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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 5,779.0 $ 5,741.7 $ 5,852.6
Cost of sales (4,503.3) (4,533.7) (4,623.1)
Gross profit 1,275.7 1,208.0 1,229.5
Selling, general, and administrative expenses (471.1) (451.3) (469.5)
Other expense, net (24.3) (6.7) (57.3)
Income from operations 780.3 750.0 702.7
Interest expense, net (91.8) (85.5) (88.4) [1]
Income before taxes 688.5 664.5 614.3
Provision for income taxes (238.9) (227.7) (221.7)
Net income $ 449.6 $ 436.8 $ 392.6
Net income per common share      
Basic (US$ per share) $ 4.76 $ 4.47 $ 3.99
Diluted (US$ per share) 4.75 4.47 3.99
Dividends declared per common share (US$ per share) $ 2.36 $ 2.2 $ 1.6
Statement of Comprehensive Income:      
Net income $ 449.6 $ 436.8 $ 392.6
Foreign currency translation adjustment 0.0 2.7 (2.6)
Reclassification adjustments to cash flow hedges included in net income, net of tax of $2.2 million, $2.2 million, and $2.2 million for 2016, 2015, and 2014, respectively 3.5 3.5 3.5
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $4.2 million, $5.6 million, and $2.8 million for 2016, 2015, and 2014, respectively 6.7 8.8 4.2
Changes in unfunded employee benefit obligations, net of tax of $15.7 million, ($8.9) million, and $59.2 million for 2016, 2015, and 2014, respectively (24.9) 14.0 (94.0)
Other comprehensive income (loss) (14.7) 29.0 (88.9)
Comprehensive income $ 434.9 $ 465.8 $ 303.7
[1] Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.