XML 14 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 969.2 $ 798.5 $ 2,776.2 $ 2,221.8
Cost of goods sold 634.4 521.1 1,785.2 1,447.7
Gross profit 334.8 277.4 991.0 774.1
Selling, general and administrative expenses 145.6 130.0 440.4 378.6
Research and development expenses 21.9 19.3 64.4 55.6
Operating income 167.3 128.1 486.2 339.9
Other (income) expense:        
(Gain) loss on sale of businesses (1.4) 0.0 (1.4) 0.1
Net interest expense 2.6 5.4 11.5 20.0
Other expense (income) 0.3 (2.5) 1.0 (1.6)
Income from continuing operations before income taxes 165.8 125.2 475.1 321.4
Provision for income taxes 22.1 14.4 67.7 64.1
Net income from continuing operations 143.7 110.8 407.4 257.3
Loss from discontinued operations, net of tax (0.1) 0.0 (3.1) (1.7)
Net income 143.6 110.8 404.3 255.6
Comprehensive income, net of tax        
Net income 143.6 110.8 404.3 255.6
Changes in cumulative translation adjustment (19.0) 25.1 (31.3) 15.5
Changes in market value of derivative financial instruments, net of tax 12.1 (22.6) 25.0 (1.3)
Comprehensive income $ 136.7 $ 113.3 $ 398.0 $ 269.8
Earnings (loss) Per Share, Basic        
Continuing operations (in dollars per share) $ 0.87 $ 0.67 $ 2.46 $ 1.54
Discontinued operations (in dollars per share) 0 0 (0.02) (0.01)
Basic earnings per ordinary share (in dollars per share) 0.87 0.67 2.44 1.53
Earnings (loss) Per Share, Diluted        
Continuing operations (in dollars per share) 0.86 0.66 2.43 1.54
Discontinued operations (in dollars per share) 0 0 (0.02) (0.01)
Diluted earnings per ordinary share (in dollars per share) $ 0.86 $ 0.66 $ 2.41 $ 1.53
Weighted average ordinary shares outstanding        
Basic (shares) 165.7 166.1 166.0 166.6
Diluted (shares) 167.6 167.1 167.7 167.4