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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues $ 507.3 $ 532.2 $ 1,411.9 $ 1,382.0
Cost of products sold 346.5 354.0 961.2 924.1
Gross profit 160.8 178.2 450.7 457.9
Operating costs and expenses:        
Selling, general and administrative expenses 92.8 109.8 294.6 308.2
Amortization of intangibles 9.4 9.4 27.2 26.4
Restructuring charges 1.1 2.3 7.9 16.1
Total operating costs and expenses 103.3 121.5 329.7 350.7
Operating income [1] 57.5 56.7 121.0 107.2
Non-operating expense (income):        
Interest expense 11.6 10.7 30.9 31.3
Interest income (1.1) (1.6) (3.5) (4.9)
Non-operating pension income (2.6) (2.0) (7.1) (6.2)
Other expense (income), net 0.6 (0.2) 1.6 (1.0)
Income before income tax 49.0 49.8 99.1 88.0
Income tax expense 13.4 19.2 27.4 30.3
Net income $ 35.6 $ 30.6 $ 71.7 $ 57.7
Basic income per share:        
Basic income per share $ 0.34 $ 0.28 $ 0.68 $ 0.53
Diluted income per share:        
Diluted income per share $ 0.34 $ 0.28 $ 0.66 $ 0.52
Weighted average number of shares outstanding:        
Basic 103.8 108.1 105.6 108.6
Diluted 105.9 110.3 107.9 111.5
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract]        
Dividends per common share $ 0.06 $ 0.00 $ 0.18 $ 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.