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Unaudited Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Full

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

849.0

 

 

$

877.4

 

 

$

870.7

 

 

$

896.0

 

 

$

3,493.1

 

Gross Profit

 

 

379.0

 

 

 

408.0

 

 

 

395.6

 

 

 

408.0

 

 

 

1,590.6

 

Income from Operations

 

 

179.5

 

 

 

175.3

 

 

 

196.0

 

 

 

173.4

 

 

 

724.2

 

Net Income

 

 

113.0

 

 

 

111.6

 

 

 

124.0

 

 

 

110.4

 

 

 

459.0

 

Net Income per Share-Basic

 

$

0.44

 

 

$

0.43

 

 

$

0.48

 

 

$

0.43

 

 

$

1.78

 

Net Income per Share-Diluted

 

$

0.43

 

 

$

0.43

 

 

$

0.47

 

 

$

0.42

 

 

$

1.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

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)

 

$

0.41

 

 

$

0.28

 

 

$

0.46

 

 

$

0.42

 

 

$

1.57

 

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

 

$

0.40

 

 

$

0.28

 

 

$

0.45

 

 

$

0.41

 

 

$

1.54

 

(1)

The second quarter of 2015 Net Income includes a $17.0 or $0.06 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 $0.03 per share to terminate an international defined benefit pension plan.