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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales [1] $ 4,837.4 $ 4,731.7 $ 4,946.2
Cost of sales 3,064.1 2,900.2 2,966.7
Gross profit 1,773.3 1,831.5 1,979.5
Operating expenses      
Distribution 96.1 94.2 87.0
Research and development 187.4 218.6 167.7
Selling 567.0 595.7 598.4
Administration 503.0 435.9 461.1
Impairment charges 184.5 224.4 47.5
Restructuring 26.3 21.0 61.0
Other operating expense (income) 4.2 5.2 (41.4)
Total operating expenses 1,568.5 1,595.0 1,381.3
Operating income 204.8 236.5 598.2
Change in financial assets (22.1) (188.7) 24.9
Interest expense, net 121.7 128.0 168.1
Other (income) expense, net (66.0) 6.1 (10.1)
Loss on extinguishment of debt 0.2 0.5 135.2
Income before income taxes 171.0 290.6 280.1
Income tax expense (benefit) 24.9 159.6 160.5
Net income $ 146.1 $ 131.0 $ 119.6
Earnings per share      
Basic (in dollars per share) $ 1.07 $ 0.95 $ 0.84
Diluted (in dollars per share) $ 1.07 $ 0.95 $ 0.84
Weighted-average shares outstanding      
Basic (in dollars per share) 136.0 137.8 142.3
Diluted (in dollars per shares) 136.5 138.3 142.6
[1] The net sales by geography is derived from the location of the entity that sells to a third party.