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Consolidated Statements of Operations (unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 856.4 $ 771.3 $ 2,438.9 $ 2,284.0
Cost of goods sold 528.6 488.9 1,521.0 1,441.7
Gross profit 327.8 282.4 917.9 842.3
Selling, general and administrative expenses 147.7 129.7 428.5 405.1
Research and development expenses 20.5 15.0 61.3 48.5
Interest expense and related financing costs 14.7 10.7 37.0 32.1
Interest accretion on deferred payment obligations 43.7 0 65.5 0
Gain on termination of postretirement plans (23.7) 0 (31.6) 0
Chapter 11 expenses, net of interest income 1.7 2.9 10.8 11.0
Equity in earnings of unconsolidated affiliate (6.4) (2.8) (13.2) (17.1)
Other expense, net 10.0 6.0 30.9 17.8
Total costs and expenses 208.2 161.5 589.2 497.4
Income before income taxes 119.6 120.9 328.7 344.9
Provision for income taxes (44.6) (43.6) (66.7) (117.4)
Net income 75.0 77.3 262.0 227.5
Less: Net income attributable to noncontrolling interests (0.5) (0.3) (1.2) (1.1)
Net income attributable to W. R. Grace & Co. shareholders $ 74.5 $ 77.0 $ 260.8 $ 226.4
Basic earnings per share:        
Net income attributable to W. R. Grace & Co. shareholders (in dollars per share) $ 1.00 $ 1.00 $ 3.44 $ 2.97
Weighted average number of basic shares 74.7 76.7 75.9 76.2
Diluted earnings per share:        
Net income attributable to W. R. Grace & Co. shareholders (in dollars per share) $ 0.99 $ 0.99 $ 3.40 $ 2.92
Weighted average number of diluted shares 75.6 77.9 76.8 77.6