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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Sales $ 2,062.8 $ 1,911.1 $ 3,844.3 $ 3,668.9
Cost of sales 1,588.4 1,413.7 3,017.0 2,739.7
Gross profit 474.4 497.4 827.3 929.2
Operating expenses:        
Selling and marketing 115.5 121.2 227.1 236.4
Research and development 86.8 86.7 167.6 164.3
General and administrative 89.2 92.5 160.9 164.5
Total operating expenses 291.5 300.4 555.6 565.2
Operating income 193.1 210.7 293.3 393.9
Non-operating expense:        
Interest expense 14.9 10.7 26.7 22.3
Other (income) expense, net (3.2) (3.0) (6.5) (5.3)
Income from continuing operations before income taxes 181.4 203.0 273.1 376.9
Provision for income taxes 39.4 47.8 57.0 88.6
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 142.0 155.2 216.1 288.3
Income (loss) from discontinued operations, net of tax (4.2) 3.3 (8.4) 4.4
Impairment of discontinued operations, net of tax (142.2) 0.0 (142.2) 0.0
Net income (loss) (4.4) 158.5 65.5 292.7
Net income attributable to noncontrolling interest (0.2) (0.1) (0.2) (0.2)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 141.8 155.1 215.9 288.1
Net income (loss) from discontinued operations (146.4) 3.3 (150.6) 4.4
Net income (loss) attributable to Polaris Inc. $ (4.6) $ 158.4 $ 65.3 $ 292.5
Income (Loss) from Continuing Operations, Per Basic Share $ 2.37 $ 2.53 $ 3.59 $ 4.67
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (2.45) 0.05 (2.50) 0.08
Basic (in dollars per share) (0.08) 2.58 1.09 4.75
Income (Loss) from Continuing Operations, Per Diluted Share 2.34 2.47 3.55 4.56
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (2.42) 0.05 (2.48) 0.07
Diluted (in dollars per share) $ (0.08) $ 2.52 $ 1.07 $ 4.63
Weighted average shares outstanding:        
Basic (in shares) 59.9 61.3 60.1 61.6
Diluted (in shares) 60.5 62.8 60.9 63.1
Income from financial services        
Operating expenses:        
Income from financial services $ 10.2 $ 13.7 $ 21.6 $ 29.9