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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 736.8 $ 718.3 $ 2,238.9 $ 2,023.3
Cost of sales 524.0 507.7 1,588.7 1,502.3
Gross Profit 212.8 210.6 650.2 521.0
Selling, general and administrative expenses 51.2 49.3 151.9 145.3
(Gain) loss on sale or impairment of long lived assets, net 0.3 0.7 (0.3) (1.8)
Other Operating Charges And Credits, Net (6.3) (0.9) (11.2) 4.5
Income from operations 167.6 161.5 509.8 373.0
Non-operating income (expense):        
Interest expense, net of capitalized interest (3.9) (4.9) (12.7) (14.8)
Investment income 5.5 2.9 13.5 7.2
Other non-operating items (2.2) (2.2) (4.3) (7.2)
Total non-operating income (expense) (0.6) (4.2) (3.5) (14.8)
Income from continuing operations before taxes and equity in loss of unconsolidated affiliate 167.0 157.3 506.3 358.2
Provision for income taxes 41.8 46.4 122.7 97.9
Equity in loss of unconsolidated affiliate 1.1 0.0 1.7 0.0
Income from continuing operations 124.1 110.9 381.9 260.3
Loss from discontinued operations before taxes (0.1) (1.7) (5.7) (1.7)
Benefit for income taxes 0.0 (0.6) (1.4) (0.6)
Loss from discontinued operations (0.1) (1.1) (4.3) (1.1)
Net income $ 124.0 $ 109.8 $ 377.6 $ 259.2
Net income per share of common stock:        
Income per share continuing operations $ 0.87 $ 0.77 $ 2.65 $ 1.80
Loss per share discontinued operations 0.00 0.0 (0.03) 0.0
Net income per share - basic 0.87 0.76 2.62 1.79
Diluted net income per share of common stock        
Income per share continuing operations 0.86 0.76 2.62 1.78
Loss per share discontinued operations 0.00 (0.01) (0.03) (0.01)
Net income per share - diluted $ 0.86 $ 0.75 $ 2.59 $ 1.77
Weighted average shares of stock outstanding - basic 142.5 144.5 143.9 144.4
Weighted average shares of stock outstanding - diluted 143.9 146.5 145.6 146.3