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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 26, 2014
Jun. 27, 2014
Mar. 28, 2014
Sep. 27, 2013
Jun. 28, 2013
Sep. 26, 2014
Sep. 27, 2013
Income Statement [Abstract]              
Net sales $ 1,471.7     $ 1,557.1   $ 4,433.1 $ 4,759.9
Cost of sales 1,445.1     1,396.9   4,142.6 4,250.0
Gross profit 26.6     160.2   290.5 509.9
Selling, general and administrative expenses 101.9     117.3   338.2 363.4
Goodwill impairment charge 0     0   155.1 0
Intangible asset impairment charges 3.3     0   98.8 0
Operating income (loss) (78.6)     42.9   (301.6) 146.5
Other income (expense) (17.3)     9.5   (111.4) (58.8)
Interest income (expense):              
Interest expense (28.5)     (30.6)   (85.6) (90.7)
Interest income 0.8     1.7   3.0 4.7
Interest income (expense), total (27.7)     (28.9)   (82.6) (86.0)
Income (loss) before income taxes (123.6)     23.5   (495.6) 1.7
Income tax (provision) benefit 4.5     (16.2)   13.8 (29.9)
Equity in net earnings of unconsolidated affiliated companies 0.3     0.9   0.9 1.5
Net income (loss) including non-controlling interest (118.8)     8.2   (480.9) (26.7)
Less: preferred stock dividends 0     0.1   0 0.3
Less: net income (loss) attributable to non-controlling interest 5.4     2.4   (16.5) 4.9
Net income (loss) attributable to Company common shareholders (124.2)     5.7   (464.4) (31.9)
Earnings (loss) per share              
Earnings (loss) per common share-basic $ (2.55) [1]     $ 0.11 [1]   $ (9.52) [1] $ (0.64) [1]
Weighted average common shares-basic 48.7 [2]     49.2 [2]   48.8 [2] 49.5 [2]
Earnings (loss) per common share-assuming dilution $ (2.55)     $ 0.11   $ (9.52) $ (0.64)
Weighted average common shares - assuming dilution 48.7 [2]     50.7 [2]   48.8 [2] 49.5 [2]
Dividends per common share $ 0.18 $ 0.18 $ 0.18 $ 0.18 $ 0.18 $ 0.54 $ 0.36
Comprehensive income (loss):              
Net income (loss) (118.8)     8.2   (480.9) (26.7)
Currency translation gain (loss) (56.1)     14.5   (57.9) (28.8)
Defined benefit plan adjustments, net of tax of $0.7 million and $3.3 million in the three and nine months ended September 26, 2014 and $0.8 million and $2.8 million in the three and nine months ended September 27, 2013 1.0     1.8   6.1 5.2
Change in fair value of derivatives, net of tax of $0.2 million and $0.6 million in the three and nine months ended September 27, 2013 0     (0.2)   0 0
Comprehensive income (loss), net of tax (173.9)     24.3   (532.7) (50.3)
Comprehensive income (loss) attributable to non-controlling interest, net of tax 3.9     5.5   (20.3) 1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax $ (177.8)     $ 18.8   $ (512.4) $ (51.3)
[1] Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).
[2] Denominator