XML 17 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 2,786.0 $ 2,748.0 $ 2,740.5
Operating costs and expenses      
Cost of sales 1,770.9 1,758.3 1,786.1
Selling, general and administrative 592.4 597.0 566.5
Asbestos provision 0.0 192.4 0.0
Transaction related charges 7.8 0.0 0.0
Restructuring charges 13.0 0.0 7.8
Acquisition integration related charges 0.0 0.0 7.2
Total operating costs and expenses 2,384.1 2,547.7 2,367.6
Operating profit 401.9 200.3 372.9
Other income (expense):      
Interest income 2.5 1.9 1.9
Interest expense (36.1) (36.5) (37.6)
Miscellaneous expense (0.8) (1.6) (0.7)
Total other income (expense) (34.4) (36.2) (36.4)
Income before income taxes 367.5 164.1 336.5
Provision for income taxes 195.0 40.3 106.5
Net income before allocation to noncontrolling interests 172.5 123.8 230.0
Less: Noncontrolling interest in subsidiaries’ earnings 0.7 1.0 1.1
Net income attributable to common shareholders $ 171.8 $ 122.8 $ 228.9
Earnings per share - basic:      
Earnings Per Share, Basic $ 2.89 $ 2.10 $ 3.94
Weighted average basic shares outstanding 59.4 58.5 58.1
Earnings per share - diluted:      
Earnings Per Share, Diluted $ 2.84 $ 2.07 $ 3.89
Weighted average diluted shares outstanding 60.4 59.3 58.8