Equity Investment

9 Months Ended

Sep. 30, 2017

Equity Method Investments And Joint Ventures [Abstract]

Equity Investment

NOTE 7. EQUITY INVESTMENT

Investment in joint venture as of September 30, 2017 reflected our 50% equity interest in WAVE.  Condensed income statement data for WAVE is summarized below.  Segment results relating to WAVE, however, consist primarily of equity earnings, as we do not consolidate the sales, profit or earnings of WAVE in our results. 

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Net sales	$	101.6	$	102.6	$	311.1	$	300.5
Gross profit		49.7		54.0		157.5		160.9
Net earnings		31.3		41.8		114.1		124.0