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Net Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2015
Earnings Per Share [Abstract] |
Calculation of Basic and Diluted Net Earnings Per Common Share | The following table shows the calculation of basic and diluted net earnings per common share under the two-class method:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In millions, except per share amounts) |  | 2015 |  |  | 2014(1) |  |  | 2015 |  |  | 2014(1) |
Basic Net Earnings Per Common Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 86.6 |  |  | $ | 60.8 |  |  | $ | 211.9 |  |  | $ | 191.8 |
Distributed and allocated undistributed net loss to non- vested restricted stockholders |  |  | (0.6 | ) |  |  | (0.4 | ) |  |  | (1.5 | ) |  |  | (1.1 | )
Distributed and allocated undistributed net earnings to common stockholders |  |  | 86.0 |  |  |  | 60.4 |  |  |  | 210.4 |  |  |  | 190.7 |
Distributed net earnings - dividends paid to common stockholders |  |  | (26.1 | ) |  |  | (27.3 | ) |  |  | (80.6 | ) |  |  | (82.9 | )
Allocation of undistributed net earnings to common stockholders |  | $ | 59.9 |  |  | $ | 33.1 |  |  | $ | 129.8 |  |  | $ | 107.8 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding - basic |  |  | 202.9 |  |  |  | 210.4 |  |  |  | 206.7 |  |  |  | 210.2 |
Basic net earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Distributed net earnings to common stockholders |  | $ | 0.13 |  |  | $ | 0.13 |  |  | $ | 0.39 |  |  | $ | 0.39 |
Allocated undistributed net earnings to common stockholders |  |  | 0.30 |  |  |  | 0.16 |  |  |  | 0.63 |  |  |  | 0.52 |
Basic net earnings per common share: |  | $ | 0.43 |  |  | $ | 0.29 |  |  | $ | 1.02 |  |  | $ | 0.91 |
Diluted Net Earnings Per Common Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Distributed and allocated undistributed net earnings to common stockholders |  | $ | 86.0 |  |  | $ | 60.4 |  |  | $ | 210.4 |  |  | $ | 190.7 |
Add: Allocated undistributed net earnings to unvested restricted stockholders |  |  | 0.5 |  |  |  | 0.1 |  |  |  | 1.0 |  |  |  | 0.6 |
Less: Undistributed net earnings (loss) reallocated to non- vested restricted stockholders |  |  | (0.5 | ) |  |  | (0.1 | ) |  |  | (1.0 | ) |  |  | (0.6 | )
Net earnings available to common stockholders - diluted |  | $ | 86.0 |  |  | $ | 60.4 |  |  | $ | 210.4 |  |  | $ | 190.7 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding - basic |  |  | 202.9 |  |  |  | 210.4 |  |  |  | 206.7 |  |  |  | 210.2 |
Effect of assumed issuance of Settlement agreement shares (2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2.2 |
Effect of contingently issuable shares |  |  | 1.4 |  |  |  | 1.9 |  |  |  | 1.3 |  |  |  | 1.8 |
Effect of unvested restricted stock units |  |  | 0.7 |  |  |  | 0.5 |  |  |  | 0.7 |  |  |  | 0.4 |
Weighted average number of common shares outstanding - diluted under two-class |  |  | 205.0 |  |  |  | 212.8 |  |  |  | 208.7 |  |  |  | 214.6 |
Effect of unvested restricted stock - participating security |  |  | 0.8 |  |  |  | 0.7 |  |  |  | 0.8 |  |  |  | 0.7 |
Weighted average number of common shares outstanding - diluted under treasury stock |  |  | 205.8 |  |  |  | 213.5 |  |  |  | 209.5 |  |  |  | 215.3 |
Diluted net earnings per common share |  | $ | 0.42 |  |  | $ | 0.28 |  |  | $ | 1.01 |  |  | $ | 0.89 |
(1) | Certain amounts have been revised to reflect the retrospective application of the Company’s change in inventory costing method for certain U.S. inventories to the FIFO method from the LIFO method. See Note 1, “Organization and Basis of Presentation-Changes in Accounting/Retrospective Application” for additional details regarding this accounting policy change.
(2) | For 2014, the shares included above represent the weighted average number of shares from January 1, 2014 through February 3, 2014. The weighted average number of shares from February 4, 2014 through March 31, 2014 are included in the weighted average number of common shares outstanding-basic since they were issued on February 3, 2014 in connection with the Settlement agreement.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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