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Quarterly Summary and Statistical Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Summary and Statistical Information (Unaudited)
(In millions, except per share amounts)
March 31(1)
 
June 30(2)
 
September 30(3)
 
December 31
2013
 
 
 
 
 
 
 
Net sales
$
709.9

 
$
802.8

 
$
771.3

 
$
776.7

Gross profit
259.0

 
300.9

 
282.4

 
299.8

Net income
59.1

 
90.3

 
77.0

 
29.7

Net income per share:(4)
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
Net income
$
0.78

 
$
1.18

 
$
1.00

 
$
0.39

Diluted earnings per share:
 
 
 
 
 
 
 
Net income
0.77

 
1.16

 
0.99

 
0.38

Market price of common stock:(5)
 
 
 
 
 
 
 
High
$
79.14

 
$
85.43

 
$
89.80

 
$
101.72

Low
68.23

 
72.00

 
74.46

 
85.06

Close
77.51

 
84.04

 
87.40

 
98.87

_______________________________________________________________________________
(1)
The retrospective application of the change in method of accounting relating to our global defined benefit pension plans in fourth quarter 2013, resulted in first quarter 2013 decrease to Gross profit of $4.8 million, and increases to Net income of $6.2 million, Basic earnings per share of $0.08 and Diluted earnings per share of $0.08.
(2)
The retrospective application of the change in method of accounting relating to our global defined benefit pension plans in fourth quarter 2013, resulted in second quarter 2013 decrease to Gross profit of $2.4 million, and increases to Net income of $7.5 million, Basic earnings per share of $0.10 and Diluted earnings per share of $0.10.
(3)
The retrospective application of the change in method of accounting relating to our global defined benefit pension plans in fourth quarter 2013, resulted in third quarter 2013 decrease to Gross profit of $2.3 million, and increases to Net income of $7.6 million, Basic earnings per share of $0.10 and Diluted earnings per share of $0.10.
(4)
Per share results for the four quarters may differ from full-year per share results, as a separate computation of the weighted average number of shares outstanding is made for each quarter presented.
(5)
Principal market: New York Stock Exchange.
(In millions, except per share amounts)
March 31(1)
 
June 30(2)
 
September 30(3)
 
December 31(4)
2012
 
 
 
 
 
 
 
Net sales
$
754.4

 
$
826.7

 
$
776.6

 
$
797.8

Gross profit
272.5

 
301.4

 
282.2

 
258.3

Net income (loss)
66.8

 
75.4

 
82.1

 
(184.3
)
Net income per share:(5)
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
Net income (loss)
$
0.90

 
$
1.01

 
$
1.09

 
$
(2.44
)
Diluted earnings per share:
 
 
 
 
 
 
 
Net income (loss)
0.87

 
0.98

 
1.07

 
(2.44
)
Market price of common stock:(6)
 
 
 
 
 
 
 
High
$
58.89

 
$
61.08

 
$
61.58

 
$
68.86

Low
45.39

 
47.40

 
48.14

 
58.40

Close
57.80

 
50.45

 
59.08

 
67.23

_______________________________________________________________________________
(1)
The retrospective application of the change in method of accounting relating to our global defined benefit pension plans in fourth quarter 2013, resulted in first quarter 2012 decrease to Gross profit of $4.6 million, and increases to Net income of $5.9 million, Basic earnings per share of $0.08 and Diluted earnings per share of $0.08.
(2)
The retrospective application of the change in method of accounting relating to our global defined benefit pension plans in fourth quarter 2013, resulted in second quarter 2012 decrease to Gross profit of $2.7 million, and increases to Net income of $6.1 million, Basic earnings per share of $0.08 and Diluted earnings per share of $0.08.
(3)
The retrospective application of the change in method of accounting relating to our global defined benefit pension plans in fourth quarter 2013, resulted in third quarter 2012 decrease to Gross profit of $2.6 million, and increases to Net income of $6.6 million, Basic earnings per share of $0.09 and Diluted earnings per share of $0.09.
(4)
The retrospective application of the change in method of accounting relating to our global defined benefit pension plans in fourth quarter 2013, resulted in a fourth quarter 2012 decreases to Gross profit of $42.0 million,, Net income of $72.7 million, Basic earnings per share of $0.96 and Diluted earnings per share of $0.96.
(5)
Per share results for the four quarters may differ from full-year per share results, as a separate computation of the weighted average number of shares outstanding is made for each quarter presented.
(6)
Principal market: New York Stock Exchange.