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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 3,051.5 $ 3,243.0 $ 3,060.7
Cost of goods sold 1,884.0 2,050.6 1,918.6
Gross profit 1,167.5 1,192.4 1,142.1
Selling, general and administrative expenses 574.2 664.0 505.7
Research and development expenses 69.6 79.5 65.2
Interest expense and related financing costs 100.1 61.5 43.8
Interest accretion on deferred payment obligations 0.8 65.7 0.0
Repositioning expenses 64.3 0.0 0.0
Loss in Venezuela 59.6 1.0 8.5
Equity in earnings of unconsolidated affiliate (20.4) (19.7) (22.9)
Asbestos and bankruptcy-related charges, net (8.7) 7.1 21.9
Chapter 11 expenses, net 5.1 11.0 15.3
Gain on termination and curtailment of postretirement plans 4.5 39.5 0.0
Default interest settlement 0.0 0.0 129.0
Other expense, net (17.8) (27.5) (15.0)
Total costs and expenses 857.9 858.1 781.5
Income before income taxes 309.6 334.3 360.6
Provision for income taxes (164.7) (57.0) (102.9)
Net income 144.9 277.3 257.7
Less: Net income attributable to noncontrolling interests (0.7) (1.0) (1.6)
Net income attributable to W. R. Grace & Co. shareholders $ 144.2 $ 276.3 $ 256.1
Basic earnings per share:      
Net income attributable to W. R. Grace & Co. shareholders $ 2.00 $ 3.67 $ 3.35
Weighted average number of basic shares 72.0 75.3 76.4
Diluted earnings per share:      
Net income attributable to W. R. Grace & Co. shareholders $ 1.99 $ 3.63 $ 3.30
Weighted average number of diluted shares 72.6 76.2 77.7