XML 54 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Income Statement [Abstract]        
NET SALES $ 570.6us-gaap_SalesRevenueNet $ 566.3us-gaap_SalesRevenueNet $ 1,668.8us-gaap_SalesRevenueNet $ 1,568.4us-gaap_SalesRevenueNet
Cost of sales 494.8us-gaap_CostOfGoodsAndServicesSold 471.8us-gaap_CostOfGoodsAndServicesSold 1,438.9us-gaap_CostOfGoodsAndServicesSold 1,275.2us-gaap_CostOfGoodsAndServicesSold
Gross profit 75.8us-gaap_GrossProfit 94.5us-gaap_GrossProfit 229.9us-gaap_GrossProfit 293.2us-gaap_GrossProfit
Selling, general and administrative expenses 45.7us-gaap_SellingGeneralAndAdministrativeExpense 45.0us-gaap_SellingGeneralAndAdministrativeExpense 132.7us-gaap_SellingGeneralAndAdministrativeExpense 140.4us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring charges 25.3us-gaap_RestructuringCharges 0us-gaap_RestructuringCharges 25.3us-gaap_RestructuringCharges 0us-gaap_RestructuringCharges
Operating income 4.8us-gaap_OperatingIncomeLoss 49.5us-gaap_OperatingIncomeLoss 71.9us-gaap_OperatingIncomeLoss 152.8us-gaap_OperatingIncomeLoss
Interest expense, net (7.1)us-gaap_InterestExpense (2.7)us-gaap_InterestExpense (20.9)us-gaap_InterestExpense (10.8)us-gaap_InterestExpense
Other (expense) income, net 0us-gaap_OtherNonoperatingIncomeExpense (0.6)us-gaap_OtherNonoperatingIncomeExpense 4.8us-gaap_OtherNonoperatingIncomeExpense 0.1us-gaap_OtherNonoperatingIncomeExpense
(Loss) income before income taxes (2.3)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 46.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 55.8us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 142.1us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax (benefit) expense (0.9)us-gaap_IncomeTaxExpenseBenefit 15.6us-gaap_IncomeTaxExpenseBenefit 19.6us-gaap_IncomeTaxExpenseBenefit 47.4us-gaap_IncomeTaxExpenseBenefit
Net (loss) income $ (1.4)us-gaap_ProfitLoss $ 30.6us-gaap_ProfitLoss $ 36.2us-gaap_ProfitLoss $ 94.7us-gaap_ProfitLoss
(LOSS) EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ (0.03)us-gaap_EarningsPerShareBasic $ 0.57us-gaap_EarningsPerShareBasic $ 0.68us-gaap_EarningsPerShareBasic $ 1.77us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) $ (0.03)us-gaap_EarningsPerShareDiluted $ 0.57us-gaap_EarningsPerShareDiluted $ 0.68us-gaap_EarningsPerShareDiluted $ 1.76us-gaap_EarningsPerShareDiluted
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 52.6us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 53.3us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 53.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 53.2us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 52.6us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 53.7us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 53.3us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 53.6us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash dividends per common share (in dollars per share) $ 0.18us-gaap_CommonStockDividendsPerShareDeclared $ 0.18us-gaap_CommonStockDividendsPerShareDeclared $ 0.54us-gaap_CommonStockDividendsPerShareDeclared $ 0.54us-gaap_CommonStockDividendsPerShareDeclared