XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 1,400.4 $ 1,406.7 $ 4,236.0 $ 4,002.3
Cost of sales 966.8 1,003.0 2,887.1 2,796.8
Gross profit 433.6 403.7 1,348.9 1,205.5
Selling, general and administrative expenses 196.3 190.3 600.5 571.2
Amortization expense of intangible assets 8.7 9.7 27.0 29.1
Restructuring charges (Note 12) 0.6 2.4 4.6 4.5
Operating profit 228.0 201.3 716.8 600.7
Interest expense, net (40.9) (42.4) (119.3) (127.6)
Other expense, net (Note 21) (3.1) (4.5) (47.4) (3.9)
Earnings before income tax provision 184.0 154.4 550.1 469.2
Income tax provision (Note 17) 51.4 46.6 153.5 147.0
Net earnings from continuing operations 132.6 107.8 396.6 322.2
Gain (Loss) on sale of discontinued operations, net of tax 1.6 (0.1) 0.7 3.7
Net earnings $ 134.2 $ 107.7 $ 397.3 $ 325.9
Basic:        
Continuing operations (in dollars per share) $ 0.91 $ 0.72 $ 2.71 $ 2.12
Discontinued operations (in dollars per share) 0.01 0 0.01 0.03
Net earnings per common share - basic (in dollars per share) 0.92 0.72 2.72 2.15
Diluted:        
Continuing operations (in dollars per share) 0.91 0.71 2.68 2.10
Discontinued operations (in dollars per share) 0.01 0 0.01 0.03
Net earnings per common share - diluted (n dollars per share) $ 0.92 $ 0.71 $ 2.69 $ 2.13
Weighted average number of common shares outstanding: (Note 22)        
Basic (in shares) 145.2 149.9 146.3 151.8
Diluted (in shares) 146.6 151.4 147.8 153.2