XML 20 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales [1] $ 2,965.1 $ 2,845.7 $ 2,780.6
Cost of goods sold 1,917.4 1,858.2 1,821.5
Gross profit 1,047.7 987.5 959.1
Selling, general and administrative 534.3 536.0 531.4
Research and development 76.7 73.2 73.3
Operating income 436.7 378.3 354.4
Other (income) expense      
Loss on sale of businesses 7.3 4.2 3.9
Loss on early extinguishment of debt 17.1 101.4 0.0
Net interest expense 32.6 87.3 140.1
Other Income (0.1)   (10.5)
Other expense   12.6  
Income from continuing operations before income taxes 379.8 172.8 220.9
Provision for income taxes 58.1 58.7 42.7
Net income from continuing operations 321.7 114.1 178.2
Income from discontinued operations, net of tax 25.7 371.3 343.4
Income (loss) from discontinued operations, net of tax 25.7 371.3 343.4
Gain from sale / impairment of discontinued operations, net of tax 0.0 181.1 0.6
Net income 347.4 666.5 522.2
Comprehensive income, net of tax      
Net income 347.4 666.5 522.2
Changes in cumulative translation adjustment (inclusive of divestiture of business reclassified to gain from sale of $374.2 for the year ended December 31, 2017) 10.0 497.5 (83.0)
Changes in market value of derivative financial instruments, net of tax 4.8 (4.6) (8.3)
Comprehensive income $ 362.2 $ 1,159.4 $ 430.9
Earnings per ordinary share      
Continuing operations (USD per share) $ 1.83 $ 0.63 $ 0.98
Discontinued operations (USD per share) 0.15 3.04 1.90
Basic earnings per ordinary share (USD per share) 1.98 [2] 3.67 [3] 2.88
Continuing operations (USD per share) 1.81 0.62 0.97
Discontinued operations (USD per share) 0.15 3.01 1.88
Diluted earnings per ordinary share (USD per share) $ 1.96 [2] $ 3.63 [3] $ 2.85
Weighted average ordinary shares outstanding      
Basic (shares) 175.8 181.7 181.3
Diluted (shares) 177.3 183.7 183.1
[1] (1) One customer in the Aquatic Systems segment, Pool Corporation, represented approximately 15% of our consolidated net sales in 2018, 2017 and 2016.
[2] (2) Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average ordinary shares outstanding during that period.
[3] (3) Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average ordinary shares outstanding during that period.