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Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 984.6 $ 870.8 $ 1,873.9 $ 1,564.4
Cost and expenses:        
Cost of goods sold 729.2 687.1 1,407.3 1,233.6
Selling and administrative expenses 106.0 92.2 213.5 177.9
Research and development expenses 8.5 7.3 16.3 14.3
Other income (loss), net 0.6 (1.2) 0.3 (2.0)
Earnings before interest and income taxes 140.3 85.4 236.5 140.6
Interest expense, net 6.5 4.9 13.0 10.0
Earnings before income taxes from continuing operations 133.8 80.5 223.5 130.6
Income tax expense (Note 8) 44.4 25.2 74.1 42.0
Income from continuing operations 89.4 55.3 149.4 88.6
Discontinued operations (Note 5)        
Income (loss) from discontinued operations 3.6 (1.3) 3.6 (1.2)
Income tax (income) expense 0.2 (0.6) 0.2 (0.6)
Income (loss) from discontinued operations 3.4 (0.7) 3.4 (0.6)
Net income 92.8 54.6 152.8 88.0
Basic earnings per share attributable to common shares (Note 9)        
Income from continuing operations (in dollars per share) $ 1.42 $ 0.89 $ 2.39 $ 1.43
Income (loss) from discontinued operations (in dollars per share) $ 0.06 $ (0.01) $ 0.05 $ (0.01)
Basic Earnings per share (in dollars per share) $ 1.48 $ 0.88 $ 2.44 $ 1.42
Diluted earnings per share attributable to common shares (Note 9)        
Income from continuing operations (in dollars per share) $ 1.39 $ 0.87 $ 2.34 $ 1.40
Income (loss) from discontinued operations (in dollars per share) $ 0.06 $ (0.01) $ 0.05 $ (0.01)
Diluted earnings per share (in dollars per share) $ 1.45 $ 0.86 $ 2.39 $ 1.39
Average shares outstanding - in thousands (Note 9)        
Basic (in shares) 62,419 61,449 62,166 61,293
Diluted (in shares) 63,797 62,701 63,483 62,425
Dividends declared and paid 11.3 10.6 22.5 21.1
Dividends declared and paid per share (in dollars per share) $ 0.18 $ 0.17 $ 0.36 $ 0.34
Comprehensive Income        
Net income 92.8 54.6 152.8 88.0
Other comprehensive income (loss)        
Change in foreign currency translation, net of tax (8.7) 1.4 (4.4) 5.0
Change in accrued post-retirement benefit liability, net of tax 0.8 0.7 1.6 1.4
Loss on hedging activities, net of tax (0.1) (0.1) (0.2) (0.2)
Other comprehensive income (loss) (8.0) 2.0 (3.0) 6.2
Comprehensive income $ 84.8 $ 56.6 $ 149.8 $ 94.2