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Quarterly Results of Operations (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | (In millions, except share data and stock prices)
| 2015
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
Net sales |  |  |  |  |  |  |  |  |
Net sales of tangible products | $ | 755 |  |  | $ | 762 |  |  | $ | 787 |  |  | $ | 829 |  |  | $ | 3,133 |
Revenue from services and software | 138 |  |  | 128 |  |  | 129 |  |  | 124 |  |  | 519 |
Total Net sales | 893 |  |  | 890 |  |  | 916 |  |  | 953 |  |  | 3,652 |
Cost of sales |  |  |  |  |  |  |  |  |
Cost of sales of tangible products | 386 |  |  | 407 |  |  | 403 |  |  | 435 |  |  | 1,631 |
Cost of services and software | 98 |  |  | 90 |  |  | 99 |  |  | 90 |  |  | 377 |
Total Cost of sales | 484 |  |  | 497 |  |  | 502 |  |  | 525 |  |  | 2,008 |
Gross profit | 409 |  |  | 393 |  |  | 414 |  |  | 428 |  |  | 1,644 |
Operating expenses: |  |  |  |  |  |  |  |  |
Selling and marketing | 122 |  |  | 125 |  |  | 120 |  |  | 119 |  |  | 486 |
Research and development | 96 |  |  | 99 |  |  | 100 |  |  | 99 |  |  | 394 |
General and administrative | 66 |  |  | 70 |  |  | 67 |  |  | 74 |  |  | 277 |
Amortization of intangible assets | 68 |  |  | 64 |  |  | 59 |  |  | 60 |  |  | 251 |
Acquisition and integration costs | 26 |  |  | 31 |  |  | 37 |  |  | 50 |  |  | 144 |
Exit and restructuring costs | 11 |  |  | 18 |  |  | 6 |  |  | 4 |  |  | 39 |
Total Operating expenses | 389 |  |  | 407 |  |  | 389 |  |  | 406 |  |  | 1,591 |
Operating income (loss) | 20 |  |  | (14 | ) |  | 25 |  |  | 22 |  |  | 53 |
Other (expense) income |  |  |  |  |  |  |  |  |
Foreign exchange (loss) income | (27 | ) |  | 11 |  |  | (6 | ) |  | — |  |  | (22 | )
Interest, net | (51 | ) |  | (49 | ) |  | (45 | ) |  | (49 | ) |  | (194 | )
Other, net | — |  |  | (1 | ) |  | — |  |  | — |  |  | (1 | )
Total Other (expenses)/income | (78 | ) |  | (39 | ) |  | (51 | ) |  | (49 | ) |  | (217 | )
(Loss) Income before income taxes | (58 | ) |  | (53 | ) |  | (26 | ) |  | (27 | ) |  | (164 | )
Income tax expense (benefit) | (33 | ) |  | 23 |  |  | 3 |  |  | (20 | ) |  | (27 | )
Net (loss) income | $ | (25 | ) |  | $ | (76 | ) |  | $ | (29 | ) |  | $ | (7 | ) |  | $ | (137 | )
Basic earnings per share: | $ | (0.50 | ) |  | $ | (1.50 | ) |  | $ | (0.57 | ) |  | $ | (0.13 | ) |  | $ | (2.69 | )
Diluted earnings per share: | $ | (0.50 | ) |  | $ | (1.50 | ) |  | $ | (0.57 | ) |  | $ | (0.13 | ) |  | $ | (2.69 | )
Basic weighted average shares outstanding | 50,666,970 |  |  | 50,917,161 |  |  | 51,151,541 |  |  | 51,207,102 |  |  | 50,996,297 |
Diluted weighted average and equivalent shares outstanding | 50,666,970 |  |  | 50,917,161 |  |  | 51,151,541 |  |  | 51,207,102 |  |  | 50,996,297 |
High/Low Stock Price: |  |  |  |  |  |  |  |  |
High | $92.48 |  | $119.47 |  | $117.00 |  | $83.02 |  | $119.47
