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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income      
Revenues $ 4,245.2 $ 4,811.6 $ 4,479.5
Cost of goods sold 3,062.8 3,439.9 3,304.8
Selling and administrative expenses 641.5 667.1 625.4
Research and development expenses 54.8 60.9 55.1
Other operating expense (income), net 2.5 (10.5) (14.8)
Operating income 483.6 654.2 509.0
Interest expense, net 76.6 66.1 64.7
Loss on extinguishment of debt 8.8 0.0 0.0
Interest income (4.8) (7.9) (11.2)
Other non-operating expense, net 1.7 0.7 9.6
Income from continuing operations before income taxes 401.3 595.3 445.9
Provision for income taxes 77.1 121.6 87.3
Income from continuing operations 324.2 473.7 358.6
Discontinued operations:      
(Loss) income before income taxes (5.4) (1.8) 300.1
(Benefit from) provision for income taxes (1.3) (0.9) 47.6
(Loss) income from discontinued operations (4.1) (0.9) 252.5
Net income $ 320.1 $ 472.8 $ 611.1
Basic earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) $ 5.93 $ 8.30 $ 5.92
(Loss) income from discontinued operations (in dollars per share) (0.08) (0.02) 4.17
Basic earnings per share (in dollars per share) 5.85 8.28 10.09
Diluted earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) 5.88 8.21 5.88
(Loss) income from discontinued operations (in dollars per share) (0.08) (0.02) 4.14
Diluted earnings per share (in dollars per share) $ 5.80 $ 8.19 $ 10.02
Average shares outstanding:      
Basic (shares) 54,500 56,900 60,400
Diluted (shares) 55,000 57,500 60,800
Comprehensive income:      
Net income $ 320.1 $ 472.8 $ 611.1
Other comprehensive income (loss):      
Foreign currency gains (losses) 39.4 (2.1) (30.3)
Amortization of unrecognized net periodic benefit costs, net of tax 0.0 (2.0) (0.4)
Other, net of tax (12.3) 2.1 0.8
Other comprehensive income (loss) 27.1 (2.0) (29.9)
Comprehensive income $ 347.2 $ 470.8 $ 581.2