XML 47 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 1,530.0 $ 1,484.5 $ 4,354.9 $ 4,201.0
Cost of products sold 931.1 907.8 2,647.5 2,571.7
GROSS MARGIN 598.9 576.7 1,707.4 1,629.3
Selling, general and administrative expenses 391.3 383.8 1,146.3 1,094.9
Restructuring costs 21.0 19.7 61.6 43.2
OPERATING INCOME 186.6 173.2 499.5 491.2
Nonoperating expenses:        
Interest expense, net 17.5 14.3 54.8 43.7
Other expense, net 9.3 7.7 14.4 45.1
Net nonoperating expenses 26.8 22.0 69.2 88.8
INCOME BEFORE INCOME TAXES 159.8 151.2 430.3 402.4
Income Tax Expense 25.8 28.3 91.3 78.7
INCOME FROM CONTINUING OPERATIONS 134.0 122.9 339.0 323.7
Income (loss) from Discontinued Operations, Net of Tax 0.2 (0.6) (2.2) 2.1
NET INCOME $ 134.2 $ 122.3 $ 336.8 $ 325.8
Weighted average shares outstanding:        
Basic 268.8 273.5 269.6 277.2
Diluted 271.0 276.4 271.8 279.9
Earnings Per Share, Basic [Abstract]        
Income from Continuing Operations, Per Basic Share $ 0.50 $ 0.45 $ 1.26 $ 1.17
Income (loss) from Discontinued Operations, Net of Tax, Per Basic Share 0.00 0.00 (0.01) 0.01
Net income, Per Basic Share 0.50 0.45 1.25 1.18
Earnings Per Share, Diluted [Abstract]        
Income from Continuing Operations, Per Diluted Share 0.49 0.44 1.25 1.16
Income (loss) from Discontinued Operations, Net of Tax, Per Diluted Share 0.00 0.00 (0.01) 0.01
Net income, Per Diluted Share 0.50 0.44 1.24 1.16
Dividends per share $ 0.19 $ 0.17 $ 0.57 $ 0.49