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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,236.1 $ 983.9 $ 2,220.8 $ 1,757.9
Cost of goods sold 903.9 697.4 1,639.2 1,245.3
Selling and administrative expenses 159.9 127.0 308.5 251.9
Research and development expenses 14.2 13.1 28.1 25.1
Other operating (income) expense, net (1.6) 0.1 (9.4) (0.2)
Operating income 159.7 146.3 254.4 235.8
Interest expense, net 14.2 7.0 28.7 13.6
Other non-operating (income) expense, net (0.7) (0.4) 1.2 (1.8)
Income from continuing operations before income taxes 146.2 139.7 224.5 224.0
Provision for income taxes 31.5 45.0 51.9 71.4
Income from continuing operations 114.7 94.7 172.6 152.6
Discontinued operations:        
(Loss) income before income taxes (1.3) 12.1 297.7 18.3
(Benefit) provision for income taxes (0.3) 4.5 47.0 6.8
(Loss) income from discontinued operations (1.0) 7.6 250.7 11.5
Net income $ 113.7 $ 102.3 $ 423.3 $ 164.1
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 1.88 $ 1.47 $ 2.80 $ 2.35
(Loss) income from discontinued operations (in dollars per share) (0.02) 0.12 4.07 0.18
Basic earnings per share (in dollars per share) 1.86 1.59 6.87 2.53
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 1.87 1.46 2.78 2.34
(Loss) income from discontinued operations (in dollars per share) (0.02) 0.12 4.04 0.18
Diluted earnings per share (in dollars per share) $ 1.85 $ 1.58 $ 6.82 $ 2.52
Average shares outstanding (in thousands):        
Basic (in shares) 60,641 63,746 61,159 64,048
Diluted (in shares) 61,059 64,140 61,593 64,473
Dividends declared and paid per share (in dollars per share) $ 0.37 $ 0.35 $ 0.74 $ 0.70
Comprehensive Income        
Net income $ 113.7 $ 102.3 $ 423.3 $ 164.1
Other comprehensive income (loss)        
Foreign currency translation (35.4) 19.8 (13.2) 31.2
Accrued post-retirement benefit liability, net of tax 1.1 0.4 2.0 0.8
Other, net of tax 0.3 (0.6) 0.5 (0.7)
Other comprehensive income (loss) (34.0) 19.6 (10.7) 31.3
Comprehensive income $ 79.7 $ 121.9 $ 412.6 $ 195.4