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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 776.6 $ 864.2 $ 2,357.7 $ 2,386.3
Cost of goods sold 491.8 547.8 1,491.7 1,512.9
Gross profit 284.8 316.4 866.0 873.4
Selling, general and administrative expenses 130.8 148.2 401.2 424.0
Restructuring expenses and related asset impairments 1.1 0.1 6.4 1.0
Research and development expenses 15.4 16.8 47.9 49.1
Defined benefit pension expense 17.6 15.9 53.2 47.5
Interest expense and related financing costs 11.5 11.1 34.1 32.5
Provision for environmental remediation 0.6 1.1 1.8 1.6
Chapter 11 expenses, net of interest income 4.4 4.4 12.6 16.9
Libby medical program settlement 0.1   19.6  
Equity in earnings of unconsolidated affiliate (4.9) (5.5) (13.8) (13.2)
Other (income) expense, net (3.2) 2.7 (6.0) 0.8
Total costs and expenses 173.4 194.8 557.0 560.2
Income before income taxes 111.4 121.6 309.0 313.2
Provision for income taxes (35.4) (40.4) (102.0) (102.5)
Net income 76.0 81.2 207.0 210.7
Less: Net loss (income) attributable to noncontrolling interests (0.5) 0.1 (1.3) 0.6
Net income attributable to W. R. Grace & Co. shareholders $ 75.5 $ 81.3 $ 205.7 $ 211.3
Basic earnings per share:        
Net income attributable to W. R. Grace & Co. shareholders (in dollars per share) $ 1.01 $ 1.10 $ 2.75 $ 2.87
Weighted average number of basic shares (in shares) 75.0 73.7 74.7 73.5
Diluted earnings per share:        
Net income attributable to W. R. Grace & Co. shareholders (in dollars per share) $ 0.99 $ 1.07 $ 2.70 $ 2.80
Weighted average number of diluted shares (in shares) 76.4 75.7 76.2 75.5