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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 248.6 $ 225.6 $ 475.9 $ 445.4
Cost of goods sold 165.9 140.4 322.4 281.9
Gross profit 82.7 85.2 153.5 163.5
Selling, general and administrative expenses 40.9 35.7 78.4 75.0
Equity earnings from joint venture (24.2) (19.7) (40.5) (38.0)
Operating income 66.0 69.2 115.6 126.5
Interest expense 9.8 8.9 19.0 17.8
Other non-operating (income), net (9.1) (8.3) (18.1) (17.2)
Earnings from continuing operations before income taxes 65.3 68.6 114.7 125.9
Income tax expense 17.7 24.9 25.9 46.7
Earnings from continuing operations 47.6 43.7 88.8 79.2
Net earnings (loss) from discontinued operations, net of tax expense of $0.2, $3.7, $1.7 and $6.5 5.5 (2.2) 9.4 (6.9)
(Loss) from disposal of discontinued business, net of tax expense (benefit) of $0.1, $0.2, ($0.3) and $0.5 (5.8) (0.2) (23.1) (0.6)
Net (loss) from discontinued operations (0.3) (2.4) (13.7) (7.5)
Net earnings 47.3 41.3 75.1 71.7
Other comprehensive income, net of tax:        
Foreign currency translation adjustments (20.8) 2.8 (14.9) 13.9
Derivative gain (loss), net 2.0 (1.8) 5.8 (1.7)
Pension and postretirement adjustments 3.1 2.0 4.9 4.5
Total other comprehensive (loss) income (15.7) 3.0 (4.2) 16.7
Total comprehensive income $ 31.6 $ 44.3 $ 70.9 $ 88.4
Earnings per share of common stock, continuing operations:        
Basic $ 0.91 $ 0.82 $ 1.69 $ 1.47
Diluted 0.90 0.81 1.66 1.46
(Loss) per share of common stock, discontinued operations:        
Basic (0.01) (0.05) (0.26) (0.14)
Diluted (0.01) (0.04) (0.26) (0.14)
Net earnings per share of common stock:        
Basic 0.90 0.77 1.43 1.33
Diluted $ 0.89 $ 0.77 $ 1.40 $ 1.32
Average number of common shares outstanding:        
Basic 51.9 53.3 52.5 53.7
Diluted 52.6 53.7 53.2 54.1