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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,177.8 $ 965.4 $ 2,118.7 $ 1,924.6
Cost of goods sold 870.1 695.3 1,566.1 1,385.1
Selling and administrative expenses 161.3 144.6 312.1 295.5
Research and development expenses 13.8 11.7 24.2 23.6
Other operating income, net (1.2) (0.7) (2.2) (1.3)
Operating income 133.8 114.5 218.5 221.7
Interest expense, net 19.2 19.7 38.4 38.7
Loss on extinguishment of debt 0.0 0.0 0.0 8.8
Interest income (0.4) (2.6) (0.9) (3.3)
Other non-operating expense (income), net 1.1 (0.7) 4.7 (0.9)
Income from continuing operations before income taxes 113.9 98.1 176.3 178.4
Provision for income taxes 19.8 22.1 33.1 37.6
Income from continuing operations 94.1 76.0 143.2 140.8
Discontinued operations:        
Income (loss) before income taxes 6.3 (1.1) 10.8 (5.2)
Provision for (benefit from) income taxes 1.1 (0.5) 2.5 (1.6)
Income (loss) from discontinued operations 5.2 (0.6) 8.3 (3.6)
Net income $ 99.3 $ 75.4 $ 151.5 $ 137.2
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 1.79 $ 1.38 $ 2.71 $ 2.54
(Loss) income from discontinued operations (in dollars per share) 0.10 (0.01) 0.16 (0.07)
Basic earnings per share (in dollars per share) 1.89 1.37 2.87 2.47
Income from continuing operations (in dollars per share) 1.77 1.37 2.68 2.52
(Loss) income from discontinued operations (in dollars per share) 0.10 (0.01) 0.16 (0.07)
Diluted earnings per share (in dollars per share) $ 1.87 $ 1.36 $ 2.84 $ 2.45
Average shares outstanding:        
Basic (in shares) 52.3 54.8 52.7 55.3
Diluted (in shares) 53.0 55.2 53.3 55.8
Comprehensive income:        
Net income $ 99.3 $ 75.4 $ 151.5 $ 137.2
Other comprehensive income (loss), net of tax:        
Foreign currency gains (losses) 6.8 7.8 (6.5) (20.5)
Amortization of unrecognized net periodic benefit costs, net of tax 1.2 1.0 2.4 2.0
Other, net of tax 0.3 0.7 (1.7) (17.5)
Other comprehensive income (loss) 8.3 9.5 (5.8) (36.0)
Comprehensive income $ 107.6 $ 84.9 $ 145.7 $ 101.2