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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 3,714.0 $ 3,416.0 $ 3,323.6
Costs and expenses:      
Cost of goods sold 1,371.7 1,301.2 1,258.6
Marketing, selling and administrative expense 1,101.9 1,012.1 981.5
Research and development expense 292.8 259.2 302.0
Interest expense 54.5 44.9 44.8
Other (income) expense, net 229.4 449.2 290.9
Total costs and expenses 3,050.3 3,066.6 2,877.8
Income from operations before income taxes 663.7 349.4 445.8
Income tax provision 132.3 214.0 151.3
Net income $ 531.4 $ 135.4 $ 294.5
Basic earnings per share available to common shareholders $ 7.15 $ 1.80 [1] $ 3.83
Diluted earnings per share available to common shareholders $ 7.03 $ 1.77 [1] $ 3.76
[1] Total per share amounts may not add due to rounding.