XML 15 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 1,038.1 $ 975.3 $ 893.6
Cost of goods sold 643.0 641.8 578.2
Gross profit 395.1 333.5 315.4
Selling, general and administrative expenses 174.3 159.0 138.6
Equity earnings from joint venture (96.6) (74.9) (67.0)
Operating income 317.4 249.4 243.8
Interest expense 38.4 39.2 35.4
Other non-operating (income), net (20.4) (32.5) (13.7)
Earnings from continuing operations before income taxes 299.4 242.7 222.1
Income tax expense 57.1 53.1 1.5
Earnings from continuing operations 242.3 189.6 220.6
Net (loss) earnings from discontinued operations, net of tax expense of $12.0, $8.2 and $3.6 (1.8) 9.6 4.2
(Loss) from disposal of discontinued businesses, net of tax (benefit) of ($5.2), ($6.0) and ($4.1) (26.0) (13.3) (105.2)
Net (loss) from discontinued operations (27.8) (3.7) (101.0)
Net earnings 214.5 185.9 119.6
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments 84.1 (27.6) 24.5
Derivative (loss) gain, net (13.9) 1.1 (0.3)
Pension and postretirement adjustments 13.2 (32.9) 33.7
Total other comprehensive income (loss) 83.4 (59.4) $ 57.9
Total comprehensive income $ 297.9 $ 126.5  
Earnings per share of common stock, continuing operations:      
Basic $ 4.97 $ 3.68 $ 4.12
Diluted 4.88 3.63 $ 4.08
(Loss) per share of common stock, discontinued operations:      
Basic (0.57) (0.07)  
Diluted (0.56) (0.07)  
Net earnings per share of common stock:      
Basic 4.40 3.61  
Diluted $ 4.32 $ 3.56  
Average number of common shares outstanding:      
Basic 48.7 51.3 53.3
Diluted 49.5 52.1 53.9
Restated [Member]      
(Loss) from disposal of discontinued businesses, net of tax (benefit) of ($5.2), ($6.0) and ($4.1)     $ (105.2)
Net (loss) from discontinued operations     (101.0)
Net earnings $ 214.5 $ 185.9 119.6
Other comprehensive income (loss), net of tax:      
Total other comprehensive income (loss) $ 83.4 $ (59.4) 57.9
Total comprehensive income     $ 177.5
(Loss) per share of common stock, discontinued operations:      
Basic     $ (1.89)
Diluted     (1.87)
Net earnings per share of common stock:      
Basic     2.23
Diluted     $ 2.21