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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 1,052.3 $ 1,010.0 $ 2,947.9 $ 2,744.4
Cost of goods sold 738.6 699.7 2,082.4 1,935.5
Gross profit 313.7 310.3 865.5 808.9
Operating Expenses:        
Selling, general and administrative expenses 158.7 156.5 479.6 456.2
Losses and other expenses, net 3.0 0.7 8.5 5.5
Restructuring charges 1.9 0.6 2.1 1.2
Income from equity method investments (4.5) (4.4) (15.5) (15.3)
Operating income 154.6 156.9 390.8 361.3
Interest expense, net 7.6 7.0 23.3 19.6
Other income, net 0.0 0.0 (0.2) (0.2)
Income from continuing operations before income taxes 147.0 149.9 367.7 341.9
Provision for income taxes 43.0 48.2 103.8 104.0
Income from continuing operations 104.0 101.7 263.9 237.9
Discontinued Operations:        
Loss from discontinued operations before income taxes (0.8) 0.0 (2.3) (0.9)
Benefit from income taxes (0.3) 0.0 (0.9) (0.3)
Loss from discontinued operations (0.5) 0.0 (1.4) (0.6)
Net income $ 103.5 $ 101.7 $ 262.5 $ 237.3
Earnings per share – Basic:        
Income from continuing operations (in dollars per share) $ 2.48 $ 2.35 $ 6.23 $ 5.46
Loss from discontinued operations (in dollars per share) (0.01) 0.00 (0.03) (0.01)
Net income (in dollars per share) 2.47 2.35 6.20 5.45
Earnings per share – Diluted:        
Income from continuing operations (in dollars per share) 2.45 2.33 6.15 5.39
Loss from discontinued operations (in dollars per share) (0.01) 0.00 (0.03) (0.01)
Net income (in dollars per share) $ 2.44 $ 2.33 $ 6.12 $ 5.38
Average shares outstanding:        
Weighted Average Number of Shares Outstanding - Basic 41.9 43.2 42.3 43.6
Weighted Average Number of Shares Outstanding - Diluted 42.4 43.7 42.9 44.2
Cash dividends declared per share $ 0.51 $ 0.43 $ 1.45 $ 1.22