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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,024.2 $ 1,314.8 $ 2,054.4 $ 2,386.7
Cost of goods sold 743.0 920.6 1,494.8 1,703.9
Selling and administrative expenses 153.1 172.3 315.0 336.5
Research and development expenses 14.1 15.4 28.5 29.8
Other operating expense (income), net 0.6 (0.7) 0.0 (5.4)
Operating income 113.4 207.2 216.1 321.9
Interest expense, net 19.8 16.6 38.7 32.9
Loss on extinguishment of debt 0.0 0.0 8.8 0.0
Interest income (2.7) (1.9) (3.4) (4.5)
Other non-operating income, net (0.7) (0.6) (1.2) (1.0)
Income from continuing operations before income taxes 97.0 193.1 173.2 294.5
Provision for income taxes 21.6 40.1 36.0 64.1
Income from continuing operations 75.4 153.0 137.2 230.4
Discontinued operations:        
Provision for (benefit from) income taxes 0.0 0.1 0.0 (1.9)
(Loss) income from discontinued operations 0.0 (0.1) 0.0 1.9
Net income $ 75.4 $ 152.9 $ 137.2 $ 232.3
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 1.37 $ 2.68 $ 2.47 $ 4.01
Income from discontinued operations (in dollars per share) 0 0 0 0.03
Basic earnings per share (in dollars per share) 1.37 2.68 2.47 4.04
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 1.36 2.65 2.45 3.98
Income from discontinued operations (in dollars per share) 0 0 0 0.03
Diluted earnings per share (in dollars per share) $ 1.36 $ 2.65 $ 2.45 $ 4.01
Average shares outstanding:        
Basic weighted-average shares outstanding (in shares) 54,800 57,000 55,300 57,200
Diluted (in shares) 55,200 57,600 55,800 57,700
Comprehensive income:        
Net income $ 75.4 $ 152.9 $ 137.2 $ 232.3
Other comprehensive income (loss), net of tax:        
Foreign currency gains (losses) 7.8 (3.6) (20.5) 0.3
Amortization of unrecognized net periodic benefit costs, net of tax 1.0 0.6 2.0 1.3
Other, net of tax 0.7 (1.6) (17.5) 0.0
Other comprehensive income (loss) 9.5 (4.6) (36.0) 1.6
Comprehensive income $ 84.9 $ 148.3 $ 101.2 $ 233.9