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CONDENSED CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales $ 1,241.6 $ 1,297.1 $ 2,479.4 $ 2,552.1
Cost of products sold 995.9 1,045.3 2,019.1 2,058.5
Gross profit 245.7 251.8 460.3 493.6
Operating expenses:        
Selling, general and administrative expenses 119.8 132.1 242.5 262.7
Research and development 12.6 11.7 25.7 23.0
Facility consolidation and other costs 0 20.9 0 30.2
Other operating (income) expense, net (2.5) (3.2) (2.9) (4.7)
Operating income 115.8 90.3 195.0 182.4
Interest expense 17.0 17.0 33.9 33.6
Other non-operating (income) expense, net (1.5) (7.2) (14.1) (3.1)
Income before income taxes 100.3 80.5 175.2 151.9
Provision for income taxes 34.5 27.4 60.2 49.5
Net income $ 65.8 $ 53.1 $ 115.0 $ 102.4
Basic earnings per share (in dollars per share) $ 0.66 $ 0.51 $ 1.14 $ 0.99
Diluted earnings per share (in dollars per share) $ 0.65 $ 0.51 $ 1.13 $ 0.98
Cash dividends paid per share (in dollars per share) $ 0.27 $ 0.26 $ 0.54 $ 0.52