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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 1,025.4 $ 1,004.0 $ 1,994.6 $ 1,973.1
Cost of goods sold 834.0 839.5 1,629.2 1,655.8
Gross profit 191.4 164.5 365.4 317.3
Selling, general and administrative expenses 79.9 70.6 155.5 139.1
Operating income 111.5 93.9 209.9 178.2
Interest expense (23.4) (24.8) (47.0) (49.9)
Investment income 1.5 0.6 2.1 1.4
Other income, net 2.1 1.8 3.1 4.2
Income before income taxes 91.7 71.5 168.1 133.9
Income tax expense 20.7 12.9 36.0 22.1
Net income $ 71.0 $ 58.6 $ 132.1 $ 111.8
Basic earnings per share $ 0.91 $ 0.75 $ 1.69 $ 1.44
Diluted earnings per share $ 0.90 $ 0.75 $ 1.68 $ 1.43