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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,259.8 $ 1,497.0 $ 3,459.4 $ 4,299.5
Cost of goods sold 793.7 982.5 2,244.9 2,789.0
Selling and administrative expenses 161.7 162.2 467.6 481.4
Research and development expenses 7.2 5.0 20.7 14.2
Other operating (income) expense, net (2.7) 23.3 (3.0) 19.6
Operating income 299.9 324.0 729.2 995.3
Interest expense, net 19.4 22.6 57.0 67.6
Interest income (3.6) (2.9) (12.5) (3.6)
Other non-operating expense (income), net 0.6 1.9 (1.2) 5.2
Income from continuing operations before income taxes 283.5 302.4 685.9 926.1
Provision for income taxes 66.6 69.1 158.7 221.1
Income from continuing operations 216.9 233.3 527.2 705.0
Discontinued operations:        
Income before income taxes 43.2 24.7 20.2 46.2
(Benefit from) provision for income taxes (5.5) 3.3 (14.5) 1.4
Income (loss) from discontinued operations 48.7 21.4 34.7 44.8
Net income $ 265.6 $ 254.7 $ 561.9 $ 749.8
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 4.37 $ 4.49 $ 10.43 $ 13.55
Income from discontinued operations (in dollars per share) 0.98 0.41 0.69 0.85
Basic earnings per share (in dollars per share) 5.35 4.90 11.12 14.40
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 4.32 4.42 10.32 13.35
Income from discontinued operations (in dollars per share) 0.97 0.41 0.68 0.85
Diluted earnings per share (in dollars per share) $ 5.29 $ 4.83 $ 11.00 $ 14.20
Average shares outstanding:        
Basic (in shares) 49.5 51.9 50.4 51.9
Diluted (in shares) 50.1 52.6 51.0 52.6
Comprehensive income:        
Net income $ 265.6 $ 254.7 $ 561.9 $ 749.8
Other comprehensive income (loss):        
Foreign currency losses (15.8) (46.5) (1.7) (83.8)
Amortization of unrecognized net periodic benefit costs, net of tax 0.2 1.0 0.8 3.0
Other, net of tax 0.1 (1.7) (0.3) (3.4)
Other comprehensive loss (15.5) (47.2) (1.2) (84.2)
Comprehensive income $ 250.1 $ 207.5 $ 560.7 $ 665.6