XML 31 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Revenues $ 419.4 $ 470.5 $ 1,259.6 $ 1,453.6
Cost of goods sold 263.0 279.5 824.3 864.6
Gross profit 156.4 191.0 435.3 589.0
Selling, general and administrative expenses 68.1 74.2 211.1 223.7
Research and development expenses 15.6 14.9 49.3 48.2
Costs related to legacy matters 30.6 3.7 36.1 52.1
Equity in earnings of unconsolidated affiliate (1.3) (3.8) (5.9) (13.9)
Restructuring and repositioning expenses 2.4 3.4 29.0 12.1
Gain (Loss) on Extinguishment of Debt (39.4) 0.0 (39.4) 0.0
Interest and Debt Expense Excluding Loss on Debt Extinguishment 19.8 18.6 57.3 58.2
Other (income) expense, net 5.3 (1.1) (12.1) (3.2)
Total costs and expenses 179.9 109.9 404.2 377.2
Income (loss) before income taxes (23.5) 81.1 31.1 211.8
(Provision for) benefit from income taxes 30.2 (27.3) 8.1 (57.0)
Net income (loss) 6.7 53.8 39.2 154.8
Less: Net (income) loss attributable to noncontrolling interests 0.3 (0.1) 2.5 (0.2)
Net income (loss) attributable to W. R. Grace & Co. shareholders $ 7.0 $ 53.7 $ 41.7 $ 154.6
Basic earnings per share:        
Net income (loss) (in dollars per share) $ 0.11 $ 0.81 $ 0.63 $ 2.31
Weighted average number of basic shares (in shares) 66.2 66.7 66.3 66.8
Diluted earnings per share:        
Net income (loss) (in dollars per shares) $ 0.11 $ 0.80 $ 0.63 $ 2.31
Weighted average number of diluted shares (in shares) 66.2 66.8 66.3 66.9
Dividends per common share (in dollars per shares) $ 0.30 $ 0.27 $ 0.90 $ 0.81