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Consolidated Statements of Operations (unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 838.0 $ 802.8 $ 1,582.5 $ 1,512.7
Cost of goods sold 517.1 501.9 992.4 952.8
Gross profit 320.9 300.9 590.1 559.9
Selling, general and administrative expenses 144.0 142.1 280.8 275.4
Research and development expenses 20.3 16.6 40.8 33.5
Interest expense and related financing costs 11.1 10.9 22.3 21.4
Interest accretion on deferred payment obligations 13.6 0 21.8 0
Gain on termination of postretirement plans (7.9) 0 (7.9) 0
Chapter 11 expenses, net of interest income 3.0 3.3 9.1 8.1
Equity in earnings of unconsolidated affiliate (3.1) (9.2) (6.8) (14.3)
Other expense, net 10.9 3.9 20.9 11.8
Total costs and expenses 191.9 167.6 381.0 335.9
Income before income taxes 129.0 133.3 209.1 224.0
Benefit from (provision for) income taxes 7.7 (42.5) (22.1) (73.8)
Net income 136.7 90.8 187.0 150.2
Less: Net income attributable to noncontrolling interests (0.5) (0.5) (0.7) (0.8)
Net income attributable to W. R. Grace & Co. shareholders $ 136.2 $ 90.3 $ 186.3 $ 149.4
Basic earnings per share:        
Net income attributable to W. R. Grace & Co. shareholders (in dollars per share) $ 1.79 $ 1.18 $ 2.44 $ 1.97
Weighted average number of basic shares 75.9 76.3 76.5 76.0
Diluted earnings per share:        
Net income attributable to W. R. Grace & Co. shareholders (in dollars per share) $ 1.77 $ 1.16 $ 2.40 $ 1.93
Weighted average number of diluted shares 76.8 77.6 77.5 77.4