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Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 910.2 $ 870.5 $ 2,783.8 $ 2,434.9
Cost and expenses:        
Cost of goods sold 684.3 683.0 2,091.2 1,916.6
Selling and administrative expenses 101.1 99.9 314.6 277.8
Research and development expenses 8.1 7.1 24.4 21.4
Other loss (income), net 6.1 (1.3) 6.5 (3.3)
Earnings before interest and income taxes 110.6 81.8 347.1 222.4
Interest expense, net 6.2 5.5 19.2 15.5
Earnings before income taxes from continuing operations 104.4 76.3 327.9 206.9
Income tax expense (Note 8) 34.7 22.6 108.7 64.6
Income from continuing operations 69.7 53.7 219.2 142.3
Discontinued operations (Note 5)        
Income (loss) from discontinued operations (0.2)   3.3 (1.2)
Income tax (income) expense     0.1 (0.6)
Income (loss) from discontinued operations (0.2)   3.2 (0.6)
Net income 69.5 53.7 222.4 141.7
Basic earnings per share attributable to common shares (Note 9)        
Income from continuing operations (in dollars per share) $ 1.11 $ 0.86 $ 3.50 $ 2.29
Income (loss) from discontinued operations (in dollars per share) $ (0.01)   $ 0.05  
Basic Earnings per share (in dollars per share) $ 1.10 $ 0.86 $ 3.55 $ 2.29
Diluted earnings per share attributable to common shares (Note 9)        
Income from continuing operations (in dollars per share) $ 1.08 $ 0.85 $ 3.43 $ 2.26
Income (loss) from discontinued operations (in dollars per share)     $ 0.05 $ (0.02)
Diluted earnings per share (in dollars per share) $ 1.08 $ 0.85 $ 3.48 $ 2.24
Average shares outstanding - in thousands (Note 9)        
Basic (in shares) 62,708 61,599 62,347 61,396
Diluted (in shares) 63,946 62,403 63,520 62,322
Dividends declared and paid 12.6 11.2 35.1 32.3
Dividends declared and paid per share (in dollars per share) $ 0.20 $ 0.18 $ 0.56 $ 0.52
Comprehensive Income        
Net income 69.5 53.7 222.4 141.7
Other comprehensive income (loss)        
Change in foreign currency translation, net of tax 4.8 (10.9) 0.3 (5.9)
Change in accrued post-retirement benefit liability, net of tax 0.8 0.7 2.4 2.1
Loss on hedging activities, net of tax (0.1) (0.1) (0.3) (0.3)
Other comprehensive income (loss) 5.5 (10.3) 2.4 (4.1)
Comprehensive income $ 75.0 $ 43.4 $ 224.8 $ 137.6