XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,345.1 $ 1,381.8 $ 4,019.8 $ 4,111.4
Cost of sales 943.6 968.5 2,801.5 2,875.0
Gross profit 401.5 413.3 1,218.3 1,236.4
Selling, general and administrative expenses 187.1 181.8 563.8 582.6
Loss on disposal of businesses and property and equipment, net (5.4) (48.7) (5.8) (55.2)
Amortization expense of intangible assets 15.9 15.4 47.0 46.0
Restructuring charges (Note 12) 6.8 9.8 24.8 9.2
Operating profit 186.3 157.6 576.9 543.4
Interest expense, net (60.5) (70.1) (188.9) (196.6)
Other expense, net (Note 21) (6.4) (9.6) (14.0) (33.0)
Earnings before income tax provision 119.4 77.9 374.0 313.8
Income tax provision (Note 17) 30.7 20.3 104.1 99.4
Net earnings from continuing operations 88.7 57.6 269.9 214.4
Gain (Loss) on sale of discontinued operations, net of tax 3.0 (1.0) 2.1 3.2
Net earnings $ 91.7 $ 56.6 $ 272.0 $ 217.6
Basic:        
Continuing operations (in dollars per share) $ 0.61 $ 0.40 $ 1.86 $ 1.49
Discontinued operations (in dollars per share) 0.02 (0.01) 0.01 0.02
Net earnings per common share - basic (in dollars per share) 0.63 0.39 1.87 1.51
Diluted:        
Continuing operations (in dollars per share) 0.61 0.40 1.85 1.48
Discontinued operations (in dollars per share) 0.02 (0.01) 0.02 0.02
Net earnings per common share - diluted (n dollars per share) $ 0.63 $ 0.39 $ 1.87 $ 1.50
Weighted average number of common shares outstanding: (Note 22)        
Basic (in shares) 145.8 144.5 145.5 144.3
Diluted (in shares) 146.1 144.9 145.8 144.8