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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Oct. 02, 2015
Sep. 30, 2016
Oct. 02, 2015
Net sales $ 1,956.3 $ 1,489.2 $ 5,728.2 $ 4,354.7
Cost of goods sold 1,559.6 1,158.3 4,567.3 3,385.6
Gross profit 396.7 330.9 1,160.9 969.1
Operating expenses 309.4 252.7 956.6 767.1
Operating income 87.3 78.2 204.3 202.0
Other expense:        
Interest expense (19.8) (15.8) (59.7) (42.7)
Other, net (2.1) (5.5) (5.7) (13.0)
Income from continuing operations before income taxes 65.4 56.9 138.9 146.3
Income tax expense from continuing operations 25.1 21.5 54.6 54.9
Net income from continuing operations 40.3 35.4 84.3 91.4
Net income (loss) from discontinued operations 0.1 (2.9) (0.6) 31.6
Net income $ 40.4 $ 32.5 $ 83.7 $ 123.0
Basic:        
Continuing operations $ 1.21 $ 1.06 $ 2.53 $ 2.75
Discontinued operations 0.00 (0.09) (0.02) 0.95
Net income 1.21 0.97 2.51 3.70
Diluted:        
Continuing operations 1.20 1.06 2.52 2.73
Discontinued operations 0.01 (0.09) (0.02) 0.95
Net income $ 1.21 $ 0.97 $ 2.50 $ 3.68
Basic weighted-average common shares outstanding 33.4 33.3 33.4 33.2
Effect of dilutive securities:        
Stock options and units 0.2 0.1 0.1 0.2
Diluted weighted-average common shares outstanding 33.6 33.4 33.5 33.4
Net income $ 40.4 $ 32.5 $ 83.7 $ 123.0
Other comprehensive (loss) income:        
Foreign currency translation (9.3) (35.2) 3.9 (73.8)
Changes in unrealized pension cost, net of tax 0.9 0.7 8.8 5.8
Change in fair market value of derivatives, net of tax 0.0 0.0 0.0 (0.1)
Other comprehensive (loss) income (8.4) (34.5) 12.7 (68.1)
Comprehensive income (loss) $ 32.0 $ (2.0) $ 96.4 $ 54.9