XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales        
Products $ 887.4 $ 910.4 $ 1,784.7 $ 1,840.7
Services 144.9 149.6 290.1 307.3
Total net sales 1,032.3 1,060.0 2,074.8 2,148.0
Cost of sales        
Products 721.1 748.6 1,425.1 1,508.8
Services 99.9 109.1 199.4 224.3
Total cost of sales 821.0 857.7 1,624.5 1,733.1
Operating expenses        
Selling, general and administrative expenses 113.0 110.4 232.0 220.1
Depreciation and amortization 77.6 83.4 155.7 164.7
Restructuring, impairment and transaction-related charges 7.4 34.3 36.3 44.4
Goodwill impairment 0.0 0.0 0.0 23.3
Total operating expenses 1,019.0 1,085.8 2,048.5 2,185.6
Operating income (loss) 13.3 (25.8) 26.3 (37.6)
Interest expense 18.6 21.6 39.3 44.1
Gain on debt extinguishment 0.0 0.0 (14.1) 0.0
Earnings (loss) before income taxes and equity in loss of unconsolidated entities (5.3) (47.4) 1.1 (81.7)
Income tax expense (benefit) 1.0 (3.8) 2.7 (4.8)
Loss before equity in loss of unconsolidated entities (6.3) (43.6) (1.6) (76.9)
Equity in loss of unconsolidated entities 1.4 1.5 2.3 3.4
Net loss $ (7.7) $ (45.1) $ (3.9) $ (80.3)
Loss per share        
Basic and diluted (in dollars per share) $ (0.16) $ (0.94) $ (0.08) $ (1.68)
Dividends declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60
Weighted average number of common shares outstanding        
Basic and diluted (in shares) 47.4 47.9 47.5 47.8