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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income    
Revenues $ 984.7 $ 774.0
Cost of goods sold 735.3 547.9
Selling and administrative expenses 148.6 124.9
Research and development expenses 13.9 12.0
Other operating (income) expense, net (7.8) (0.3)
Operating income 94.7 89.5
Interest expense, net 14.5 6.6
Other non-operating (income) expense, net 1.9 (1.4)
Income from continuing operations before income taxes 78.3 84.3
Provision for income taxes 20.4 26.4
Income from continuing operations 57.9 57.9
Discontinued operations:    
Income before income taxes 299.0 6.2
Provision for income taxes 47.3 2.3
Income from discontinued operations 251.7 3.9
Net income $ 309.6 $ 61.8
Basic earnings per share attributable to common shares:    
Income from continuing operations (in dollars per share) $ 0.93 $ 0.89
Income from discontinued operations (in dollars per share) 4.05 0.06
Basic earnings per share (in dollars per share) 4.98 0.95
Diluted earnings per share attributable to common shares:    
Income from continuing operations (in dollars per share) 0.92 0.88
Income from discontinued operations (in dollars per share) 4.02 0.06
Diluted earnings per share (in dollars per share) $ 4.94 $ 0.94
Average shares outstanding (in thousands):    
Basic (in shares) 61,684 64,353
Diluted (in shares) 62,164 64,848
Dividends declared and paid per share (in dollars per share) $ 0.37 $ 0.35
Comprehensive Income    
Net income $ 309.6 $ 61.8
Other comprehensive income (loss)    
Foreign currency translation 22.2 11.4
Accrued post-retirement benefit liability, net of tax 0.9 0.4
Other, net of tax 0.2 (0.1)
Other comprehensive income 23.3 11.7
Comprehensive income $ 332.9 $ 73.5