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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 1,955.7 $ 1,941.2 $ 1,948.8
Cost of products sold 1,322.2 1,313.4 1,291.5
Gross profit 633.5 627.8 657.3
Operating costs and expenses:      
Selling, general and administrative expenses 389.9 392.4 415.5
Amortization of intangibles 35.4 36.7 35.6
Restructuring charges 12.0 11.7 21.7
Total operating costs and expenses 437.3 440.8 472.8
Operating income [1] 196.2 187.0 184.5
Non-operating expense (income):      
Interest expense 43.2 41.2 41.1
Interest income (3.2) (4.4) (5.8)
Non-operating pension income (5.5) (9.3) (8.5)
Other (income) expense, net (1.8) 1.6 (0.4)
Income before income tax 163.5 157.9 158.1
Income tax expense 56.7 51.2 26.4
Net income $ 106.8 $ 106.7 $ 131.7
Basic income per share:      
Basic income per share $ 1.07 $ 1.02 $ 1.22
Diluted income per share:      
Diluted income per share $ 1.06 $ 1.00 $ 1.19
Weighted average number of shares outstanding:      
Basic 99.5 104.8 108.1
Diluted 101.0 107.0 110.9
[1]
Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less SG&A expenses; iv) less amortization of intangibles; and v) less restructuring charges.