XML 96 R3.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues $ 505.7 $ 507.3 $ 1,418.3 $ 1,411.9
Cost of products sold 349.8 346.5 970.8 961.2
Gross profit 155.9 160.8 447.5 450.7
Operating costs and expenses:        
Selling, general and administrative expenses 96.4 92.8 287.8 294.6
Amortization of intangibles 8.6 9.4 26.8 27.2
Restructuring charges 2.1 1.1 4.8 7.9
Total operating costs and expenses 107.1 103.3 319.4 329.7
Operating income [1] 48.8 57.5 128.1 121.0
Non-operating expense (income):        
Interest expense 11.5 11.6 33.6 30.9
Interest income (0.7) (1.1) (2.9) (3.5)
Non-operating pension income (1.3) (2.6) (4.1) (7.1)
Other (income) expense, net (0.9) 0.6 0.1 1.6
Income before income tax 40.2 49.0 101.4 99.1
Income tax expense 12.2 13.4 38.1 27.4
Net income $ 28.0 $ 35.6 $ 63.3 $ 71.7
Basic income per share:        
Basic income per share $ 0.29 $ 0.34 $ 0.63 $ 0.68
Diluted income per share:        
Diluted income per share $ 0.28 $ 0.34 $ 0.62 $ 0.66
Weighted average number of shares outstanding:        
Basic 97.6 103.8 100.4 105.6
Diluted 98.9 105.9 101.9 107.9
[1]
Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less selling, general and administrative expenses; iv) less amortization of intangibles; and v) less restructuring charges.