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Condensed Consolidated Statements of Income - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Net sales | $ 1,006.9 | $ 971.6 | $ 3,001.5 | $ 2,944.7
Cost of goods sold | 825.7 | 813.3 | 2,454.9 | 2,469.1
Gross profit | 181.2 | 158.3 | 546.6 | 475.6
Selling, general and administrative expenses | 79.9 | 65.5 | 235.4 | 204.6
Operating income | 101.3 | 92.8 | 311.2 | 271.0
Interest expense | (23.2) | (24.8) | (70.2) | (74.7)
Investment income | 0.5 | 0.6 | 2.6 | 2.0
Other income, net | 0.9 | 6.7 | 4.0 | 10.9
Income before income taxes | 79.5 | 75.3 | 247.6 | 209.2
Income tax expense | 17.8 | 14.4 | 53.8 | 36.5
Net income | $ 61.7 | $ 60.9 | $ 193.8 | $ 172.7
Basic earnings per share | $ 0.79 | $ 0.78 | $ 2.48 | $ 2.22
Diluted earnings per share | $ 0.78 | $ 0.78 | $ 2.47 | $ 2.21

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