XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,181.4 $ 1,002.4 $ 3,402.2 $ 2,760.3
Cost of goods sold 867.1 717.8 2,506.3 1,963.1
Selling and administrative expenses 164.8 137.9 473.3 389.8
Research and development expenses 12.3 12.4 40.4 37.5
Other operating (income) expense, net (2.8) (0.5) (12.2) (0.7)
Operating income 140.0 134.8 394.4 370.6
Interest expense, net 13.0 7.8 41.7 21.4
Other non-operating (income) expense, net 5.1 3.4 6.3 1.6
Income from continuing operations before income taxes 121.9 123.6 346.4 347.6
Provision for income taxes 25.0 44.5 76.9 115.9
Income from continuing operations 96.9 79.1 269.5 231.7
Discontinued operations:        
Income before income taxes 2.6 11.4 300.3 29.7
(Benefit) provision for income taxes (0.2) 4.2 46.8 11.0
Income from discontinued operations 2.8 7.2 253.5 18.7
Net income $ 99.7 $ 86.3 $ 523.0 $ 250.4
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 1.61 $ 1.27 $ 4.40 $ 3.62
(Loss) income from discontinued operations (in dollars per share) 0.05 0.11 4.15 0.29
Basic earnings per share (in dollars per share) 1.66 1.38 8.55 3.91
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 1.59 1.26 4.37 3.60
Income from discontinued operations (in dollars per share) 0.05 0.11 4.12 0.29
Diluted earnings per share (in dollars per share) $ 1.64 $ 1.37 $ 8.49 $ 3.89
Average shares outstanding (in thousands):        
Basic (in shares) 59,826 62,432 60,712 63,503
Diluted (in shares) 60,329 62,797 61,176 63,916
Dividends declared and paid per share (in dollars per share) $ 0.40 $ 0.37 $ 1.14 $ 1.07
Comprehensive Income        
Net income $ 99.7 $ 86.3 $ 523.0 $ 250.4
Other comprehensive income (loss)        
Foreign currency (losses) gains (8.4) 13.4 (21.6) 44.6
Amortization of unrecognized net periodic benefit costs, net of tax 0.6 0.4 2.6 1.2
Other, net of tax 0.0 (0.2) 0.5 (0.9)
Other comprehensive income (loss) (7.8) 13.6 (18.5) 44.9
Comprehensive income $ 91.9 $ 99.9 $ 504.5 $ 295.3