Low | $74.40 |  | $88.41 |  | $71.95 |  | $63.92 |  | $63.92
| 2014
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
Net sales |  |  |  |  |  |  |  |  |
Net sales of tangible products | $ | 262 |  |  | $ | 270 |  |  | $ | 283 |  |  | $ | 684 |  |  | $ | 1,499 |
Revenue from services and software | 26 |  |  | 18 |  |  | 21 |  |  | 107 |  |  | 172 |
Total Net sales | 288 |  |  | 288 |  |  | 304 |  |  | 791 |  |  | 1,671 |
Cost of sales |  |  |  |  |  |  |  |  |
Cost of sales of tangible products | 130 |  |  | 137 |  |  | 142 |  |  | 383 |  |  | 792 |
Cost of services and software | 10 |  |  | 9 |  |  | 10 |  |  | 72 |  |  | 101 |
Total Cost of sales | 140 |  |  | 146 |  |  | 152 |  |  | 455 |  |  | 893 |
Gross profit | 148 |  |  | 142 |  |  | 152 |  |  | 336 |  |  | 778 |
Operating expenses: |  |  |  |  |  |  |  |  |
Selling and marketing | 35 |  |  | 36 |  |  | 37 |  |  | 105 |  |  | 213 |
Research and development | 23 |  |  | 24 |  |  | 25 |  |  | 79 |  |  | 151 |
General and administrative | 28 |  |  | 26 |  |  | 25 |  |  | 59 |  |  | 138 |
Amortization of intangible assets | 2 |  |  | 3 |  |  | 3 |  |  | 46 |  |  | 54 |
Acquisition and integration costs | 6 |  |  | 20 |  |  | 35 |  |  | 66 |  |  | 127 |
Exit and restructuring costs | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |
Total Operating expenses | 94 |  |  | 109 |  |  | 125 |  |  | 361 |  |  | 689 |
Operating income (loss) | 54 |  |  | 33 |  |  | 27 |  |  | (25 | ) |  | 89 |
Other (expense) income |  |  |  |  |  |  |  |  |
Foreign exchange (loss) income | — |  |  | — |  |  | — |  |  | (9 | ) |  | (9 | )
Interest, net | — |  |  | (2 | ) |  | — |  |  | (60 | ) |  | (62 | )
Other, net | — |  |  | — |  |  | (2 | ) |  | 1 |  |  | (1 | )
Total Other (expenses)/income | — |  |  | (2 | ) |  | (2 | ) |  | (68 | ) |  | (72 | )
Income (loss) before income taxes | 54 |  |  | 31 |  |  | 25 |  |  | (93 | ) |  | 17 |
Income tax expense (benefit) | 12 |  |  | 4 |  |  | 10 |  |  | (41 | ) |  | (15 | )
Net income (loss) | $ | 42 |  |  | $ | 27 |  |  | $ | 15 |  |  | $ | (52 | ) |  | $ | 32 |
Basic earnings per share: | $ | 0.83 |  |  | $ | 0.54 |  |  | $ | 0.29 |  |  | $ | (1.02 | ) |  | $ | 0.64 |
Diluted earnings per share: | $ | 0.82 |  |  | $ | 0.54 |  |  | $ | 0.29 |  |  | $ | (1.02 | ) |  | $ | 0.63 |
Basic weighted average shares outstanding | 50,402,469 |  |  | 50,606,008 |  |  | 50,835,492 |  |  | 50,452,097 |  |  | 50,789,173 |
Diluted weighted average and equivalent shares outstanding | 50,974,303 |  |  | 51,277,628 |  |  | 51,460,537 |  |  | 50,452,097 |  |  | 51,379,698 |
High/Low Stock Price: |  |  |  |  |  |  |  |  |
High | $72.76 |  | $87.53 |  | $86.02 |  | $79.11 |  | $87.53
Low | $52.61 |  | $60.06 |  | $72.10 |  | $58.95 |  | $52.61

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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