XML 92 R82.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Statements (Statements of Operations and Comprehensive Income) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Condensed Consolidating Statements of Operations        
Net sales $ 1,175.4 $ 1,102.1 $ 2,010.2 $ 1,895.6
Cost of goods sold 813.8 761.3 1,425.5 1,343.8
Gross profit 361.6 340.8 584.7 551.8
Operating Expenses:        
Selling, general and administrative expenses 161.4 168.5 316.6 320.9
Losses and other expenses, net 0.2 2.3 7.5 5.4
Restructuring charges 0.5 0.1 1.3 0.2
(Gain) loss, net on sale of business and related property (22.1) 0.0 (11.8) 0.0
Loss on assets held for sale 31.4 0.0 31.4 0.0
Income from equity method investments (4.9) (5.5) (8.4) (10.9)
Operating income 195.1 175.4 248.1 236.2
Interest expense, net 9.8 8.2 18.2 15.7
Other expense, net 0.8 (0.1) 1.4 (0.1)
Income from continuing operations before income taxes 184.5 167.3 228.5 220.6
Income tax benefit 45.3 50.9 51.4 60.7
Income from continuing operations 139.2 116.4 177.1 159.9
Loss from discontinued operations (1.6) (0.9) (1.6) (0.9)
Net income 137.6 115.5 175.5 159.0
Other comprehensive income (loss), net of tax 0.3 10.1 (23.6) 28.6
Comprehensive income 137.9 125.6 151.9 187.6
Eliminations [Member]        
Condensed Consolidating Statements of Operations        
Net sales (186.2) (177.5) (346.7) (329.1)
Cost of goods sold (186.5) (175.9) (344.7) (324.3)
Gross profit 0.3 (1.6) (2.0) (4.8)
Operating Expenses:        
Selling, general and administrative expenses (0.3) (0.2) (0.5) (0.4)
Losses and other expenses, net (0.1) (0.1) (0.2) (0.1)
Restructuring charges 0.0 0.0 0.0 0.0
(Gain) loss, net on sale of business and related property 0.0   0.0  
Loss on assets held for sale 0.0   0.0  
Income from equity method investments 155.5 137.1 200.3 197.8
Operating income (154.8) (138.4) (201.6) (202.1)
Interest expense, net 0.0 0.0 0.0 0.0
Other expense, net 0.0 0.0 0.0 0.0
Income from continuing operations before income taxes (154.8) (138.4) (201.6) (202.1)
Income tax benefit (0.1) (0.2) 0.2 (1.0)
Income from continuing operations (154.7) (138.2) (201.8) (201.1)
Loss from discontinued operations 0.0 0.0 0.0 0.0
Net income (154.7) (138.2) (201.8) (201.1)
Other comprehensive income (loss), net of tax 0.0 1.1 0.0 109.5
Comprehensive income (154.7) (137.1) (201.8) (91.6)
Parent [Member]        
Condensed Consolidating Statements of Operations        
Net sales 0.0 0.0 0.0 0.0
Cost of goods sold 0.0 0.0 0.0 0.0
Gross profit 0.0 0.0 0.0 0.0
Operating Expenses:        
Selling, general and administrative expenses 0.0 0.0 0.0 0.0
Losses and other expenses, net 0.3 0.3 1.4 0.9
Restructuring charges 0.0 0.0 0.0 0.0
(Gain) loss, net on sale of business and related property 0.0   0.0  
Loss on assets held for sale 0.0   0.0  
Income from equity method investments (139.6) (120.6) (180.2) (169.3)
Operating income 139.3 120.3 178.8 168.4
Interest expense, net 2.4 7.4 4.8 14.7
Other expense, net 0.0 0.0 0.0 0.0
Income from continuing operations before income taxes 136.9 112.9 174.0 153.7
Income tax benefit (0.7) (2.6) (1.5) (5.3)
Income from continuing operations 137.6 115.5 175.5 159.0
Loss from discontinued operations 0.0 0.0 0.0 0.0
Net income 137.6 115.5 175.5 159.0
Other comprehensive income (loss), net of tax (2.3) (1.5) (9.4) (72.8)
Comprehensive income 135.3 114.0 166.1 86.2
Guarantor Subsidiaries [Member]        
Condensed Consolidating Statements of Operations        
Net sales 1,057.8 968.7 1,774.1 1,655.0
Cost of goods sold 745.0 672.7 1,278.3 1,186.0
Gross profit 312.8 296.0 495.8 469.0
Operating Expenses:        
Selling, general and administrative expenses 151.0 147.9 284.7 278.5
Losses and other expenses, net (3.3) 1.9 0.7 3.8
Restructuring charges 0.0 0.0 0.7 0.1
(Gain) loss, net on sale of business and related property (0.9)   (0.9)  
Loss on assets held for sale 0.0   0.0  
Income from equity method investments (17.1) (17.5) (21.7) (30.1)
Operating income 183.1 163.7 232.3 216.7
Interest expense, net 5.2 (0.8) 9.3 (1.7)
Other expense, net 0.7 0.0 1.4 0.0
Income from continuing operations before income taxes 177.2 164.5 221.6 218.4
Income tax benefit 43.8 47.2 49.2 54.3
Income from continuing operations 133.4 117.3 172.4 164.1
Loss from discontinued operations 0.0 0.0 0.0 0.0
Net income 133.4 117.3 172.4 164.1
Other comprehensive income (loss), net of tax 11.9 0.3 (8.8) (29.1)
Comprehensive income 145.3 117.6 163.6 135.0
Non-Guarantor Subsidiaries [Member]        
Condensed Consolidating Statements of Operations        
Net sales 303.8 310.9 582.8 569.7
Cost of goods sold 255.3 264.5 491.9 482.1
Gross profit 48.5 46.4 90.9 87.6
Operating Expenses:        
Selling, general and administrative expenses 10.7 20.8 32.4 42.8
Losses and other expenses, net 3.3 0.2 5.6 0.8
Restructuring charges 0.5 0.1 0.6 0.1
(Gain) loss, net on sale of business and related property (21.2)   (10.9)  
Loss on assets held for sale 31.4   31.4  
Income from equity method investments (3.7) (4.5) (6.8) (9.3)
Operating income 27.5 29.8 38.6 53.2
Interest expense, net 2.2 1.6 4.1 2.7
Other expense, net 0.1 (0.1) 0.0 (0.1)
Income from continuing operations before income taxes 25.2 28.3 34.5 50.6
Income tax benefit 2.3 6.5 3.5 12.7
Income from continuing operations 22.9 21.8 31.0 37.9
Loss from discontinued operations (1.6) (0.9) (1.6) (0.9)
Net income 21.3 20.9 29.4 37.0
Other comprehensive income (loss), net of tax (9.3) 10.2 (5.4) 21.0
Comprehensive income $ 12.0 $ 31.1 $ 24.0 $ 58.0