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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