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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 511.0 $ 536.1 $ 1,014.6 $ 1,029.7
Cost of sales 274.7 297.6 539.1 568.7
Gross profit 236.3 238.5 475.5 461.0
Selling, general and administrative expenses 75.6 85.1 149.0 168.3
Engineering - research and development 23.2 21.2 45.4 45.7
Loss associated with impairment of long-lived assets     1.3  
Operating income 137.5 132.2 279.8 247.0
Interest income 0.2 0.2 0.4 0.4
Interest expense (23.3) (36.8) (60.4) (72.1)
Premiums and expenses on tender offer and redemption of long-term debt (25.1)   (25.1)  
Other (expense) income, net (2.2) (0.9) 0.6 (1.3)
Income before income taxes 87.1 94.7 195.3 174.0
Income tax expense (32.7) (37.5) (72.5) (64.7)
Net income $ 54.4 $ 57.2 $ 122.8 $ 109.3
Basic earnings per share attributable to common stockholders $ 0.30 $ 0.32 $ 0.68 $ 0.61
Diluted earnings per share attributable to common stockholders 0.30 0.31 0.68 0.59
Dividends declared per common share $ 0.15 $ 0.12 $ 0.30 $ 0.24
Comprehensive income, net of tax $ 55.3 $ 57.0 $ 111.8 $ 111.2