.0 28.7 33.6
Restructuring and other costs 16.1 12.9 50.5 41.1
Other Operating Income (Expense), Net (4.4) (7.8) (11.4) (13.9)
Operating income 93.1 97.0 252.3 241.1
Interest expense 18.9 16.7 56.5 48.7
Other non-operating (income) expense, net (0.5) (1.7) (2.1) (5.0)
Income from continuing operations before income taxes 74.7 82.0 197.9 197.4
Provision for income taxes 17.2 26.4 46.1 62.7
Net income $ 57.5 $ 55.6 $ 151.8 $ 134.7
Net income, per basic share $ 0.63 $ 0.61 $ 1.66 $ 1.47
Net income, per diluted share 0.63 0.61 1.66 1.46
Cash dividends paid per share (in dollars per share) $ 0.31 $ 0.30 $ 0.93 $ 0.90