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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2016
Sep. 27, 2015
Oct. 02, 2016
Sep. 27, 2015
Sales $ 3,538.6 $ 3,406.1 $ 10,337.5 $ 10,509.2
Cost of sales 3,066.1 3,021.1 8,995.6 9,299.6
Gross profit 472.5 385.0 1,341.9 1,209.6
Selling, general and administrative expenses 233.8 238.4 669.7 692.9
(Income) loss from equity method investments (7.6) (7.1) (21.3) (11.3)
Operating profit 246.3 153.7 693.5 528.0
Interest expense 32.0 32.3 96.8 98.5
Nonoperating income 0.0 0.0 0.0 12.1
Income before income taxes 214.3 121.4 596.7 417.4
Income tax (benefit) expense 70.5 38.1 194.1 132.9
Net income $ (143.8) $ (83.3) $ (402.6) $ (284.5)