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CONDENSED CONSOLIDATED STATEMENT OF INCOME - Restructuring Plan by Name [Domain] - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 1,030.3 $ 1,097.6 $ 2,070.4 $ 2,192.6
Cost of products sold 809.1 878.6 1,631.7 1,762.7
Gross profit 221.2 219.0 438.7 429.9
Operating expenses:        
Selling, general and administrative expenses 103.9 104.4 210.3 211.0
Research and development 11.5 11.1 22.8 22.2
Restructuring costs 0.3 0.0 5.3 0.0
Other operating (income) expense, net (3.7) (3.1) (6.3) (5.2)
Operating income 109.2 106.6 206.6 201.9
Interest expense 12.8 17.0 25.9 33.9
Other non-operating (income) expense, net (2.2) (1.7) (4.0) (14.4)
Income from continuing operations before income taxes 98.6 91.3 184.7 182.4
Provision for income taxes 33.0 30.6 62.1 62.0
Income from continuing operations 65.6 60.7 122.6 120.4
Income (loss) from discontinued operations, net of tax 0.0 5.1 (2.6) (5.4)
Net income $ 65.6 $ 65.8 $ 120.0 $ 115.0
Income from continuing operations, per basic share $ 0.68 $ 0.61 $ 1.26 $ 1.19
Income (loss) from discontinued operations, per basic share 0.00 0.05 (0.03) (0.05)
Net income, per basic share 0.68 0.66 1.23 1.14
Income from continuing operations, per diluted share 0.67 0.60 1.25 1.18
Income (loss) from discontinued operations, per diluted share 0.00 0.05 (0.03) (0.05)
Net income, per diluted share 0.67 0.65 1.22 1.13
Cash dividends paid per share (in dollars per share) $ 0.28 $ 0.27 $ 0.56 $ 0.54