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Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Full

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

812.3

 

 

$

847.1

 

 

$

861.8

 

 

$

873.6

 

 

$

3,394.8

 

Gross Profit

 

 

355.5

 

 

 

373.1

 

 

 

385.8

 

 

 

397.4

 

 

 

1,511.8

 

Income from Operations (2)

 

 

172.1

 

 

 

142.3

 

 

 

190.6

 

 

 

169.2

 

 

 

674.2

 

Net Income (1)

 

 

107.2

 

 

 

73.7

 

 

 

120.4

 

 

 

109.1

 

 

 

410.4

 

Net Income per Share-Basic (1) (2)

 

$

0.81

 

 

$

0.56

 

 

$

0.92

 

 

$

0.84

 

 

$

3.13

 

Net Income per Share-Diluted (1) (2)

 

$

0.80

 

 

$

0.55

 

 

$

0.90

 

 

$

0.82

 

 

$

3.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

782.0

 

 

$

808.3

 

 

$

841.8

 

 

$

865.5

 

 

$

3,297.6

 

Gross Profit

 

 

339.4

 

 

 

356.4

 

 

 

367.5

 

 

 

389.6

 

 

 

1,452.9

 

Income from Operations (3)

 

 

162.0

 

 

 

138.2

 

 

 

177.2

 

 

 

163.8

 

 

 

641.2

 

Net Income

 

 

102.6

 

 

 

88.8

 

 

 

115.9

 

 

 

106.6

 

 

 

413.9

 

Net Income per Share-Basic

 

$

0.74

 

 

$

0.66

 

 

$

0.87

 

 

$

0.80

 

 

$

3.06

 

Net Income per Share-Diluted

 

$

0.73

 

 

$

0.65

 

 

$

0.85

 

 

$

0.78

 

 

$

3.01

 

 

(1)

The second quarter of 2015 Net Income includes a $17.0 or $0.13 per share impairment charge to write-off the remaining investment in Natronx.    

(2)

The second quarter of 2015 Income from Operations includes an $8.9 pre-tax charge or $0.05 per share to terminate an international defined benefit pension plan.  

(3)

The second quarter of 2014 Income from Operations includes $5.0 of intangible asset impairment charges.