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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 1,265.3 $ 1,301.2 $ 2,448.8 $ 2,491.2
Cost of goods sold 782.1 819.4 1,543.3 1,578.1
Gross profit 483.2 481.8 905.5 913.1
Selling, general and administrative 241.7 249.7 495.6 499.8
Research and development 28.7 28.7 58.7 57.2
Operating income 212.8 203.4 351.2 356.1
Other (income) expense:        
Equity income of unconsolidated subsidiaries (0.4) (1.1) (0.6) (1.5)
Loss on early extinguishment of debt 101.4 0.0 101.4 0.0
Net interest expense 25.3 35.4 60.3 71.6
Income from continuing operations before income taxes 86.5 169.1 190.1 286.0
Provision for income taxes 18.2 36.4 41.1 61.5
Net income from continuing operations 68.3 132.7 149.0 224.5
(Loss) income from discontinued operations, net of tax (5.2) 10.1 1.9 25.7
Gain from sale of discontinued operations, net of tax 200.6 0.0 200.6 0.0
Net income 263.7 142.8 351.5 250.2
Comprehensive income, net of tax        
Net income 263.7 142.8 351.5 250.2
Changes in cumulative translation adjustment (inclusive of divestiture of business reclassified to gain from sale of $374.2 for the three and six months ended June 30, 2017) 392.6 (25.8) 468.3 2.2
Changes in market value of derivative financial instruments, net of tax (0.9) 10.9 0.7 (3.8)
Comprehensive income $ 655.4 $ 127.9 $ 820.5 $ 248.6
Earnings per ordinary share        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.37 $ 0.73 $ 0.82 $ 1.24
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share 1.08 0.06 1.11 0.14
Basic (USD per share) 1.45 0.79 1.93 1.38
Income (Loss) from Continuing Operations, Per Diluted Share 0.37 0.73 0.81 1.23
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share 1.06 0.05 1.10 0.14
Diluted (USD per share) $ 1.43 $ 0.78 $ 1.91 $ 1.37
Weighted average ordinary shares outstanding        
Basic (shares) 181.7 180.9 181.9 180.8
Diluted (shares) 183.8 183.0 183.9 182.8
Cash dividends paid per ordinary share $ 0.345 $ 0.33 $ 0.69 $ 0.66