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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,809.9 $ 1,640.1 [1] $ 5,268.1 $ 4,760.6 [1]
Cost of sales (1,366.7) (1,243.1) (4,048.2) (3,661.2)
Gross profit 443.2 397.0 1,219.9 1,099.4
Selling, general and administrative expenses (134.2) (129.6) (406.7) (386.9)
Other expense, net (10.5) (24.8) (32.2) (32.4)
Income from operations [2] 298.5 242.6 781.0 680.1
Interest expense, net and other [2] (24.4) (25.7) (75.0) (75.5)
Income before taxes [2] 274.1 216.9 706.0 604.6
Provision for income taxes (67.4) (77.8) (172.6) (204.9)
Net income $ 206.7 $ 139.1 $ 533.4 $ 399.7
Net income per common share:        
Basic $ 2.19 $ 1.47 $ 5.65 $ 4.24
Diluted 2.18 1.47 5.64 4.23
Dividends declared per common share $ 0.79 $ 0.63 $ 2.21 $ 1.89
Statements of Comprehensive Income:        
Net income $ 206.7 $ 139.1 $ 533.4 $ 399.7
Foreign currency translation adjustment   0.1 (0.1) (0.2)
Reclassification adjustments to cash flow hedges included in net income, net of tax of $0.3 million, $0.5 million, $1.0 million, and $1.6 million 1.0 0.9 3.0 2.6
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $1.0 million, $1.2 million, $3.0 million, and $3.7 million 3.0 1.9 8.9 6.2
Other comprehensive income 4.0 2.9 11.8 8.6
Comprehensive income $ 210.7 $ 142.0 $ 545.2 $ 408.3
[1] Prior periods have not been adjusted under the modified retrospective method for Topic 606.
[2] (a)Effective January 1, 2018, the Company adopted ASU 2017-07, Compensation: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost and applied this standard retrospectively to the prior period reflected herein. This new standard requires the presentation of non-service cost components of net periodic benefits expense to be shown separately outside the subtotal of operating income in the income statement. See Note 2, New and Recently Adopted Accounting Standards, for more information. The components of our financial statements affected by the change in presentation of operating and non-operating pension expense as originally reported in 2017 and as adjusted for the requirements per the new standard are as follows (dollars in millions): Segment income (loss) Three Months Ended September 30, 2017 As Reported Non-Operating Pension Adjustment Three Months Ended September 30, 2017 Adjusted Packaging $261.5 $1.7 $263.2 Paper (0.7) (1.9) (2.6) Corporate (18.5) 0.5 (18.0) Income from operations 242.3 0.3 242.6 Interest expense, net and other (25.4) (0.3) (25.7) Income before taxes $216.9 $— $216.9 Segment income (loss) Nine Months Ended September 30, 2017 As Reported Non-Operating Pension Adjustment Nine Months Ended September 30, 2017 Adjusted Packaging $676.8 $4.9 $681.7 Paper 58.1 (5.6) 52.5 Corporate (55.7) 1.6 (54.1) Income from operations 679.2 0.9 680.1 Interest expense, net and other (74.6) (0.9) (75.5) Income before taxes $604.6 $— $604.6