XML 36 R27.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Net Earnings Per Common Share | 9 Months Ended
--- | ---
Sep. 30, 2017
Earnings Per Share [Abstract] |
Net Earnings Per Common Share | 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 September 30, |  | Nine Months Ended September 30,
(In millions, except per share amounts) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Basic Net Earnings Per Common Share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net earnings available to common stockholders |  | $ | 787.4 |  |  | $ | 163.3 |  |  | $ | 848.4 |  |  | $ | 315.3 |
Distributed and allocated undistributed net loss to non-vested restricted stockholders |  | (5.0 | ) |  | (1.2 | ) |  | (5.3 | ) |  | (2.2 | )
Distributed and allocated undistributed net earnings to common stockholders |  | 782.4 |  |  | 162.1 |  |  | 843.1 |  |  | 313.1 |
Distributed net (loss) earnings - dividends paid to common stockholders |  | (30.1 | ) |  | (31.3 | ) |  | (91.5 | ) |  | (88.0 | )
Allocation of undistributed net earnings to common stockholders |  | $ | 752.3 |  |  | $ | 130.8 |  |  | $ | 751.6 |  |  | $ | 225.1 |
Denominator |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding - basic |  | 186.9 |  |  | 194.1 |  |  | 190.9 |  |  | 195.0 |
Basic net earnings per common share: |  |  |  |  |  |  |  |
Distributed net earnings to common stockholders |  | $ | 0.16 |  |  | $ | 0.16 |  |  | $ | 0.48 |  |  | $ | 0.45 |
Allocated undistributed net earnings to common stockholders |  | 4.03 |  |  | 0.68 |  |  | 3.94 |  |  | 1.15 |
Basic net earnings per common share(1) |  | $ | 4.19 |  |  | $ | 0.84 |  |  | $ | 4.42 |  |  | $ | 1.60 |
Diluted Net Earnings Per Common Share: |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |
Distributed and allocated undistributed net earnings to common stockholders |  | $ | 782.4 |  |  | $ | 162.1 |  |  | $ | 843.1 |  |  | $ | 313.1 |
Add: Allocated undistributed net earnings to unvested restricted stockholders |  | 4.8 |  |  | 1.1 |  |  | 4.8 |  |  | 1.7 |
Less: Undistributed net earnings (loss) reallocated to non-vested restricted stockholders |  | (4.8 | ) |  | (1.1 | ) |  | (4.8 | ) |  | (1.7 | )
Net earnings available to common stockholders - diluted |  | $ | 782.4 |  |  | $ | 162.1 |  |  | $ | 843.1 |  |  | $ | 313.1 |
Denominator |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding - basic |  | 186.9 |  |  | 194.1 |  |  | 190.9 |  |  | 195.0 |
Effect of contingently issuable shares |  | 0.7 |  |  | 1.0 |  |  | 0.7 |  |  | 0.9 |
Effect of unvested restricted stock units |  | 0.7 |  |  | 0.9 |  |  | 0.7 |  |  | 0.9 |
Weighted average number of common shares outstanding - diluted under two-class |  | 188.3 |  |  | 196.0 |  |  | 192.3 |  |  | 196.8 |
Effect of unvested restricted stock - participating security |  | 0.6 |  |  | 0.7 |  |  | 0.6 |  |  | 0.7 |
Weighted average number of common shares outstanding - diluted under treasury stock |  | 188.9 |  |  | 196.7 |  |  | 192.9 |  |  | 197.5 |
Diluted net earnings per common share(1) |  | $ | 4.15 |  |  | $ | 0.83 |  |  | $ | 4.37 |  |  | $ | 1.59 |
(1) | For the nine months ended September 30, 2017, there was a revision to net earnings from discontinued operations, net of tax, on the Condensed Consolidated Statement of Operations related to depreciation and amortization on Diversey assets held for sale. Refer to the Condensed Consolidated Statement of Operations for further details.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration