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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Condensed Consolidated Statements of Earnings and Comprehensive Income        
Net sales $ 984.6 $ 859.5 $ 1,693.9 $ 1,509.9
Costs and expenses:        
Cost of goods sold 699.2 634.9 1,235.5 1,123.3
Selling and administrative expenses 125.6 95.4 223.7 187.6
Research and development expenses 10.9 8.5 19.7 16.4
Other expense (income), net 0.9 (1.6) 0.6 (2.7)
Earnings before interest and income taxes 148.0 122.3 214.4 185.3
Interest expense, net 8.5 8.0 16.9 16.0
Earnings before income taxes from continuing operations 139.5 114.3 197.5 169.3
Income tax expense (Note 6) 44.7 38.6 63.2 57.2
Income from continuing operations 94.8 75.7 134.3 112.1
Discontinued operations        
Income (loss) before income taxes 0.2 (0.1)   (1.2)
Income tax (benefit) expense 0.1 0.4   (0.1)
Income (loss) from discontinued operations 0.1 (0.5)   (1.1)
Net income $ 94.9 $ 75.2 $ 134.3 $ 111.0
Basic earnings (loss) per share attributable to common shares        
Income from continuing operations (in dollars per share) $ 1.45 $ 1.17 $ 2.05 $ 1.73
loss from discontinued operations (in dollars per share)   (0.01)   (0.01)
Basic earnings per share (in dollars per share) 1.45 1.16 2.05 1.72
Diluted earnings (loss) per share attributable to common shares        
Income from continuing operations (in dollars per share) 1.43 1.15 2.02 1.70
Loss from discontinued operations (in dollars per share)   (0.01)   (0.01)
Diluted earnings per share (in dollars per share) $ 1.43 $ 1.14 $ 2.02 $ 1.69
Average shares outstanding - in thousands        
Basic (in shares) 65,010 64,100 64,943 63,990
Diluted (in shares) 66,018 65,441 65,933 65,329
Dividends declared and paid $ 16.4 $ 14.6 $ 33.1 $ 28.8
Dividends declared and paid per share (in dollars per share) $ 0.25 $ 0.22 $ 0.50 $ 0.44
Comprehensive Income        
Net income $ 94.9 $ 75.2 $ 134.3 $ 111.0
Other comprehensive income (loss)        
Change in foreign currency translation 12.2 (1.3) (8.5) 1.7
Change in accrued post-retirement benefit liability, net of tax 0.8   1.6 0.6
Loss on hedging activities, net of tax (0.1) (0.1) (0.2) (0.2)
Other comprehensive income (loss) 12.9 (1.4) (7.1) 2.1
Comprehensive income $ 107.8 $ 73.8 $ 127.2 $ 113.1