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COMBINED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (Condensed) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 359.0 $ 334.0 $ 918.6 $ 840.8
Cost of products sold 191.1 192.4 479.1 469.4
Gross profit 167.9 141.6 439.5 371.4
Selling, general and administrative expense 89.6 83.4 170.9 167.1
Advertising and sales promotion expense 16.6 18.1 50.9 48.2
Research and development expense 5.1 6.4 10.9 12.5
Amortization of intangible assets 3.0 0.0 5.6 0.0
Restructuring     (2.5) 4.4
Gain on sale of real estate (15.2) 0.0 (15.2) 0.0
Interest expense 13.1 13.1 26.4 26.0
Other items, net (1.1) 0.1 0.4 (0.5)
Total before tax 59.3 21.0 193.4 115.5
Income taxes provision 12.4 4.6 50.9 33.6
Net earnings $ 46.9 $ 16.4 $ 142.5 $ 81.9
Basic earnings per common share (dollars per share) $ 0.76 $ 0.27 $ 2.31 $ 1.32
Diluted earnings per common share (dollars per share) $ 0.75 $ 0.26 $ 2.27 $ 1.31
Statements of Comprehensive Income:        
Net earnings $ 46.9 $ 16.4 $ 142.5 $ 81.9
Other comprehensive income/(loss), net of tax expense/(benefit)        
Foreign currency translation adjustments 15.5 23.2 (16.4) 18.6
Pension activity, net of tax of $0.7 and $1.3 for the quarter and six months ended March 31, 2017, respectively, and $0.5 and $1.0 for the quarter and six months ended March 31, 2016, respectively. 0.6 0.6 4.4 2.7
Deferred (loss)/gain on hedging activity, net of tax of ($0.6) and $3.1 for the quarter and six months ended March 31, 2017, respectively, and ($3.1) and ($2.8) for the quarter and six months ended March 31, 2016, respectively. (2.1) (8.0) 6.1 (7.3)
Total comprehensive income 60.9 32.2 136.6 95.9
Spin-off        
Restructuring (2.5) (0.8) (3.8) 0.1
2013 Restructuring        
Restructuring $ 0.0 $ 0.3 $ 0.0 $ 2.5