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Selected Quarterly Data (Tables)
 12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
Quarterly Financial Information
The following tables present 2018 and 2017 quarterly financial information:
 
2018
In millions, except per-share data
First
Quarter
Second
Quarter
 
Third
Quarter
Fourth
Quarter
Full
Year
Net sales
$
732.6

$
780.6

 
$
711.4

$
740.5

$
2,965.1

Gross profit
253.3

282.6

 
243.8

268.0

1,047.7

Operating income
92.7

122.6

 
108.4

113.0

436.7

Net income from continuing operations
58.4

77.9

(1) 
91.2

94.2

321.7

Income (loss) from discontinued operations, net of tax
44.5

(36.4
)
 
18.9

(1.3
)
25.7

Net income
102.9

41.5

 
110.1

92.9

347.4

Earnings (loss) per ordinary share (2)
 
 
 
 
 
 
Basic
 
 
 
 
 
 
Continuing operations
$
0.33

$
0.44

 
$
0.52

$
0.55

$
1.83

Discontinued operations
0.24

(0.21
)
 
0.11

(0.01
)
0.15

Basic earnings per ordinary share
$
0.57

$
0.23

 
$
0.63

$
0.54

$
1.98

Diluted
 
 
 
 
 
 
Continuing operations
$
0.32

$
0.44

 
$
0.52

$
0.54

$
1.81

Discontinued operations
0.25

(0.21
)
 
0.11

(0.01
)
0.15

Diluted earnings per ordinary share
$
0.57

$
0.23

 
$
0.63

$
0.53

$
1.96


(1) 
Includes decrease of $17.1 million related to loss on early extinguishment of debt.
(2) 
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.

 
2017
In millions, except per-share data
First
Quarter
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Full
Year
Net sales
$
683.3

$
754.0

 
$
687.6

 
$
720.8

 
$
2,845.7

Gross profit
223.7

273.6

 
236.5

 
253.7

 
987.5

Operating income
61.9

129.2

 
101.8

 
85.4

 
378.3

Net income (loss) from continuing operations
12.7

(3.4
)
(1) 
49.0

 
55.8

(2) 
114.1

Income from discontinued operations, net of tax
75.0

66.5

 
78.2

 
151.6

 
371.3

Gain (loss) from sale of discontinued operations, net of tax
—

200.6

 
(1.7
)
 
(17.8
)
 
181.1

Net income
87.7

263.7

 
125.5

 
189.6

 
666.5

Earnings (loss) per ordinary share (3)
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
Continuing operations
$
0.07

$
(0.02
)
 
$
0.27

 
$
0.32

 
$
0.63

Discontinued operations
0.41

1.47

 
0.42

 
0.73

 
3.04

Basic earnings per ordinary share
$
0.48

$
1.45

 
$
0.69

 
$
1.05

 
$
3.67

Diluted
 
 
 
 
 
 
 
 
Continuing operations
$
0.07

$
(0.02
)
 
$
0.27

 
$
0.30

 
$
0.62

Discontinued operations
0.41

1.45

 
0.41

 
0.74

 
3.01

Diluted earnings per ordinary share
$
0.48

$
1.43

 
$
0.68

 
$
1.04

 
$
3.63


(1) 
Includes decrease of $101.4 million related to loss on early extinguishment of debt.
(2) 
Includes decrease of $15.6 million due to trade name and other impairment and $8.5 million related to a “mark-to-market” actuarial loss on pension and other post-retirement benefit plans.
(3) 
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.