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Condensed Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Sales $ 738.1 $ 777.5 $ 2,241.8 $ 2,187.3
Less: Excise taxes (139.4) (150.8) (434.0) (436.8)
Net sales 598.7 626.7 1,807.8 1,750.5
Cost of goods sold 255.3 255.7 743.0 719.9
Gross profit 343.4 371.0 1,064.8 1,030.6
Advertising and marketing expense 104.7 107.5 283.6 282.2
Selling, general and administrative expense 78.2 96.3 287.0 301.4
Amortization of intangible assets 4.4 4.3 13.2 12.8
Gain on sale of brands and related assets     (13.2)  
Restructuring charges 11.2 1.0 12.0 3.7
Business separation costs       13.8
Operating income 144.9 161.9 482.2 416.7
Interest expense 20.9 28.5 73.0 79.9
Loss on early extinguishment of debt 13.8   56.9  
Other income (0.3) (1.9) (2.5) (30.3)
Income from continuing operations before income taxes 110.5 135.3 354.8 367.1
Income taxes 25.6 36.9 80.9 90.5
Income from continuing operations 84.9 98.4 273.9 276.6
Loss from discontinued operations, net of tax (0.1) (2.2) (1.7) (2.3)
Net income $ 84.8 $ 96.2 $ 272.2 $ 274.3
Basic earnings (loss) per common share        
Continuing operations $ 0.52 $ 0.62 $ 1.69 $ 1.75
Discontinued operations   $ (0.01) $ (0.01) $ (0.01)
Net income $ 0.52 $ 0.61 $ 1.68 $ 1.74
Diluted earnings (loss) per common share        
Continuing operations $ 0.52 $ 0.61 $ 1.68 $ 1.72
Discontinued operations   $ (0.01) $ (0.01) $ (0.01)
Net income $ 0.52 $ 0.60 $ 1.67 $ 1.71
Cash dividends per share paid on common stock $ 0.225 $ 0.205 $ 0.675 $ 0.615
Weighted-average common shares outstanding-basic 162.5 158.6 161.6 157.9
Weighted-average common shares outstanding-diluted 163.8 161.4 162.9 160.6