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Statements of Consolidated Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 367.2 $ 344.1 $ 738.9 $ 679.2
Cost of products sold:        
Cost of products sold, excluding depreciation and amortization and other items 294.8 275.5 597.1 558.4
Unrealized losses (gains) on derivative instruments 1.5 (1.6) 6.0 (3.6)
Depreciation and amortization 8.1 7.7 16.1 15.1
Selling, general, administrative, research and development 23.6 22.0 46.3 42.3
Loss on removal of Union VEBA net assets – Note 5 0.6 (6.1) 1.2 (11.7)
Loss on removal of Union VEBA net assets 1.6   493.8 0.0
Pre-tax loss on settlement of Union VEBA   0.0    
Total selling, administrative, research and development, and general 25.8 15.9 541.3 30.6
Other Operating Income (Expense), Net 0.0 0.2 0.0 0.2
Total costs and expenses 330.2 297.7 1,160.5 600.7
Operating income (loss) 37.0 46.4 (421.6) 78.5
Other (expense) income:        
Interest expense (5.2) (9.2) (15.0) (18.0)
Other income, net – Note 13 0.4 1.8 0.8 3.7
Income (loss) before income taxes 32.2 39.0 (435.8) 64.2
Income tax (provision) benefit (12.0) (14.5) 163.8 (23.9)
Net income (loss) $ 20.2 $ 24.5 $ (272.0) $ 40.3
Net income (loss) per common share:        
Basic $ 1.19 $ 1.38 $ (15.78) $ 2.25
Diluted $ 1.11 $ 1.33 $ (15.78) $ 2.18
Weighted-average number of common shares outstanding (in thousands):        
Basic 17,006 17,841 17,233 17,889
Diluted 18,192 18,458 17,233 18,512