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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,126.7 $ 1,280.6 $ 3,181.1 $ 3,667.3
Cost of goods sold 796.4 900.4 2,291.2 2,604.3
Selling and administrative expenses 162.3 175.0 477.3 511.5
Research and development expenses 13.7 15.2 42.2 45.0
Other operating income, net (1.4) (1.0) (1.4) (6.4)
Operating income 155.7 191.0 371.8 512.9
Interest expense, net 19.0 16.7 57.7 49.6
Loss on extinguishment of debt 0.0 0.0 8.8 0.0
Interest income (0.6) (1.7) (4.0) (6.2)
Other non-operating expense (income), net 0.9 (1.2) (0.3) (2.2)
Income from continuing operations before income taxes 136.4 177.2 309.6 471.7
Provision for income taxes 34.1 37.9 70.1 102.0
Income from continuing operations 102.3 139.3 239.5 369.7
Discontinued operations:        
Loss before income taxes 0.0 (1.8) 0.0 (1.8)
Benefit from income taxes 0.0 (0.4) 0.0 (2.3)
(Loss) income from discontinued operations 0.0 (1.4) 0.0 0.5
Net income $ 102.3 $ 137.9 $ 239.5 $ 370.2
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 1.88 $ 2.45 $ 4.35 $ 6.46
Income from discontinued operations (in dollars per share) 0 (0.02) 0 0.01
Basic earnings per share (in dollars per share) 1.88 2.43 4.35 6.47
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 1.87 2.42 4.31 6.40
Income from discontinued operations (in dollars per share) 0 (0.02) 0 0.01
Diluted earnings per share (in dollars per share) $ 1.87 $ 2.40 $ 4.31 $ 6.41
Average shares outstanding:        
Basic (in shares) 54.1 56.7 54.9 57.1
Diluted (in shares) 54.5 57.3 55.4 57.6
Comprehensive income:        
Net income $ 102.3 $ 137.9 $ 239.5 $ 370.2
Other comprehensive income (loss), net of tax:        
Foreign currency gains (losses) 24.9 (23.6) 4.4 (23.3)
Amortization of unrecognized net periodic benefit costs, net of tax 1.1 0.7 3.1 2.0
Other, net of tax 2.2 (1.2) (15.3) (1.2)
Other comprehensive income (loss) 28.2 (24.1) (7.8) (22.5)
Comprehensive income $ 130.5 $ 113.8 $ 231.7 $ 347.7