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Quarterly Results (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Data [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)
(in millions, except per share data)
For year ended December 31,
 
First
 
Second
 
Third
 
Fourth
 
Year
2017
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
673.4

 
$
702.5

 
$
695.9

 
$
714.2

 
$
2,786.0

Cost of sales
 
429.5

 
444.3

 
441.5

 
455.6

 
1,770.9

Gross profit
 
243.9

 
258.2

 
254.4

 
258.6

 
1,015.1

Operating profit
 
96.6

 
109.0

(a)
105.4

(c)
90.9

(e)
401.9

Net income (loss) attributable to common shareholders
 
63.1

 
69.2

(b)
68.2

(d)
(28.7
)
(f)
171.8

Earnings (loss) per basic share
 
$
1.06

 
$
1.16

 
$
1.15

 
$
(0.48
)
 
$
2.89

Earnings (loss) per diluted share
 
$
1.05

 
$
1.14

 
$
1.13

 
$
(0.48
)
 
$
2.84

 
 
 
 
 
 
 
 
 
 
 
2016
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
660.0

 
$
712.2

 
$
694.2

 
$
681.6

 
$
2,748.0

Cost of sales
 
426.1

 
449.1

 
449.2

 
433.9

 
1,758.3

Gross profit
 
233.9

 
263.1

 
245.0

 
247.7

 
989.7

Operating profit
 
85.5

 
102.6

(g)
103.8

 
(91.6
)
(i)
200.3

Net income (loss) attributable to common shareholders
 
55.0

 
68.2

(h)
63.5

 
(63.9
)
(j)
122.8

Earnings (loss) per basic share
 
$
0.95

 
$
1.17

 
$
1.09

 
$
(1.11
)
 
$
2.10

Earnings (loss) per diluted share
 
$
0.93

 
$
1.15

 
$
1.07

 
$
(1.08
)
 
$
2.07



(a)
Includes $2.6 of transaction related charges
(b)
Includes the impact of item (a) cited above, net of tax
(c)
Includes $0.5 of transaction related charges
(d)
Includes the impact of item (c) cited above, net of tax
(e)
Includes $4.7 of transaction related charges
(f)
Includes the impact of item (e) cited above, net of tax and an $87.1 million impact from a tax law change
(g)
Includes a $5.0 legal settlement charge
(h)
Includes the impact of item (g) cited above, net of tax
(i)
Includes a $192.4 million asbestos provision
(j)
Includes the impact of item (i) cited above, net of tax