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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 330.8 $ 314.3 $ 646.2 $ 601.7
Cost of goods sold 219.7 222.8 435.8 425.9
Gross profit 111.1 91.5 210.4 175.8
Selling, general and administrative expenses 52.4 55.8 107.0 109.5
Separation costs   3.9   31.0
Equity earnings from joint venture (19.7) (19.9) (38.0) (38.0)
Operating income 78.4 51.7 141.4 73.3
Interest expense 9.2 12.5 18.4 34.4
Other non-operating expense 0.1   1.9  
Other non-operating (income) (1.0) (2.1) (4.4) (7.3)
Earnings from continuing operations before income taxes 70.1 41.3 125.5 46.2
Income tax expense 28.6 24.7 53.2 36.7
Earnings from continuing operations 41.5 16.6 72.3 9.5
Net (loss) from discontinued operations, net of tax expense of $ -, $-, $- and $ 0.1       (4.5)
(Loss) gain from disposal of discontinued business, net of tax expense (benefit) of $0.2, ($0.1), $0.5 and ($1.9) (0.2) 0.3 (0.6) 2.0
Net (loss) gain from discontinued operations (0.2) 0.3 (0.6) (2.5)
Net earnings 41.3 16.9 71.7 7.0
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments 2.8 (13.2) 13.9 (11.8)
Derivative (loss) (1.8) (2.1) (1.7) (0.5)
Pension and postretirement adjustments 2.0 9.2 4.5 17.0
Total other comprehensive income (loss) 3.0 (6.1) 16.7 4.7
Total comprehensive income $ 44.3 $ 10.8 $ 88.4 $ 11.7
Earnings per share of common stock, continuing operations:        
Basic $ 0.78 $ 0.30 $ 1.34 $ 0.17
Diluted 0.77 0.29 1.33 0.17
Earnings (loss) per share of common stock, discontinued operations:        
Basic   0.01 (0.01) (0.04)
Diluted   0.01 (0.01) (0.04)
Net earnings per share of common stock:        
Basic 0.77 0.30 1.33 0.13
Diluted $ 0.77 $ 0.30 $ 1.32 $ 0.13
Average number of common shares outstanding:        
Basic 53.3 55.6 53.7 55.6
Diluted 53.7 56.0 54.1 55.9