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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 532.2 $ 431.3 $ 1,382.0 $ 1,119.5
Cost of products sold 354.3 287.1 924.8 758.1
Gross profit 177.9 144.2 457.2 361.4
Operating costs and expenses:        
Advertising, selling, general and administrative expenses 107.5 82.3 301.3 233.1
Amortization of intangibles 9.4 5.8 26.4 15.9
Restructuring charges 2.3 0.4 16.1 4.8
Total operating costs and expenses 119.2 88.5 343.8 253.8
Operating income [1] 58.7 55.7 113.4 107.6
Non-operating expense (income):        
Interest expense 10.7 13.0 31.3 36.5
Interest income (1.6) (1.8) (4.9) (5.1)
Equity in earnings of joint-venture 0.0 0.0 0.0 (2.1)
Other (income) expense, net (0.2) 6.8 (1.0) (28.7)
Income before income tax 49.8 37.7 88.0 107.0
Income tax expense 19.2 15.0 30.3 17.6
Net income $ 30.6 $ 22.7 $ 57.7 $ 89.4
Basic income per share:        
Basic income per share $ 0.28 $ 0.21 $ 0.53 $ 0.84
Diluted income per share:        
Diluted income per share $ 0.28 $ 0.21 $ 0.52 $ 0.82
Weighted average number of shares outstanding:        
Basic 108.1 107.2 108.6 106.8
Diluted 110.3 109.4 111.5 108.9
[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.