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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 498.8 $ 490.0 $ 904.6 $ 849.8
Cost of products sold 336.4 321.2 614.7 570.1
Gross profit 162.4 168.8 289.9 279.7
Operating costs and expenses:        
Selling, general and administrative expenses 100.0 104.2 201.8 198.4
Amortization of intangibles 8.5 9.0 17.8 17.0
Restructuring charges 2.1 12.3 6.8 13.8
Total operating costs and expenses 110.6 125.5 226.4 229.2
Operating income [1] 51.8 43.3 63.5 50.5
Non-operating expense (income):        
Interest expense 9.9 10.8 19.3 20.6
Interest income (1.4) (2.0) (2.4) (3.3)
Non-operating pension income (2.3) (2.1) (4.5) (4.2)
Other expense (income), net 1.6 (1.5) 1.0 (0.8)
Income before income tax 44.0 38.1 50.1 38.2
Income tax expense 18.3 14.6 14.0 11.1
Net income $ 25.7 $ 23.5 $ 36.1 $ 27.1
Basic income per share:        
Basic income per share $ 0.24 $ 0.21 $ 0.34 $ 0.25
Diluted income per share:        
Diluted income per share $ 0.24 $ 0.21 $ 0.33 $ 0.24
Weighted average number of shares outstanding:        
Basic 106.1 109.5 106.4 108.9
Diluted 108.0 111.9 109.0 112.1
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]        
Dividends per common share $ 0.06 $ 0.00 $ 0.12 $ 0.00
[1] Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less selling, general and administrative expenses; iv) less amortization of intangibles; and v) less restructuring charges.