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Consolidated Statements Of Income (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Consolidated Statements Of Income [Abstract]    
Net sales$ 2,017.6$ 1,740.9$ 6,187.7$ 5,263.2
Cost of sales(1,606.4)(1,367.1)(4,888.9)(4,093.9)
Gross profit411.2373.81,298.81,169.3
Selling, general & administrative expenses(91.5)(76.0)(277.5)(238.9)
Research, development & engineering expenses, net(103.7)(88.6)(335.7)(273.9)
Amortization of intangibles(4.2)(4.9)(13.5)(13.8)
Other income (expense), net(6.9)(2.2)(7.0)(16.1)
Operating income204.9202.1665.1626.6
Equity in earnings of affiliates, net of tax2.01.75.23.7
Interest income1.40.93.42.5
Interest expense(16.2)(13.5)(47.1)(41.3)
Loss on extinguishment of debt0.1 (6.2)(12.1)
Other financial items, net0.4(1.6)(3.0)(4.7)
Income before income taxes192.6189.6617.4574.7
Income tax expense(53.5)(48.5)(150.1)(158.0)
Net income139.1141.1467.3416.7
Less net income attributable to non-controlling interests0.71.02.43.6
Net income attributable to controlling interest$ 138.4$ 140.1$ 464.9$ 413.1
Net earnings per share- basic$ 1.55$ 1.58$ 5.21$ 4.76
Net earnings per share- diluted$ 1.48$ 1.51$ 4.95$ 4.50
Weighted average number of shares outstanding, net of treasury shares (in millions)89.388.689.286.8
Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions)93.592.893.891.8
Number of shares outstanding, excluding dilution and net of treasury shares (in millions)89.388.789.388.7
Cash dividend per share - declared$ 0.45$ 0.35$ 1.33$ 0.65
Cash dividend per share - paid$ 0.45$ 0.30$ 1.28$ 0.30