XML 13 R3.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 416.9 $ 437.4 $ 1,223.9 $ 1,358.4
Cost of sales 336.3 349.7 959.4 1,051.9
Gross margin 80.6 87.7 264.5 306.5
Selling, general and administrative expense 55.6 56.9 161.8 172.5
Other operating income (expense):        
Currency transactions, net (2.9) 5.8 3.2 5.6
Other operating expense, net (2.8) (3.5) (10.1) (11.0)
Income from operations 19.3 33.1 95.8 128.6
Other income (expense):        
Interest and dividend income 0.1 1.4 1.5 5.2
Insurance settlement gain     1.5  
Marketable equity securities 0.4 (1.9) (1.3) (0.1)
Other components of net periodic pension and OPEB cost (5.0) (3.8) (14.4) (11.4)
Interest expense (4.9) (4.6) (14.1) (14.1)
Income before income taxes 9.9 24.2 69.0 108.2
Income tax expense 1.8 6.3 15.3 30.5
Net income $ 8.1 $ 17.9 $ 53.7 $ 77.7
Net income per basic and diluted share $ 0.07 $ 0.16 $ 0.46 $ 0.67
Weighted average shares used in the calculation of net income per share 115.5 115.7 115.6 115.8