XML 13 R3.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 864.3 $ 855.5 $ 1,735.7 $ 1,688.9
Operating costs and expenses:        
Cost of sales 535.7 523.5 1,061.8 1,037.0
Selling, general and administrative 204.2 187.6 402.5 374.2
Restructuring (gains) charges, net 0.0 (0.2) 0.0 (13.3)
Operating profit 124.4 144.6 271.4 291.0
Other income (expense):        
Interest income 0.6 0.4 0.9 0.9
Interest expense (11.4) (11.4) (22.5) (25.0)
Gain on sale of business 228.7 0.0 228.7 0.0
Miscellaneous income, net 14.8 9.7 18.3 13.6
Total other income (expense) 232.7 (1.3) 225.4 (10.5)
Income before income taxes 357.1 143.3 496.8 280.5
Provision for income taxes 98.9 5.0 133.6 33.8
Net income attributable to common shareholders $ 258.2 $ 138.3 $ 363.2 $ 246.7
Earnings per share:        
Earnings per basic share (in dollars per share) $ 4.60 $ 2.36 $ 6.41 $ 4.22
Earnings per diluted share (in dollars per share) $ 4.54 $ 2.33 $ 6.32 $ 4.17
Average shares outstanding:        
Average basic shares outstanding (in shares) 56.1 58.5 56.7 58.4
Average diluted shares outstanding (in shares) 56.9 59.3 57.5 59.1
Dividends per share (in dollars per share) $ 0.47 $ 0.43 $ 0.94 $ 0.86