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Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 1,510.4 $ 1,689.2 $ 1,765.1
Cost of products sold 1,032.0 1,159.3 1,217.2
Gross profit 478.4 529.9 547.9
Operating costs and expenses:      
Advertising, selling, general and administrative expenses 295.7 328.6 347.3
Amortization of intangibles 19.6 22.2 24.7
Restructuring (credits) charges (0.4) 5.5 30.1
Total operating costs and expenses 314.9 356.3 402.1
Operating income [1] 163.5 173.6 145.8
Non-operating expense (income):      
Interest expense 44.5 49.5 59.0
Interest income (6.6) (5.6) (4.3)
Equity in earnings of joint ventures (7.9) (8.1) (8.2)
Other expense, net 2.1 0.8 7.6
Income from continuing operations before income tax 131.4 137.0 91.7
Income tax expense 45.5 45.4 14.4
Income from continuing operations 85.9 91.6 77.3
Loss from discontinued operations, net of income taxes 0.0 0.0 (0.2)
Net income $ 85.9 $ 91.6 $ 77.1
Basic income per share:      
Income from continuing operations $ 0.79 $ 0.81 $ 0.68
Loss from discontinued operations 0.00 0.00 0.00
Basic income per share 0.79 0.81 0.68
Diluted income per share:      
Income from continuing operations 0.78 0.79 0.67
Loss from discontinued operations 0.00 0.00 0.00
Diluted income per share $ 0.78 $ 0.79 $ 0.67
Weighted average number of shares outstanding:      
Basic 108.8 113.7 113.5
Diluted 110.6 116.3 115.7
[1] Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less advertising, selling, general and administrative expenses; iv) less amortization of intangibles; and v) less restructuring charges.