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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,314.8 $ 1,236.1 $ 2,386.7 $ 2,220.8
Cost of goods sold 920.6 903.9 1,703.9 1,639.2
Selling and administrative expenses 172.3 159.9 336.5 308.5
Research and development expenses 15.4 14.2 29.8 28.1
Other operating (income) expense, net (0.7) (1.6) (5.4) (9.4)
Operating income 207.2 159.7 321.9 254.4
Interest expense, net 14.7 14.2 28.4 28.7
Other non-operating (income) expense, net (0.6) (0.7) (1.0) 1.2
Income from continuing operations before income taxes 193.1 146.2 294.5 224.5
Provision for income taxes 40.1 31.5 64.1 51.9
Income from continuing operations 153.0 114.7 230.4 172.6
Discontinued operations:        
(Loss) income before income taxes 0.0 (1.3) 0.0 297.7
(Benefit) provision for income taxes 0.1 (0.3) (1.9) 47.0
(Loss) income from discontinued operations (0.1) (1.0) 1.9 250.7
Net income $ 152.9 $ 113.7 $ 232.3 $ 423.3
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 2.68 $ 1.88 $ 4.01 $ 2.80
Income from discontinued operations (in dollars per share) 0 (0.02) 0.03 4.07
Basic earnings per share (in dollars per share) 2.68 1.86 4.04 6.87
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 2.65 1.87 3.98 2.78
Income from discontinued operations (in dollars per share) 0 (0.02) 0.03 4.04
Diluted earnings per share (in dollars per share) $ 2.65 $ 1.85 $ 4.01 $ 6.82
Average shares outstanding (in thousands):        
Basic (in shares) 56,960,000 60,641,000 57,246,000 61,159,000
Diluted (in shares) 57,566,000 61,059,000 57,730,000 61,593,000
Comprehensive Income        
Net income $ 152.9 $ 113.7 $ 232.3 $ 423.3
Other comprehensive income:        
Foreign currency gains (3.6) (35.4) 0.3 (13.2)
Amortization of unrecognized net periodic benefit costs, net of tax 0.6 1.1 1.3 2.0
Other, net of tax (1.6) 0.3 0.0 0.5
Other comprehensive income (4.6) (34.0) 1.6 (10.7)
Comprehensive income $ 148.3 $ 79.7 $ 233.9 $ 412.6