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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Condensed Consolidated Statements of Earnings and Comprehensive Income        
Net sales $ 973.1 $ 904.1 $ 2,667.0 $ 2,414.0
Costs and expenses:        
Cost of goods sold 677.6 667.0 1,913.1 1,790.2
Selling and administrative expenses 121.7 94.4 345.4 282.0
Research and development expenses 11.3 8.6 31.0 25.0
Other expense (income), net 0.7 0.1 1.3 (2.5)
Earnings before interest and income taxes 161.8 134.0 376.2 319.3
Interest expense, net 8.7 7.7 25.6 23.8
Earnings before income taxes from continuing operations 153.1 126.3 350.6 295.5
Income tax expense (Note 6) 49.5 40.0 112.7 97.1
Income from continuing operations 103.6 86.3 237.9 198.4
Discontinued operations        
Loss before income taxes   (0.6)   (1.7)
Income tax benefit   (1.6)   (1.7)
Income from discontinued operations   1.0    
Net income $ 103.6 $ 87.3 $ 237.9 $ 198.4
Basic earnings per share attributable to common shares        
Income from continuing operations (in dollars per share) $ 1.59 $ 1.34 $ 3.64 $ 3.07
Income from discontinued operations   0.01    
Basic earnings per share (in dollars per share) 1.59 1.35 3.64 3.07
Diluted earnings per share attributable to common shares        
Income from continuing operations (in dollars per share) 1.56 1.31 3.58 3.01
Income from discontinued operations   0.01    
Diluted earnings per share (in dollars per share) $ 1.56 $ 1.32 $ 3.58 $ 3.01
Average shares outstanding - in thousands        
Basic (in shares) 64,970 64,149 64,952 64,043
Diluted (in shares) 65,987 65,447 66,052 65,315
Dividends declared and paid $ 19.6 $ 16.2 $ 52.7 $ 45.0
Dividends declared and paid per share (in dollars per share) $ 0.30 $ 0.25 $ 0.80 $ 0.69
Comprehensive Income        
Net income $ 103.6 $ 87.3 $ 237.9 $ 198.4
Other comprehensive income (loss)        
Change in foreign currency translation (9.2) (18.1) (17.7) (16.4)
Change in accrued post-retirement benefit liability, net of tax 0.8 0.7 2.4 1.3
Loss on hedging activities, net of tax (0.1) (0.1) (0.3) (0.3)
Other comprehensive loss (8.5) (17.5) (15.6) (15.4)
Comprehensive income $ 95.1 $ 69.8 $ 222.3 $ 183.0