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Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Consolidated Statements of Earnings and Comprehensive Income      
Net sales $ 2,943.0 $ 2,851.2 $ 2,492.4
Cost and expenses:      
Cost of goods sold 2,197.4 2,084.2 1,908.3
Selling and administrative expenses 353.7 356.6 298.8
Research and development expenses 29.3 26.1 21.7
Other (income) expense, net (4.2) 12.4 (2.4)
Earnings before interest and income taxes 366.8 371.9 266.0
Interest expense, net 33.8 25.5 21.0
Earnings before income taxes from continuing operations 333.0 346.4 245.0
Income tax expense (Note 7) 97.8 117.7 73.0
Income from continuing operations 235.2 228.7 172.0
Discontinued operations (Note 4)      
Income (loss) from discontinued operations (60.5) 55.2 6.5
Income tax (benefit) expense (35.0) 13.7 (1.8)
Income (loss) from discontinued operations (25.5) 41.5 8.3
Net income 209.7 270.2 180.3
Basic earnings (loss) per share attributable to common shares      
Income from continuing operations (in dollars per share) $ 3.69 [1] $ 3.64 [1] $ 2.77 [1]
Income (loss) from discontinued operations (in dollars per share) $ (0.40) [1] $ 0.66 [1] $ 0.14 [1]
Basic earnings per share (in dollars per share) $ 3.29 [1] $ 4.30 [1] $ 2.91 [1]
Diluted earnings (loss) per share attributable to common shares      
Income from continuing operations (in dollars per share) $ 3.61 [1] $ 3.57 [1] $ 2.73 [1]
Income (loss) from discontinued operations (in dollars per share) $ (0.39) [1] $ 0.65 [1] $ 0.13 [1]
Diluted earnings per share (in dollars per share) $ 3.22 [1] $ 4.22 [1] $ 2.86 [1]
Comprehensive Income      
Net income 209.7 270.2 180.3
Other comprehensive income (loss)      
Change in foreign currency translation, net of tax (1.6) 3.2 (12.2)
Change in accrued post-retirement benefit liability, net of tax 5.9 6.6 5.7
Loss on hedging activities, net of tax (0.3) (0.3) (0.4)
Other comprehensive income (loss) 4.0 9.5 (6.9)
Comprehensive income $ 213.7 $ 279.7 $ 173.4
[1] Earning per share calculated based on the two-class method. See Note 8 for detailed calculations.