XML 61 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,280.6 $ 1,181.4 $ 3,667.3 $ 3,402.2
Cost of goods sold 900.4 867.1 2,604.3 2,506.3
Selling and administrative expenses 175.0 164.8 511.5 473.3
Research and development expenses 15.2 12.3 45.0 40.4
Other operating (income) expense, net (1.0) (2.8) (6.4) (12.2)
Operating income 191.0 140.0 512.9 394.4
Interest expense, net 16.7 16.3 49.6 49.2
Interest income 1.7 3.3 6.2 7.5
Other non-operating (income) expense, net (1.2) 5.1 (2.2) 6.3
Income from continuing operations before income taxes 177.2 121.9 471.7 346.4
Provision for income taxes 37.9 25.0 102.0 76.9
Income from continuing operations 139.3 96.9 369.7 269.5
Discontinued operations:        
(Loss) income before income taxes (1.8) 2.6 (1.8) 300.3
(Benefit from) provision for income taxes (0.4) (0.2) (2.3) 46.8
(Loss) income from discontinued operations (1.4) 2.8 0.5 253.5
Net income $ 137.9 $ 99.7 $ 370.2 $ 523.0
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 2.45 $ 1.61 $ 6.46 $ 4.40
Income from discontinued operations (in dollars per share) (0.02) 0.05 0.01 4.15
Basic earnings per share (in dollars per share) 2.43 1.66 6.47 8.55
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 2.42 1.59 6.40 4.37
Income from discontinued operations (in dollars per share) (0.02) 0.05 0.01 4.12
Diluted earnings per share (in dollars per share) $ 2.40 $ 1.64 $ 6.41 $ 8.49
Average shares outstanding (in thousands):        
Basic (in shares) 56,657,000 59,826,000 57,073,000 60,712,000
Diluted (in shares) 57,335,000 60,329,000 57,621,000 61,176,000
Comprehensive Income        
Net income $ 137.9 $ 99.7 $ 370.2 $ 523.0
Other comprehensive income:        
Foreign currency losses (23.6) (8.4) (23.3) (21.6)
Amortization of unrecognized net periodic benefit costs, net of tax 0.7 0.6 2.0 2.6
Other, net of tax (1.2) 0.0 (1.2) 0.5
Other comprehensive loss (24.1) (7.8) (22.5) (18.5)
Comprehensive income $ 113.8 $ 91.9 $ 347.7 $ 504.5