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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 2,828.0 $ 2,733.9 $ 2,233.4
Operating costs and expenses:      
Cost of sales 2,084.0 1,998.1 1,829.1
Gross Profit 744.0 735.8 404.3
Selling and administrative 209.3 191.3 185.1
(Gain) loss on sale or impairment of long lived assets, net 10.8 6.8 (8.4)
Other operating credits and charges, net (2.2) 4.9 17.4
Income from operations 526.1 532.8 210.2
Non-operating income (expense):      
Interest expense, net of capitalized interest (15.8) (19.3) (32.1)
Investment income 17.6 10.5 8.2
Other nonoperating items (3.9) (13.8) (21.4)
Total non-operating income (expense) (2.1) (22.6) (45.3)
Income from continuing operations before income taxes and equity in (income) loss of unconsolidated affiliates 524.0 510.2 164.9
Provision for income taxes 122.3 119.1 19.8
Equity in (income) loss of unconsolidated affiliates 2.9 0.0 (5.2)
Income from continuing operations 398.8 391.1 150.3
Loss from discontinued operations before taxes (5.6) (2.0) (0.8)
Benefit for income taxes (1.4) (0.7) (0.3)
Loss from discontinued operations (4.2) (1.3) (0.5)
Net income $ 394.6 $ 389.8 $ 149.8
Basic net income (loss) per share:      
Income per share from continuing operations $ 2.79 $ 2.71 $ 1.05
Loss per share from discontinued operations (0.03) (0.01) (0.01)
Net income per share 2.76 2.70 1.04
Diluted net earnings (loss) per share:      
Income per share from continuing operations 2.76 2.67 1.03
Loss per share from discontinued operations (0.03) (0.01) 0.00
Net income per share $ 2.73 $ 2.66 $ 1.03
Weighted average number of shares outstanding - basic 143.0 144.4 143.4
Weighted average number of shares outstanding, diluted 144.4 146.4 145.3