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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 1,226.8 $ 1,210.7 $ 3,675.6 $ 3,701.9
Cost of goods sold 771.5 769.8 2,314.8 2,347.9
Gross profit 455.3 440.9 1,360.8 1,354.0
Selling, general and administrative 234.7 228.4 730.3 728.2
Research and development 28.4 29.7 87.1 86.9
Operating income 192.2 182.8 543.4 538.9
Other (income) expense:        
Equity income of unconsolidated subsidiaries (0.3) (1.2) (0.9) (2.7)
Loss on sale of business 3.8 0.0 3.8 0.0
Loss on early extinguishment of debt 0.0 0.0 101.4 0.0
Net interest expense 13.9 34.3 74.2 105.9
Income from continuing operations before income taxes 174.8 149.7 364.9 435.7
Provision for income taxes 47.7 32.2 88.8 93.7
Net income from continuing operations 127.1 117.5 276.1 342.0
Income from discontinued operations, net of tax 0.0 22.9 1.9 48.6
(Loss) gain from sale of discontinued operations, net of tax (1.7) 0.6 198.9 0.6
Net income 125.4 141.0 476.9 391.2
Comprehensive income, net of tax        
Net income 125.4 141.0 476.9 391.2
Changes in cumulative translation adjustment (inclusive of divestiture of business reclassified to gain from sale of $0.0 and $374.2 for the three and nine months ended September 30, 2017, respectively) 34.5 34.9 502.8 37.1
Changes in market value of derivative financial instruments, net of tax (3.0) (4.8) (2.3) (8.6)
Comprehensive income $ 156.9 $ 171.1 $ 977.4 $ 419.7
Earnings (loss) Per Share, Basic        
Continuing operations (in dollars per share) $ 0.70 $ 0.65 $ 1.52 $ 1.89
Discontinued operations (in dollars per share) (0.01) 0.13 1.10 0.27
Basic earnings (loss) per ordinary share (in dollars per share) 0.69 0.78 2.62 2.16
Earnings (loss) Per Share, Diluted        
Continuing operations (in dollars per share) 0.69 0.64 1.50 1.87
Discontinued operations (in dollars per share) (0.01) 0.13 1.10 0.27
Diluted earnings (loss) per ordinary share (in dollars per share) $ 0.68 $ 0.77 $ 2.60 $ 2.14
Weighted average ordinary shares outstanding        
Basic (shares) 181.5 181.4 181.7 181.1
Diluted (shares) 183.5 183.6 183.7 183.0
Cash dividends paid per ordinary share $ 0.345 $ 0.34 $ 1.035 $ 1.00