Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (unaudited)

22. Quarterly Financial Data (unaudited)

2017	Q1		Q2		Q3		Q4
Net sales	$	2,608.1	$	2,544.9	$	2,500.4	$	2,729.2
Gross profit		542.5		535.5		504.3		566.7
Income before taxes		194.4		190.2		132.5		(10.6	)
Net income		142.1		128.3		88.2		(55.6	)
Net income attributable to controlling interest		143.9		129.8		90.8		62.6
Earnings per share
– basic	$	1.63	$	1.48	$	1.04	$	0.72
– diluted	$	1.62	$	1.47	$	1.04	$	0.72
Dividends paid	$	0.58	$	0.60	$	0.60	$	0.60

2016	Q1		Q2		Q3		Q4
Net sales	$	2,430.0	$	2,578.5	$	2,461.3	$	2,603.8
Gross profit		501.0		526.5		495.3		534.2
Income before taxes		190.3		200.4		185.1		228.0
Net income		133.5		148.4		135.5		144.2
Net income attributable to controlling interest		133.2		148.4		137.8		147.7
Earnings per share
– basic	$	1.51	$	1.68	$	1.56	$	1.67
– diluted	$	1.51	$	1.68	$	1.56	$	1.67
Dividends paid	$	0.56	$	0.58	$	0.58	$	0.58

Quarterly movements

In the fourth quarter of 2017, income before taxes was negatively impacted by the Company recognizing an impairment charge of the full goodwill amount of $234.2 million related to the joint venture Autoliv Nissin Brake Systems (ANBS), which was due to a lower than originally anticipated sales development.  Net income attributable to controlling interest was primarily impacted by our share of the goodwill impairment charge as the majority holder of ANBS amounting to $100 million net of tax.