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v3.4.0.3

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Income Statement [Abstract] |  |
Net sales | $ 1,401.0 | $ 1,425.7
Cost of sales | (1,102.4) | (1,148.7)
Gross profit | 298.6 | 277.0
Selling, general, and administrative expenses | (113.9) | (117.3)
Other expense, net | (3.9) | (2.6)
Income from operations | 180.8 | 157.1
Interest expense, net | (21.6) | (19.2)
Income before taxes | 159.2 | 137.9
Income tax provision | (55.5) | (47.1)
Net income | $ 103.7 | $ 90.8
Net income per common share: |  |
Basic (in dollars per share) | $ 1.09 | $ 0.92
Diluted (in dollars per share) | 1.09 | 0.92
Dividends declared per common share (in US$ per share) | $ 0.55 | $ 0.55
Statements of Comprehensive Income: |  |
Net income | $ 103.7 | $ 90.8
Foreign currency translation adjustment | 0.0 | (1.4)
Reclassification adjustments to cash flow hedges included in net income, net of tax of $0.5 million and $0.6 million | 0.9 | 0.8
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $1.0 million and $1.4 million | 1.6 | 2.2
Other comprehensive income | 2.5 | 1.6
Comprehensive income | $ 106.2 | $ 92.4

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