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Condensed Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Condensed Consolidated Statements of Earnings and Comprehensive Income        
Net sales $ 904.1 $ 796.8 $ 2,414.0 $ 2,219.0
Costs and expenses:        
Cost of goods sold 667.0 596.5 1,790.2 1,659.2
Selling and administrative expenses 94.4 87.1 282.0 265.5
Research and development expenses 8.6 7.0 25.0 21.7
Other (income) expense, net 0.1 (3.4) (2.5) (1.8)
Earnings before interest and income taxes 134.0 109.6 319.3 274.4
Interest expense, net 7.7 8.5 23.8 25.4
Earnings before income taxes from continuing operations 126.3 101.1 295.5 249.0
Income tax expense (Note 6) 40.0 34.7 97.1 74.0
Income from continuing operations 86.3 66.4 198.4 175.0
Discontinued operations (Note 4)        
Income (loss) before income taxes (0.6) 13.9 (1.7) (58.5)
Income tax (benefit) expense (1.6) 3.7 (1.7) (23.5)
Income (loss) from discontinued operations 1.0 10.2   (35.0)
Net income 87.3 76.6 198.4 140.0
Basic earnings (loss) per share attributable to common shares        
Income from continuing operations (in dollars per share) $ 1.34 $ 1.04 $ 3.07 $ 2.74
Income (loss) from discontinued operations (in dollars per share) $ 0.01 $ 0.16   $ (0.54)
Basic earnings per share (in dollars per share) $ 1.35 $ 1.20 $ 3.07 $ 2.20
Diluted earnings (loss) per share attributable to common shares        
Income from continuing operations (in dollars per share) $ 1.31 $ 1.02 $ 3.01 $ 2.69
Income (loss) from discontinued operations (in dollars per share) $ 0.01 $ 0.15   $ (0.53)
Diluted earnings per share (in dollars per share) $ 1.32 $ 1.17 $ 3.01 $ 2.16
Average shares outstanding        
Basic (in shares) 64,149 63,567 64,043 63,429
Diluted (in shares) 65,447 64,890 65,315 64,714
Dividends declared and paid 16.2 14.1 45.0 39.7
Dividends declared and paid per share (in dollars per share) $ 0.25 $ 0.22 $ 0.69 $ 0.62
Comprehensive Income        
Net income 87.3 76.6 198.4 140.0
Other comprehensive income (loss) (Note 17)        
Change in foreign currency translation (18.1) 11.5 (16.4) 1.1
Change in accrued post-retirement benefit liability, net of tax 0.7 0.9 1.3 3.3
Loss on hedging activities, net of tax (0.1) (0.1) (0.3) (0.3)
Other comprehensive income (loss) (17.5) 12.3 (15.4) 4.1
Comprehensive income $ 69.8 $ 88.9 $ 183.0 $ 144.1