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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues $ 3,807.2 $ 3,883.9 $ 3,839.6
Cost of goods sold 2,727.4 2,772.7 2,714.4
Gross profit 1,079.8 1,111.2 1,125.2
Operating expenses:      
Selling, general and administrative expenses 585.9 608.2 637.7
Losses (gains) and other expenses, net 8.3 13.4 7.1
Restructuring charges 10.3 3.0 3.2
Pension settlement 99.2 0.4 0.0
Gain (Loss) on Disposition of Business and Related Property 10.6 27.0 1.1
Insurance proceeds for lost profits 99.2 27.4  
Loss(gain) from natural disaster, net of Insurance recoveries (178.8) (38.3) 0.0
Income from equity method investments (13.4) (12.0) (18.4)
Operating income 656.9 509.9 494.5
Interest expense, net 47.5 38.3 30.6
Other expense (income), net 2.3 3.3 (0.1)
Income from continuing operations before income taxes 507.9 467.9 464.0
Provision for income taxes 99.1 107.6 156.9
Income from continuing operations 408.8 360.3 307.1
Discontinued operations:      
(Loss) income from discontinued operations before income taxes (0.1) 0.8 (2.2)
Provision for (benefit from) income taxes 0.0 2.1 (0.8)
Loss from discontinued operations (0.1) (1.3) (1.4)
Net income $ 408.7 $ 359.0 $ 305.7
Earnings per share – Basic:      
Income from continuing operations (in usd per share) $ 10.49 $ 8.87 $ 7.28
Loss from discontinued operations (in usd per share) 0 (0.03) (0.03)
Net income (in usd per share) 10.49 8.84 7.25
Earnings per share – Diluted:      
Income from continuing operations (in usd per share) 10.38 8.77 7.17
Loss from discontinued operations (in usd per share) 0 (0.03) (0.03)
Net income (in usd per share) $ 10.38 $ 8.74 $ 7.14
Average shares outstanding:      
Basic (in shares) 39.0 40.6 42.2
Diluted (in shares) 39.4 41.1 42.8
Cash dividends declared per share (in usd per share) $ 2.95 $ 2.43 $ 1.96