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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, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,846.9 $ 1,177.8 $ 3,343.2 $ 2,118.7
Cost of goods sold 1,214.9 870.1 2,220.3 1,566.1
Selling and administrative expenses 210.6 161.3 413.6 312.1
Research and development expenses 12.6 13.8 24.9 24.2
Other operating income, net (1.8) (1.2) (3.5) (2.2)
Operating income 410.6 133.8 687.9 218.5
Interest expense, net 22.4 19.2 45.0 38.4
Interest income (0.6) (0.4) (0.8) (0.9)
Other non-operating expense, net 2.5 1.1 2.6 4.7
Income from continuing operations before income taxes 386.3 113.9 641.1 176.3
Provision for income taxes 90.4 19.8 150.9 33.1
Income from continuing operations 295.9 94.1 490.2 143.2
Discontinued operations:        
Income before income taxes 4.8 6.3 4.1 10.8
(Benefit from) provision for income taxes (0.8) 1.1 (0.8) 2.5
Income from discontinued operations 5.6 5.2 4.9 8.3
Net income $ 301.5 $ 99.3 $ 495.1 $ 151.5
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 5.70 $ 1.79 $ 9.41 $ 2.71
Income from discontinued operations (in dollars per share) 0.11 0.10 0.09 0.16
Basic earnings per share (in dollars per share) 5.81 1.89 9.50 2.87
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 5.62 1.77 9.28 2.68
Income from discontinued operations (in dollars per share) 0.11 0.10 0.09 0.16
Diluted earnings per share (in dollars per share) $ 5.73 $ 1.87 $ 9.37 $ 2.84
Average shares outstanding:        
Basic (in shares) 51.8 52.3 52.0 52.7
Diluted (in shares) 52.5 53.0 52.7 53.3
Comprehensive income:        
Net income $ 301.5 $ 99.3 $ 495.1 $ 151.5
Other comprehensive income (loss):        
Foreign currency (losses) gains (40.8) 6.8 (37.3) (6.5)
Amortization of unrecognized net periodic benefit costs, net of tax 1.0 1.2 2.0 2.4
Other, net of tax (1.0) 0.3 (1.7) (1.7)
Other comprehensive (loss) income (40.8) 8.3 (37.0) (5.8)
Comprehensive income $ 260.7 $ 107.6 $ 458.1 $ 145.7