XML 83 R73.htm IDEA: XBRL DOCUMENT v3.10.0.1
Adoption of Revenue Recognition - Effect of Revenue Recognition on Condensed Consolidated Statement of Operations (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]        
Net sales $ 467.2 $ 459.6 $ 959.2 $ 864.9
Operating costs and expenses:        
Cost of sales (exclusive of items shown separately below) 369.5 370.6 796.3 710.0
Selling, general and administrative expense 11.1 9.7 17.8 23.2
Depreciation and amortization 17.7 19.1 35.4 35.4
Other expense (income), net 0.9 (1.3) 2.1 0.4
Total operating costs and expenses 399.2 398.1 851.6 769.0
Operating income 68.0 61.5 107.6 95.9
Non-operating (income) expense:        
Retirement benefits expense 14.4 18.3 28.8 36.6
Interest income (2.0) (0.8) (3.6) (1.3)
Interest expense 8.3 7.8 16.4 15.2
Total non-operating expense, net 20.7 25.3 41.6 50.5
Income before income taxes 47.3 36.2 66.0 45.4
Income tax provision 12.5 11.9 17.2 15.2
Net income $ 34.8 $ 24.3 $ 48.8 $ 30.2
Basic        
Net favorable effect of the changes in contract estimates on basic net income per share $ 0.46 $ 0.32 $ 0.65 $ 0.41
Diluted        
Net favorable effect of the changes in contract estimates on diluted net income per share $ 0.45 $ 0.32 $ 0.64 $ 0.41
Weighted average shares of common stock outstanding, basic (in shares) 73.9 73.2 73.8 72.6
Weighted average shares of common stock outstanding, diluted (in shares) 75.1 73.2 75.0 72.7
Effect of Adoption | ASU 2014-09        
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]        
Net sales $ 9.4   $ (13.2)  
Operating costs and expenses:        
Cost of sales (exclusive of items shown separately below) 12.9   (1.8)  
Selling, general and administrative expense 0.0   0.0  
Depreciation and amortization 0.0   0.0  
Other expense (income), net 0.0   0.0  
Total operating costs and expenses 12.9   (1.8)  
Operating income (3.5)   (11.4)  
Non-operating (income) expense:        
Retirement benefits expense 0.0   0.0  
Interest income 0.0   0.0  
Interest expense 0.0   0.0  
Total non-operating expense, net 0.0   0.0  
Income before income taxes (3.5)   (11.4)  
Income tax provision (1.1)   (3.1)  
Net income $ (2.4)   $ (8.3)  
Basic        
Net favorable effect of the changes in contract estimates on basic net income per share $ (0.03)   $ (0.11)  
Diluted        
Net favorable effect of the changes in contract estimates on diluted net income per share $ (0.03)   $ (0.11)  
Weighted average shares of common stock outstanding, basic (in shares) 0.0   0.0  
Weighted average shares of common stock outstanding, diluted (in shares) 0.0   0.0  
Amounts Excluding Effect of Adoption        
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]        
Net sales $ 476.6   $ 946.0  
Operating costs and expenses:        
Cost of sales (exclusive of items shown separately below) 382.4   794.5  
Selling, general and administrative expense 11.1   17.8  
Depreciation and amortization 17.7   35.4  
Other expense (income), net 0.9   2.1  
Total operating costs and expenses 412.1   849.8  
Operating income 64.5   96.2  
Non-operating (income) expense:        
Retirement benefits expense 14.4   28.8  
Interest income (2.0)   (3.6)  
Interest expense 8.3   16.4  
Total non-operating expense, net 20.7   41.6  
Income before income taxes 43.8   54.6  
Income tax provision 11.4   14.1  
Net income $ 32.4   $ 40.5  
Basic        
Net favorable effect of the changes in contract estimates on basic net income per share $ 0.43   $ 0.54  
Diluted        
Net favorable effect of the changes in contract estimates on diluted net income per share $ 0.42   $ 0.53  
Weighted average shares of common stock outstanding, basic (in shares) 73.9   73.8  
Weighted average shares of common stock outstanding, diluted (in shares) 75.1   75.0