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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 955.0 $ 898.4 $ 2,633.3 $ 2,554.6
Cost of goods sold 681.6 651.3 1,913.5 1,876.7
Gross profit 273.4 247.1 719.8 677.9
Operating Expenses:        
Selling, general and administrative expenses 143.8 140.9 430.0 425.5
Losses (gains) and other expenses, net 6.0 2.1 14.9 3.5
Restructuring charges (0.4) 1.0 1.8 1.3
Income from equity method investments (3.0) (3.5) (11.8) (12.0)
Operational income from continuing operations 127.0 106.6 284.9 259.6
Interest expense, net 5.7 4.0 17.9 11.0
Other expense (income), net (0.7) 0.0 (0.7) 0.0
Income from continuing operations before income taxes 122.0 102.6 267.7 248.6
Provision for income taxes 41.7 35.1 91.9 86.6
Income from continuing operations 80.3 67.5 175.8 162.0
Discontinued Operations:        
Loss from discontinued operations before income taxes 0.0 (0.2) (0.9) (1.3)
Benefit from income taxes 0.0 (0.1) (0.4) (0.5)
Loss from discontinued operations 0.0 (0.1) (0.5) (0.8)
Net income $ 80.3 $ 67.4 $ 175.3 $ 161.2
Earnings per share – Basic:        
Income from continuing operations (in dollars per share) $ 1.78 $ 1.40 $ 3.92 $ 3.33
Loss from discontinued operations (in dollars per share) 0.00 0.00 (0.01) (0.02)
Net income (in dollars per share) 1.78 1.40 3.91 3.31
Earnings per share – Diluted:        
Income from continuing operations (in dollars per share) 1.76 1.38 3.86 3.27
Loss from discontinued operations (in dollars per share) 0.00 0.00 (0.01) (0.01)
Net income (in dollars per share) $ 1.76 $ 1.38 $ 3.85 $ 3.26
Average shares outstanding:        
Weighted Average Number of Shares Outstanding - Basic 45.0 48.3 44.9 48.7
Weighted Average Number of Shares Outstanding - Diluted 45.6 49.0 45.6 49.5
Cash dividends declared per share $ 0.36 $ 0.30 $ 1.02 $ 0.84