XML 65 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Income Statements (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Consolidated Income Statements [Abstract]    
Revenues$ 1,389.7$ 1,240.7$ 4,036.3$ 3,806.0
Cost of sales931.2821.62,682.02,537.7
Selling and administrative expenses269.2236.7779.8737.1
Equity in (income) of Apex Tool Group, LLC(16.0)(10.5)(44.9)(10.5)
Loss related to contribution of net assets to Apex Tool Group, LLC   134.5
Restructuring charges 1.5 8.0
Operating earnings205.3191.4619.4399.2
Interest expense, net16.412.349.836.2
Income from continuing operations before income taxes188.9179.1569.6363.0
Income tax expense28.737.492.261.1
Income from continuing operations160.2141.7477.4301.9
Income related to discontinued operations, net of income taxes  190.3 
Net income$ 160.2$ 141.7$ 667.7$ 301.9
Basic:    
Income from continuing operations$ 0.99$ 0.86$ 2.91$ 1.81
Income from discontinued operations  $ 1.16 
Net income$ 0.99$ 0.86$ 4.07$ 1.81
Diluted:    
Income from continuing operations$ 0.98$ 0.85$ 2.87$ 1.79
Income from discontinued operations  $ 1.14 
Net income$ 0.98$ 0.85$ 4.01$ 1.79
Cash dividends declared per common share$ 0.29$ 0.27$ 0.87$ 0.81