XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jul. 01, 2016
Jun. 30, 2017
Jul. 01, 2016
Net sales $ 2,001.4 $ 1,955.7 $ 3,897.2 $ 3,771.9
Cost of goods sold 1,605.7 1,562.3 3,121.8 3,007.7
Gross profit 395.7 393.4 775.4 764.2
Operating expenses 313.0 336.7 623.7 647.2
Operating income 82.7 56.7 151.7 117.0
Other expense:        
Interest expense (17.9) (19.8) (36.8) (39.9)
Other, net (1.0) (0.8) (1.2) (3.6)
Income from continuing operations before income taxes 63.8 36.1 113.7 73.5
Income tax expense from continuing operations 23.7 15.3 42.7 29.5
Net income from continuing operations 40.1 20.8 71.0 44.0
Loss from discontinued operations before income taxes 0.0 (0.5) 0.0 (1.2)
Income tax benefit from discontinued operations 0.0 (0.2) 0.0 (0.5)
Net loss from discontinued operations 0.0 (0.3) 0.0 (0.7)
Net income $ 40.1 $ 20.5 $ 71.0 $ 43.3
Basic:        
Continuing operations $ 1.19 $ 0.62 $ 2.12 $ 1.32
Discontinued operations 0.00 (0.01) 0.00 (0.02)
Net income 1.19 0.61 2.12 1.30
Diluted:        
Continuing operations 1.18 0.62 2.09 1.32
Discontinued operations 0.00 (0.01) 0.00 (0.03)
Net income $ 1.18 $ 0.61 $ 2.09 $ 1.29
Basic weighted-average common shares outstanding 33.6 33.4 33.6 33.3
Effect of dilutive securities:        
Stock options and units 0.4 0.1 0.4 0.1
Diluted weighted-average common shares outstanding 34.0 33.5 34.0 33.4
Net income $ 40.1 $ 20.5 $ 71.0 $ 43.3
Other comprehensive income:        
Foreign currency translation 8.8 (5.1) 23.0 13.2
Changes in unrealized pension cost, net of tax 1.1 6.9 1.9 7.9
Other comprehensive income 9.9 1.8 24.9 21.1
Comprehensive income $ 50.0 $ 22.3 $ 95.9 $ 64.4