v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 5,864.6 $ 5,658.2 $ 5,483.4
Cost of products sold 3,659.4 3,509.5 3,453.3
GROSS MARGIN 2,205.2 2,148.7 2,030.1
Selling, general and administrative expenses 1,515.3 1,447.8 1,354.8
Impairment charges 382.6 [1] 0 [1] 0 [1]
Restructuring Costs 50.1 [1] 77.4 [1] 100.0 [1]
OPERATING INCOME 257.2 623.5 575.3
Nonoperating expenses:      
Interest expense, net of interest income 86.2 118.4 140.0
Losses related to extinguishments of debt 4.8 218.6 4.7
Other expense (income), net 13.7 (7.3) 2.0
Net nonoperating expenses 104.7 329.7 146.7
INCOME BEFORE INCOME TAXES 152.5 293.8 428.6
Income tax expense 17.9 5.6 142.8
Income from continuing operations 134.6 288.2 285.8
(Loss) income from Discontinued Operations, Net of Tax (9.4) 4.6 (0.3)
NET INCOME $ 125.2 $ 292.8 $ 285.5
Weighted average shares outstanding:      
Basic 293.6 282.4 280.8
Diluted 296.2 305.4 294.4
Earnings per share:      
Income from Continuing Operations $ 0.46 $ 1.02 $ 1.02
(Loss) Income from Discontinued Operations $ (0.03) $ 0.02 $ 0.00
Net income $ 0.43 $ 1.04 $ 1.02
Income from Continuing Operations $ 0.45 $ 0.94 $ 0.97
(Loss) Income from Discontinued Operations $ (0.03) $ 0.02 $ 0.00
Net income $ 0.42 $ 0.96 $ 0.97
Dividends per share $ 0.29 $ 0.20 $ 0.26
[1] Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, impairment charges, and restructuring costs. Certain headquarters expenses of an operational nature are allocated to business segments and geographic areas primarily on a net sales basis. Depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization is included in segment operating income.