XML 71 R55.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Summarized Quarterly Financial Information (Unaudited, in millions, except per share data) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Summarized Quarterly Financial Information (Unaudited, in millions, except per share data) |
|  | 2016 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
(In millions, except per share amounts) |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
Net sales |  | $ | 1,590.6 |  |  | $ | 1,727.0 |  |  | $ | 1,716.6 |  |  | $ | 1,744.1 |
Gross profit |  |  | 589.3 |  |  |  | 661.4 |  |  |  | 640.0 |  |  |  | 640.9 |
Net earnings available to common stockholders(1) |  |  | 102.4 |  |  |  | 49.6 |  |  |  | 163.3 |  |  |  | 171.1 |
Net earnings per common share - basic(1)(2) |  | $ | 0.51 |  |  | $ | 0.25 |  |  | $ | 0.84 |  |  | $ | 0.89 |
Net earnings per common share - diluted(1)(2) |  | $ | 0.51 |  |  | $ | 0.25 |  |  | $ | 0.83 |  |  | $ | 0.87 |
|  | 2015 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
(In millions, except per share amounts) |  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter(3) |
Net sales |  | $ | 1,746.4 |  |  | $ | 1,785.0 |  |  | $ | 1,746.2 |  |  | $ | 1,753.9 |
Gross profit |  |  | 649.6 |  |  |  | 663.8 |  |  |  | 636.6 |  |  |  | 636.6 |
Net earnings available to common stockholders |  |  | 97.2 |  |  |  | 28.1 |  |  |  | 86.6 |  |  |  | 123.5 |
Net earnings per common share - basic(2) |  | $ | 0.46 |  |  | $ | 0.13 |  |  | $ | 0.43 |  |  | $ | 0.63 |
Net earnings per common share - diluted(2) |  | $ | 0.46 |  |  | $ | 0.13 |  |  | $ | 0.42 |  |  | $ | 0.62 |
(1) | The Company early adopted ASU 2016-09 on a prospective basis, related to the recognition of excess tax benefits to the income statement which were previously recorded in additional paid-in capital, effective January 1, 2016. This resulted in an additional diluted weighted average number of common shares outstanding of 404,347, 456,352, 377,130 and 536,975 and recognition of excess tax benefits in the income tax provision of $10.6 million, zero, $1.8 million and $5.7 million for the three months ended March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, respectively. As a result, net earnings per common share increased by $0.05 per share, zero, $0.01 per share and $0.04 per share for three months ended March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, respectively. Refer to Note 2, “Recently Issued Accounting Standards” of the Notes to Consolidated Financial Statements for further details.
(2) | The sum of the quarterly per share amounts may not agree to the respective annual amounts due to rounding.
(3) | During the fourth quarter of 2015, adjustments were made to prior year provisions which resulted in an increase in earnings per share. Refer to Note 16 “Income Taxes” of the Notes to Consolidated Financial Statements for further information.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration