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Summary of Significant Accounting Policies and Recently Issued Accounting Standard (Tables) | 12 Months Ended
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Dec. 31, 2014
Accounting Policies [Abstract] |
Summary of Financial Statements | As a result of the retrospective application of this change in accounting principle, the following financial statement line items within the accompanying financial statements were restated, as follows:
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
(In millions, except per share amounts) |  | As reported under FIFO |  |  | As computed under LIFO |  |  | Effect of change Increase (Decrease) |  |  | As reported under FIFO |  |  | As computed under LIFO |  |  | Effect of change Increase (Decrease) |  |  | As reported under FIFO |  |  | As computed under LIFO |  |  | Effect of change Increase (Decrease) |
Consolidated Statements of Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  | $ | 5,062.9 |  |  | $ | 5,061.4 |  |  | $ | 1.5 |  |  | $ | 5,100.9 |  |  | $ | 5,103.3 |  |  | $ | (2.4 | ) |  | $ | 5,038.7 |  |  | $ | 5,036.9 |  |  | $ | 1.8 |
Gross profit |  |  | 2,687.6 |  |  |  | 2,689.1 |  |  |  | (1.5 | ) |  |  | 2,589.9 |  |  |  | 2,587.5 |  |  |  | 2.4 |  |  |  | 2,520.5 |  |  |  | 2,522.3 |  |  |  | (1.8 | )
Earnings (loss) from continuing operations before income tax provision (benefit) |  |  | 267.2 |  |  |  | 268.7 |  |  |  | (1.5 | ) |  |  | 180.2 |  |  |  | 177.8 |  |  |  | 2.4 |  |  |  | (1,884.4 | ) |  |  | (1,882.6 | ) |  |  | (1.8 | )
Income tax provision (benefit) |  |  | 9.1 |  |  |  | 9.7 |  |  |  | (0.6 | ) |  |  | 84.9 |  |  |  | 84.0 |  |  |  | 0.9 |  |  |  | (265.4 | ) |  |  | (264.7 | ) |  |  | (0.7 | )
Net earnings (loss) from continuing operations |  |  | 258.1 |  |  |  | 259.0 |  |  |  | (0.9 | ) |  |  | 95.3 |  |  |  | 93.7 |  |  |  | 1.6 |  |  |  | (1,619.0 | ) |  |  | (1,617.9 | ) |  |  | (1.1 | )
Net earnings (loss) available to common shareholders |  | $ | 258.1 |  |  | $ | 259.0 |  |  | $ | (0.9 | ) |  | $ | 125.8 |  |  | $ | 124.2 |  |  | $ | 1.6 |  |  | $ | (1,411.4 | ) |  | $ | (1,410.3 | ) |  | $ | (1.1 | )
Net earnings (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic - continuing operations |  | $ | 1.22 |  |  | $ | 1.22 |  |  | $ | — |  |  | $ | 0.49 |  |  | $ | 0.48 |  |  | $ | 0.01 |  |  | $ | (8.40 | ) |  | $ | (8.39 | ) |  | $ | (0.01 | )
Diluted - continuing operations |  | $ | 1.20 |  |  | $ | 1.20 |  |  | $ | — |  |  | $ | 0.44 |  |  | $ | 0.44 |  |  | $ | — |  |  | $ | (8.40 | ) |  | $ | (8.39 | ) |  | $ | (0.01 | )
Consolidated Statements of Comprehensive Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) available to common shareholders |  | $ | 258.1 |  |  | $ | 259.0 |  |  | $ | (0.9 | ) |  | $ | 125.8 |  |  | $ | 124.2 |  |  | $ | 1.6 |  |  | $ | (1,411.4 | ) |  | $ | (1,410.3 | ) |  | $ | (1.1 | )
Comprehensive income (loss), net of taxes |  | $ | (78.3 | ) |  | $ | (77.4 | ) |  | $ | (0.9 | ) |  | $ | 13.3 |  |  | $ | 11.7 |  |  | $ | 1.6 |  |  | $ | (1,431.2 | ) |  | $ | (1,430.1 | ) |  | $ | (1.1 | )
Consolidated Statements of Cash Flows: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities from continuing operations |  | $ | (201.9 | ) |  | $ | (201.9 | ) |  | $ | — |  |  | $ | 624.8 |  |  | $ | 624.8 |  |  | $ | — |  |  | $ | 394.2 |  |  | $ | 394.2 |  |  | $ | — |
Net earnings (loss) available to common stockholders from continuing operations |  |  | 258.1 |  |  |  | 259.0 |  |  |  | (0.9 | ) |  |  | 95.3 |  |  |  | 93.7 |  |  |  | 1.6 |  |  |  | (1,619.0 | ) |  | $ | (1,617.9 | ) |  |  | (1.1 | )
Inventories |  |  | (48.6 | ) |  |  | (50.1 | ) |  |  | 1.5 |  |  |  | 22.0 |  |  |  | 24.5 |  |  |  | (2.5 | ) |  |  | 35.2 |  |  |  | 33.4 |  |  |  | 1.8 |
Deferred taxes, net |  | $ | 136.1 |  |  | $ | 136.7 |  |  | $ | (0.6 | ) |  | $ | 7.9 |  |  | $ | 7.0 |  |  | $ | 0.9 |  |  | $ | (319.3 | ) |  | $ | (318.6 | ) |  | $ | (0.7 | )
Consolidated Balance Sheets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  | $ | 707.6 |  |  | $ | 667.3 |  |  | $ | 40.3 |  |  | $ | 730.2 |  |  | $ | 688.4 |  |  | $ | 41.8 |  |  |  |  |  |  |  |  |  |  |  |  |
Non-current deferred tax liability |  |  | 161.5 |  |  |  | 146.1 |  |  |  | 15.4 |  |  |  | 294.6 |  |  |  | 278.6 |  |  |  | 16.0 |  |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 448.5 |  |  | $ | 423.6 |  |  | $ | 24.9 |  |  | $ | 302.2 |  |  | $ | 276.4 |  |  | $ | 25.8 |  |  | $ | 279.0 |  |  | $ | 254.8 |  |  | $ | 24.2 |

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