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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, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 272.0 $ 248.6 $ 514.1 $ 475.9
Cost of goods sold 168.6 165.9 319.3 322.4
Gross profit 103.4 82.7 194.8 153.5
Selling, general and administrative expenses 37.4 40.9 93.0 78.4
Equity earnings from joint venture (21.2) (24.2) (40.1) (40.5)
Operating income 87.2 66.0 141.9 115.6
Interest expense 9.5 9.8 19.9 19.0
Other non-operating (income), net (5.4) (9.1) (10.9) (18.1)
Earnings from continuing operations before income taxes 83.1 65.3 132.9 114.7
Income tax expense 19.4 17.7 32.8 25.9
Earnings from continuing operations 63.7 47.6 100.1 88.8
Net (loss) earnings from discontinued operations, net of tax expense of $4.8, $0.2, $4.7 and $1.7 (2.3) 5.5 (1.8) 9.4
(Loss) from disposal of discontinued businesses, net of tax expense (benefit) of $0.1, $0.1, $0.1 and ($0.3) (6.9) (5.8) (4.7) (23.1)
Net (loss) from discontinued operations (9.2) (0.3) (6.5) (13.7)
Net earnings 54.5 47.3 93.6 75.1
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments 0.7 (20.8) 6.0 (14.9)
Derivative (loss) gain, net (8.1) 2.0 (13.2) 5.8
Pension and postretirement adjustments 2.9 3.1 5.7 4.9
Total other comprehensive (loss) (4.5) (15.7) (1.5) (4.2)
Total comprehensive income $ 50.0 $ 31.6 $ 92.1 $ 70.9
Earnings per share of common stock, continuing operations:        
Basic $ 1.30 $ 0.91 $ 2.05 $ 1.69
Diluted 1.28 0.90 2.01 1.66
(Loss) per share of common stock, discontinued operations:        
Basic (0.19) (0.01) (0.13) (0.26)
Diluted (0.19) (0.01) (0.13) (0.26)
Net earnings per share of common stock:        
Basic 1.11 0.90 1.92 1.43
Diluted $ 1.09 $ 0.89 $ 1.88 $ 1.40
Average number of common shares outstanding:        
Basic 49.0 51.9 48.8 52.5
Diluted 49.8 52.6 49.6 53.2