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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Sep. 26, 2015
Sep. 27, 2014
Net sales $ 521.0 $ 588.7 $ 1,691.7 $ 1,926.2
Cost of products sold 172.5 209.2 553.2 656.5
Gross margin 348.5 379.5 1,138.5 1,269.7
Delivery, sales and administrative expense 288.5 321.7 912.0 1,014.8
Re-engineering and impairment charges 0.3 2.6 18.0 [1] 8.3 [1]
Gains on disposal of assets 2.0 0.0 13.4 2.3
Operating income 61.7 55.2 221.9 248.9
Interest income 0.5 0.8 1.5 2.0
Interest expense 11.3 11.9 36.6 35.9
Other expense (income) 0.3 (3.8) 8.6 26.3
Income before income taxes 50.6 47.9 178.2 188.7
Provision for income taxes 14.4 15.6 50.5 56.6
Net income $ 36.2 $ 32.3 $ 127.7 $ 132.1
Earnings per share:        
Basic $ 0.72 $ 0.64 $ 2.56 $ 2.63
Diluted $ 0.72 $ 0.63 $ 2.54 $ 2.59
Weighted-average shares outstanding:        
Basic 49.9 50.2 49.8 50.2
Diluted 50.3 51.0 50.3 51.1
Dividends declared per common share $ 0.68 $ 0.68 $ 2.04 $ 2.04
[1] (a)See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.