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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 419.2 $ 489.4 $ 1,288.4 $ 1,400.2
Operating expenses:        
Selling, general and administrative expense 91.8 97.7 269.6 293.1
Restructuring expense 7.1 1.3 11.2 11.5
Operating income 28.3 48.6 119.6 125.6
Pension expense, other than service cost 1.1 0.5 3.1 1.5
Interest expense, net 2.9 5.9 11.2 13.4
Income from continuing operations before income taxes 24.3 42.2 105.3 110.7
Income tax provision 7.1 8.7 26.6 23.5
Income from continuing operations 17.2 33.5 78.7 87.2
Loss from discontinued operations, net of taxes 0.0 0.0 0.0 0.3
Net income $ 17.2 $ 33.5 $ 78.7 $ 86.9
Basic earnings per share:        
Income from continuing operations (in dollars per share) $ 0.54 $ 1.05 $ 2.46 $ 2.74
Loss from discontinued operations (in dollars per share) 0 0 0 0.01
Net income (in dollars per share) 0.54 1.05 2.46 2.73
Diluted earnings per share:        
Income from continuing operations (in dollars per share) 0.54 1.04 2.45 2.72
Loss from discontinued operations (in dollars per share) 0 0 0 0.01
Net income (in dollars per share) $ 0.54 $ 1.04 $ 2.45 $ 2.71
Product        
Revenue $ 358.2 $ 418.8 $ 1,120.5 $ 1,207.8
Operating expenses:        
Cost of goods and services 248.9 290.2 767.3 830.0
Service        
Revenue 61.0 70.6 167.9 192.4
Operating expenses:        
Cost of goods and services $ 43.1 $ 51.6 $ 120.7 $ 140.0