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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 1,655.2 $ 1,955.7 $ 1,941.2
Cost of products sold 1,162.8 1,322.2 1,313.4
Gross profit 492.4 633.5 627.8
Operating costs and expenses:      
Selling, general and administrative expenses 336.3 389.9 392.4
Amortization of intangibles 32.8 35.4 36.7
Restructuring charges 10.9 12.0 11.7
Total operating costs and expenses 380.0 437.3 440.8
Operating income [1] 112.4 196.2 187.0
Non-operating expense (income):      
Interest expense 38.8 43.2 41.2
Interest income (1.0) (3.2) (4.4)
Non-operating pension income (5.6) (5.5) (9.3)
Other expense (income), net 1.6 (1.8) 1.6
Income before income tax 78.6 163.5 157.9
Income tax expense 16.6 56.7 51.2
Net income $ 62.0 $ 106.8 $ 106.7
Basic income per share:      
Basic income per share $ 0.65 $ 1.07 $ 1.02
Diluted income per share:      
Diluted income per share $ 0.65 $ 1.06 $ 1.00
Weighted average number of shares outstanding:      
Basic 94.9 99.5 104.8
Diluted 96.1 101.0 107.0
[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.