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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues $ 3,634.1 $ 3,807.2 $ 3,883.9
Cost of goods sold 2,594.0 2,727.4 2,772.7
Gross profit 1,040.1 1,079.8 1,111.2
Operating expenses:      
Selling, general and administrative expenses 555.9 585.9 608.2
Losses (gains) and other expenses, net 7.4 8.3 13.4
Restructuring charges 10.8 10.3 3.0
Goodwill, Impairment Loss     11.5
Gain (Loss) on Disposition of Business and Related Property 0.0 10.6 27.0
Loss(gain) from natural disaster, net of Insurance recoveries 3.1 (178.8) (38.3)
Income (Loss) from Equity Method Investments (15.6) (13.4) (12.0)
Operating income 478.5 656.9 509.9
Interest expense, net 28.3 47.5 38.3
Other expense (income), net 4.4 2.3 3.3
Income from continuing operations before income taxes 445.2 507.9 467.9
Provision for income taxes 88.1 99.1 107.6
Income from continuing operations 357.1 408.8 360.3
Discontinued operations:      
(Loss) income from discontinued operations before income taxes (1.5) (0.1) 0.8
Income tax (benefit) expense (0.7) 0.0 2.1
Loss from discontinued operations (0.8) (0.1) (1.3)
Net income $ 356.3 $ 408.7 $ 359.0
Earnings per share – Basic:      
Income from continuing operations (in usd per share) $ 9.32 $ 10.49 $ 8.87
Loss from discontinued operations (in usd per share) (0.02) 0 (0.03)
Net income (in usd per share) 9.30 10.49 8.84
Earnings per share – Diluted:      
Income from continuing operations (in usd per share) 9.26 10.38 8.77
Loss from discontinued operations (in usd per share) (0.02) 0 (0.03)
Net income (in usd per share) $ 9.24 $ 10.38 $ 8.74
Average shares outstanding:      
Basic (in shares) 38.3 39.0 40.6
Diluted (in shares) 38.6 39.4 41.1
Cash dividends declared per share (in usd per share) $ 3.08 $ 2.95 $ 2.43
non-cash pension settlement loss $ 0.6 $ 99.2 $ 0.4