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Statements of Consolidated Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 336.4 $ 338.9 $ 1,075.3 $ 1,018.1
Cost of products sold:        
Cost of products sold, excluding depreciation and amortization and other items 267.3 280.4 864.4 838.8
Unrealized losses on derivative instruments 1.7 3.6 7.7 0.0
Depreciation and amortization 8.1 8.0 24.2 23.1
Selling, general, administrative, research and development 21.1 19.0 67.4 61.3
(Gain) loss on removal of Union VEBA net assets – Note 5 0.6 (6.0) 1.8 (17.7)
Gain on removal of Union VEBA net assets (2.9) 0.0 490.9 0.0
Total selling, general, administrative, research and development 18.8 13.0 560.1 43.6
Other operating charges, net 0.0 1.3 0.0 1.5
Total costs and expenses 295.9 306.3 1,456.4 907.0
Operating income (loss) 40.5 32.6 (381.1) 111.1
Other (expense) income:        
Interest expense (4.9) (9.7) (19.9) (27.7)
Other (expense) income, net – Note 13 (0.9) 2.2 (0.1) 5.9
Income (loss) before income taxes 34.7 25.1 (401.1) 89.3
Income tax (provision) benefit (12.6) (9.2) 151.2 (33.1)
Net income (loss) $ 22.1 $ 15.9 $ (249.9) $ 56.2
Net income (loss) per common share:        
Basic $ 1.29 $ 0.90 $ (14.55) $ 3.15
Diluted $ 1.21 $ 0.85 $ (14.55) $ 3.02
Weighted-average number of common shares outstanding (in thousands):        
Basic 17,123 17,707 17,178 17,853
Diluted 18,172 18,619 17,178 18,592
Common Stock, Dividends, Per Share, Declared $ 0.40 $ 0.35 $ 1.20 $ 1.05