XML 17 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net sales $ 1,260.9 $ 1,226.8 $ 1,265.3 $ 1,183.5 $ 1,188.1 $ 1,210.7 $ 1,301.2 $ 1,190.0 $ 4,936.5 $ 4,890.0 $ 4,616.4
Cost of goods sold                 3,107.4 3,095.9 3,017.6
Gross profit 468.3 455.3 483.2 422.3 440.1 440.9 481.8 431.3 1,829.1 1,794.1 1,598.8
Selling, general and administrative                 1,032.5 979.3 884.0
Research and development                 115.8 114.1 98.7
Operating income 137.4 192.2 212.8 138.4 161.8 182.8 203.4 152.7 680.8 700.7 616.1
Other (income) expense                      
Loss on sale of businesses                 4.2 3.9 3.2
Gain (Loss) on Extinguishment of Debt                 (101.4) 0.0 0.0
Equity income of unconsolidated subsidiaries                 (1.3) (4.3) (1.5)
Interest income                 (9.9) (8.3) (4.7)
Interest expense                 97.2 148.4 106.6
Income from continuing operations before income taxes                 489.2 561.0 512.5
Provision for income taxes                 9.2 109.4 115.4
Net income from continuing operations 203.9 127.1 68.3 80.7 109.6 117.5 132.7 91.8 480.0 451.6 397.1
Income (loss) from discontinued operations, net of tax                 5.4 70.0 (466.8)
Gain (loss) from sale / impairment of discontinued operations, net of tax (17.8) (1.7) 200.6 0.0 0.0 0.6 0.0 0.0 181.1 0.6 (6.7)
Net income (loss) $ 189.6 $ 125.4 $ 263.7 $ 87.8 $ 131.0 $ 141.0 $ 142.8 $ 107.4 666.5 522.2 (76.4)
Comprehensive income (loss), net of tax                      
Net income (loss)                 666.5 522.2 (76.4)
Changes in cumulative translation adjustment (inclusive of divestiture of business reclassified to gain from sale of $374.2 for the year ended December 31, 2017)                 497.5 (83.0) (264.9)
Changes in market value of derivative financial instruments, net of tax                 (4.6) (8.3) 0.2
Comprehensive income (loss)                 $ 1,159.4 $ 430.9 $ (341.1)
Earnings (loss) per ordinary share                      
Income (Loss) from Continuing Operations, Per Basic Share $ 1.12 $ 0.70 $ 0.38 $ 0.44 $ 0.60 $ 0.65 $ 0.73 $ 0.50 $ 2.64 $ 2.49 $ 2.20
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (0.07) (0.01) 1.07 0.04 0.12 0.13 0.06 0.09 1.03 0.39 (2.62)
Earnings Per Share, Basic 1.05 0.69 [1] 1.45 [1] 0.48 [1] 0.72 0.78 [1] 0.79 [1] 0.59 [1] 3.67 2.88 (0.42)
Income (Loss) from Continuing Operations, Per Diluted Share 1.11 0.69 0.37 0.44 0.60 0.64 0.73 0.50 2.61 2.47 2.17
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (0.07) (0.01) 1.06 0.04 0.11 0.13 0.05 0.09 1.02 0.38 (2.59)
Diluted $ 1.04 $ 0.68 [1] $ 1.43 [1] $ 0.48 [1] $ 0.71 $ 0.77 [1] $ 0.78 [1] $ 0.59 [1] $ 3.63 $ 2.85 $ (0.42)
Weighted average ordinary shares outstanding                      
Basic (shares)                 181.7 181.3 180.3
Diluted (shares)                 183.7 183.1 182.6
[1] Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average ordinary shares outstanding during that period.