XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Condensed Consolidated Statements of Earnings and Comprehensive Income        
Net sales $ 996.9 $ 984.6 $ 1,790.9 $ 1,693.9
Cost of goods sold 675.7 699.2 1,224.3 1,235.5
Selling and administrative expenses 131.5 125.6 255.6 223.7
Research and development expenses 12.0 10.9 23.3 19.7
Other (income) expens, net (1.2) 0.9 (1.8) 0.6
Earnings before interest and income taxes 178.9 148.0 289.5 214.4
Interest expense, net 8.2 8.5 16.6 16.9
Earnings before income taxes from continuing operations 170.7 139.5 272.9 197.5
Income tax expense (Note 6) 55.4 44.7 89.1 63.2
Income from continuing operations 115.3 94.8 183.8 134.3
Discontinued operations        
Income (loss) before income taxes (0.1) 0.2 (0.1)  
Income tax expense   0.1    
Income (loss) from discontinued operations (0.1) 0.1 (0.1)  
Net income $ 115.2 $ 94.9 $ 183.7 $ 134.3
Basic earnings per share attributable to common shares        
Income from continuing operations $ 1.78 $ 1.45 $ 2.84 $ 2.05
Basic earnings per share 1.78 1.45 2.84 2.05
Diluted earnings per share attributable to common shares        
Income from continuing operations 1.75 1.43 2.80 2.02
Diluted earnings per share $ 1.75 $ 1.43 $ 2.80 $ 2.02
Average shares outstanding - in thousands        
Basic (in shares) 64,246 65,010 64,131 64,943
Diluted (in shares) 65,112 66,018 65,050 65,933
Dividends declared and paid $ 19.5 $ 16.4 $ 39.0 $ 33.1
Dividends declared and paid per share (in dollars per share) $ 0.30 $ 0.25 $ 0.60 $ 0.50
Comprehensive Income        
Net income $ 115.2 $ 94.9 $ 183.7 $ 134.3
Other comprehensive income (loss)        
Change in foreign currency translation (15.0) 12.2 (4.8) (8.5)
Change in accrued post-retirement benefit liability, net of tax 0.4 0.8 0.8 1.6
Other, net of tax (0.1) (0.1) (0.3) (0.2)
Other comprehensive income (loss) (14.7) 12.9 (4.3) (7.1)
Comprehensive income $ 100.5 $ 107.8 $ 179.4 $ 127.2