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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following is a summary of the quarterly results of operations for the years ended December 31, 2019 and 2018, respectively:
(In millions, except per share data)
 
 
 
 
 
 
 
 
 
 
2019
 
March 31
 
June 30
 
September 30
 
December 31
 
Full Year
Net sales
 
$
1,119.3

 
$
1,157.5

 
$
1,107.0

 
$
1,098.4

 
$
4,482.2

Cost of goods sold
 
751.3

 
748.4

 
707.4

 
710.8

 
2,917.9

Income from operations
 
98.6

 
157.9

 
123.0

 
108.7

 
488.2

Net income
 
44.1

 
99.9

 
66.4

 
42.2

 
252.6

Net income attributable to controlling interests
 
43.4

 
98.4

 
65.5

 
41.7

 
249.0

Basic net income per share
 
$
0.19

 
$
0.42

 
$
0.28

 
$
0.18

 
$
1.06

Diluted net income per share
 
$
0.18

 
$
0.42

 
$
0.28

 
$
0.18

 
$
1.06

 
 
 
 
 
 
 
 
 
 
 
2018
 
March 31
 
June 30
 
September 30(1)
 
December 31
 
Full Year
Net sales
 
$
1,172.0

 
$
1,212.2

 
$
1,146.0

 
$
1,165.8

 
$
4,696.0

Cost of goods sold
 
776.0

 
793.8

 
759.1

 
777.4

 
3,106.3

Income from operations
 
120.0

 
146.5

 
47.8

 
127.8

 
442.1

Net income (loss)
 
71.0

 
77.1

 
(11.6
)
 
76.8

 
213.3

Net income (loss) attributable to controlling interests
 
69.9

 
74.9

 
(13.1
)
 
75.4

 
207.1

Basic net income (loss) per share
 
$
0.29

 
$
0.31

 
$
(0.05
)
 
$
0.32

 
$
0.87

Diluted net income (loss) per share
 
$
0.28

 
$
0.31

 
$
(0.05
)
 
$
0.32

 
$
0.85

(1)
During the three months ended September 30, 2018, the Company announced the closure of the Mechelen, Belgium manufacturing facility and recorded severance costs of $70.6 million. See further discussion in Note 5.