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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 246.3 $ 277.1 $ 698.2 $ 791.2
Cost of goods sold 155.1 165.4 447.9 484.7
Gross profit 91.2 111.7 250.3 306.5
Selling, general and administrative expenses 41.0 41.3 108.8 134.3
Gain related to sale of fixed and intangible assets (6.9)   (21.0)  
Equity earnings from joint venture (15.2) (42.9) (48.2) (83.0)
Operating income 72.3 113.3 210.7 255.2
Interest expense 6.1 11.7 18.7 31.6
Other non-operating (income) expense, net (3.2) (5.1) 361.8 (16.0)
Earnings (loss) from continuing operations before income taxes 69.4 106.7 (169.8) 239.6
Income tax expense (benefit) 15.2 16.0 (50.9) 48.8
Earnings (loss) from continuing operations 54.2 90.7 (118.9) 190.8
Net earnings from discontinued operations, net of tax expense of $ -, $2.5, $ - and $7.2   4.8   3.0
(Loss) from disposal of discontinued businesses, net of tax (benefit) of $ -, ($5.0), ($1.4) and ($4.9) (0.2) (22.3) (3.0) (27.0)
Net (loss) from discontinued operations (0.2) (17.5) (3.0) (24.0)
Net earnings (loss) 54.0 73.2 (121.9) 166.8
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments (6.2) 78.6 (8.2) 84.6
Derivative gain (loss), net 1.5 (2.7) (12.3) (15.9)
Pension and postretirement adjustments (0.8) 5.5 286.8 11.2
Total other comprehensive (loss) income (5.5) 81.4 266.3 79.9
Total comprehensive income $ 48.5 $ 154.6 $ 144.4 $ 246.7
Earnings (loss) per share of common stock, continuing operations:        
Basic $ 1.13 $ 1.86 $ (2.48) $ 3.90
Diluted 1.13 1.83 (2.48) 3.84
Earnings (loss) per share of common stock, discontinued operations:        
Basic   (0.36) (0.06) (0.49)
Diluted   (0.35) (0.06) (0.48)
Net earnings (loss) per share of common stock:        
Basic 1.13 1.50 (2.54) 3.41
Diluted $ 1.13 $ 1.48 $ (2.54) $ 3.36
Average number of common shares outstanding:        
Basic 47.9 48.7 47.9 48.8
Diluted 48.0 49.5 47.9 49.6