XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income    
Revenues $ 1,178.8 $ 1,496.3
Cost of goods sold 832.1 1,005.4
Selling and administrative expenses 188.6 203.0
Research and development expenses 15.5 12.3
Other operating expense (income), net 1.6 (1.7)
Operating income 141.0 277.3
Interest expense, net 18.8 22.6
Interest income (4.6) (0.2)
Other non-operating (income) expense, net (1.2) 0.1
Income from continuing operations before income taxes 128.0 254.8
Provision for income taxes 28.4 60.5
Income from continuing operations 99.6 194.3
Discontinued operations:    
Income (loss) before income taxes 0.6 (0.7)
Benefit from income taxes (1.5) 0.0
Income (loss) from discontinued operations 2.1 (0.7)
Net income $ 101.7 $ 193.6
Basic earnings per share attributable to common shares:    
Income from continuing operations (in dollars per share) $ 1.95 $ 3.72
(Loss) income from discontinued operations (in dollars per share) 0.04 (0.01)
Basic earnings per share (in dollars per share) 1.99 3.71
Diluted earnings per share attributable to common shares:    
Income from continuing operations (in dollars per share) 1.92 3.67
(Loss) income from discontinued operations (in dollars per share) 0.04 (0.01)
Diluted earnings per share (in dollars per share) $ 1.96 $ 3.66
Average shares outstanding:    
Basic (in shares) 51.1 52.1
Diluted (in shares) 51.7 52.9
Comprehensive income:    
Net income $ 101.7 $ 193.6
Other comprehensive income (loss):    
Foreign currency gains 13.0 3.5
Amortization of unrecognized net periodic benefit costs, net of tax 0.3 1.0
Other, net of tax 1.9 (0.7)
Other comprehensive income 15.2 3.8
Comprehensive income $ 116.9 $ 197.4