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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net sales [1] $ 1,712.1 $ 1,811.5
Cost of products sold 1,168.3 1,206.2
Gross profit 543.8 605.3
Selling, general and administrative expenses 517.9 626.3
Restructuring costs, net 10.9 5.4
Operating income (loss) [2] 15.0 (26.4)
Non-operating expenses:    
Interest expense, net 80.2 116.1
Other expense (income), net 23.3 (1.4)
Loss before income taxes (88.5) (141.1)
Income tax benefit (16.7) (86.4)
Loss from continuing operations (71.8) (54.7)
Income (loss) from discontinued operations, net of tax (79.4) 108.0
Net income (loss) $ (151.2) $ 53.3
Weighted average shares outstanding:    
Basic 423.0 486.0
Diluted 423.0 486.0
Basic:    
Loss from continuing operations $ (0.17) $ (0.11)
Income (loss) from discontinued operations (0.19) 0.22
Net income (loss) (0.36) 0.11
Diluted:    
Loss from continuing operations (0.17) (0.11)
Income (loss) from discontinued operations (0.19) 0.22
Net income (loss) $ (0.36) $ 0.11
[1] All intercompany transactions have been eliminated.
[2] Operating income (loss) by segment is net sales less cost of products sold, SG&A and impairment of goodwill, intangibles and other assets for continuing operations. Certain headquarters expenses of an operational nature are allocated to business segments primarily on a net sales basis. Corporate depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization are included in segment operating income.