XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
Sales $ 3,492.6 $ 3,486.6 $ 6,798.9 $ 7,103.1
Cost of sales 3,035.6 3,068.1 5,929.5 6,278.5
Gross profit 457.0 418.5 869.4 824.6
Selling, general and administrative expenses 227.8 232.6 435.9 454.5
(Income) loss from equity method investments (7.9) (0.2) (13.7) (4.2)
Operating profit 237.1 186.1 447.2 374.3
Interest expense 32.8 31.5 64.8 66.2
Nonoperating income 0.0 (0.7) 0.0 12.1
Income before income taxes 204.3 155.3 382.4 296.0
Income tax (benefit) expense 66.5 51.1 123.6 94.8
Net income $ (137.8) $ (104.2) $ (258.8) $ (201.2)