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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) —Quarterly Financial Data (Unaudited)
 
 
2018
(in millions, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
Year
Revenues
 
$
984.7

 
$
1,236.1

 
$
1,181.4

 
$
1,077.3

 
$
4,479.5

Gross margin
 
249.4

 
332.2

 
314.3

 
278.8

 
1,174.7

Operating income
 
94.7

 
159.7

 
140.0

 
114.6

 
509.0

Income from continuing operations
 
57.9

 
114.7

 
96.9

 
89.1

 
358.6

Income (loss) from discontinued operations
 
251.7

 
(1.0
)
 
2.8

 
(1.0
)
 
252.5

Net income
 
309.6

 
113.7

 
99.7

 
88.1

 
611.1

 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
 
$
0.93

 
$
1.88

 
$
1.61

 
$
1.50

 
$
5.92

Income (loss) from discontinued operations (1)
 
4.05

 
(0.02
)
 
0.05

 
(0.02
)
 
4.17

Basic earnings per share (1)
 
$
4.98

 
$
1.86

 
$
1.66

 
$
1.48

 
$
10.09

 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
 
$
0.92

 
$
1.87

 
$
1.59

 
$
1.49

 
$
5.88

Income (loss) from discontinued operations (1)
 
4.02

 
(0.02
)
 
0.05

 
(0.02
)
 
4.14

Diluted earnings per share (1)
 
$
4.94

 
$
1.85

 
$
1.64

 
$
1.47

 
$
10.02

(1) 
The sum of quarterly earnings per share amounts may not equal the year due to differences in weighted-average share calculation.
 
 
2017
(in millions, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
Year
Revenues
 
$
774.0

 
$
983.9

 
$
1,002.4

 
$
990.5

 
$
3,750.8

Gross margin
 
226.1

 
286.5

 
284.6

 
251.1

 
1,048.3

Operating income
 
89.5

 
146.3

 
134.8

 
93.4

 
464.0

Income from continuing operations
 
57.9

 
94.7

 
79.1

 
108.9

 
340.6

Income from discontinued operations
 
3.9

 
7.6

 
7.2

 
6.2

 
24.9

Net income
 
61.8

 
102.3

 
86.3

 
115.1

 
365.5

 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
 
$
0.89

 
$
1.47

 
$
1.27

 
$
1.75

 
$
5.36

Income from discontinued operations (1)
 
0.06

 
0.12

 
0.11

 
0.09

 
0.39

Basic earnings per share (1)
 
$
0.95

 
$
1.59

 
$
1.38

 
$
1.84

 
$
5.75

 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
 
$
0.88

 
$
1.46

 
$
1.26

 
$
1.73

 
$
5.32

Income from discontinued operations (1)
 
0.06

 
0.12

 
0.11

 
0.09

 
0.39

Diluted earnings per share (1)
 
$
0.94

 
$
1.58

 
$
1.37

 
$
1.82

 
$
5.71

(1) 
The sum of quarterly earnings per share amounts may not equal the year due to differences in weighted-average share calculation.