XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 1,088.5 $ 1,063.6 $ 2,096.3 $ 2,020.8
Other revenue 6.1 7.0 12.0 13.0
Total revenue 1,094.6 1,070.6 2,108.3 2,033.8
Cost of goods sold 690.0 649.0 1,331.1 1,255.4
Selling, general and administrative expenses 246.1 237.7 471.4 456.8
Venezuela deconsolidation charge 70.9 0.0 70.9 0.0
Research and development expenses 16.4 14.1 32.0 26.7
Amortization of acquired intangibles 23.8 20.3 45.5 40.5
Income from operations 47.4 149.5 157.4 254.4
Interest expense, net 35.6 47.8 71.4 97.9
Other expense, net 21.2 32.8 19.6 40.8
Income (loss) before income taxes (9.4) 68.9 66.4 115.7
Provision for income taxes 9.5 16.6 19.4 30.6
Net income (loss) (18.9) 52.3 47.0 85.1
Less: Net income attributable to noncontrolling interests 1.9 1.6 3.7 2.5
Net income (loss) attributable to controlling interests $ (20.8) $ 50.7 $ 43.3 $ 82.6
Basic net income (loss) per share (dollars per share) $ (0.09) $ 0.21 $ 0.18 $ 0.35
Diluted net income (loss) per share (dollars per share) $ (0.09) $ 0.21 $ 0.18 $ 0.34
Basic weighted average shares outstanding (in shares) 240.9 237.7 240.4 237.4
Diluted weighted average shares outstanding (in shares) 240.9 244.3 246.5 243.8