XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]            
Net sales $ 799.5   $ 780.6   $ 1,488.4 $ 1,513.2
Cost of goods sold 512.8   498.0   966.1 977.3
Gross profit 286.7   282.6   522.3 535.9
Selling, general and administrative expenses 132.2   140.9   279.5 282.7
Research and development expenses 20.7   19.1   41.4 37.9
Operating income 133.8   122.6   201.4 215.3
Other (income) expense:            
(Gain) loss on sale of business 0.1   0.9   (3.4) 6.2
Net interest expense 9.4   10.1   16.7 23.6
Other Income (12.9)   (4.2)   (12.3) (3.8)
Income from continuing operations before income taxes 137.2   98.7   200.4 172.2
Provision for income taxes 22.1   20.8   32.9 35.9
Net income from continuing operations 115.1   77.9   167.5 136.3
(Loss) income from discontinued operations, net of tax (0.8)   (36.4)   (1.9) 8.1
Net income 114.3 $ 51.3 41.5 $ 102.9 165.6 144.4
Comprehensive income, net of tax            
Net income 114.3 $ 51.3 41.5 $ 102.9 165.6 144.4
Changes in cumulative translation adjustment (0.9)   22.8   (2.5) 25.2
Changes in market value of derivative financial instruments, net of tax (3.4)   4.1   0.9 0.3
Comprehensive income $ 110.0   $ 68.4   $ 164.0 $ 169.9
Earnings (loss) Per Share, Basic            
Continuing operations (in dollars per share) $ 0.68   $ 0.44   $ 0.98 $ 0.77
Discontinued operations (in dollars per share) (0.01)   (0.21)   (0.01) 0.04
Basic earnings (loss) per ordinary share (in dollars per share) 0.67   0.23   0.97 0.81
Earnings (loss) Per Share, Diluted            
Continuing operations (in dollars per share) 0.68   0.44   0.98 0.76
Discontinued operations (in dollars per share) (0.01)   (0.21)   (0.01) 0.04
Diluted earnings (loss) per ordinary share (in dollars per share) $ 0.67   $ 0.23   $ 0.97 $ 0.80
Weighted average ordinary shares outstanding            
Basic (shares) 169.8   176.9   170.6 178.1
Diluted (shares) 170.5   178.6   171.4 179.9