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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income      
Revenues $ 4,811.6 $ 4,479.5 $ 3,750.8
Cost of goods sold 3,439.9 3,304.8 2,702.5
Selling and administrative expenses 667.1 625.4 532.9
Research and development expenses 60.9 55.1 51.3
Other operating (income) expense, net (10.5) (14.8) 0.1
Operating income 654.2 509.0 464.0
Interest expense, net 66.1 64.7 34.0
Interest income 7.9 11.2 0.5
Other non-operating expense, net 0.7 9.6 1.5
Income from continuing operations before income taxes 595.3 445.9 429.0
Provision for income taxes 121.6 87.3 88.4
Income from continuing operations 473.7 358.6 340.6
Discontinued operations:      
(Loss) income before income taxes (1.8) 300.1 39.6
(Benefit from) provision for income taxes (0.9) 47.6 14.7
(Loss) income from discontinued operations (0.9) 252.5 24.9
Net income $ 472.8 $ 611.1 $ 365.5
Basic earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) $ 8.30 $ 5.92 $ 5.36
Income from discontinued operations (in dollars per share) (0.02) 4.17 0.39
Basic earnings per share (in dollars per share) 8.28 10.09 5.75
Diluted earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) 8.21 5.88 5.32
(Loss) from discontinued operations (in dollars per share) (0.02) 4.14 0.39
Diluted earnings per share (in dollars per share) $ 8.19 $ 10.02 $ 5.71
Average shares outstanding (in thousands):      
Basic (shares) 56,913 60,393 63,073
Diluted (shares) 57,547 60,786 63,551
Comprehensive income:      
Net income $ 472.8 $ 611.1 $ 365.5
Other comprehensive (loss) income:      
Foreign currency (losses) gains (2.1) (30.3) 46.6
Amortization of unrecognized net periodic benefit costs, net of tax (2.0) (0.4) (5.2)
Other, net of tax 2.1 0.8 (4.9)
Other comprehensive (loss) income (2.0) (29.9) 36.5
Comprehensive income $ 470.8 $ 581.2 $ 402.0