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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Net sales $ 991.0 $ 973.1 $ 2,781.9 $ 2,667.0
Cost of goods sold 667.4 677.6 1,891.7 1,913.1
Selling and administrative expenses 135.6 121.7 391.2 345.4
Research and development expenses 12.3 11.3 35.6 31.0
Impairment charges 141.5   141.5  
Other (income) expens, net (2.2) 0.7 (4.0) 1.3
Earnings before interest and income taxes 36.4 161.8 325.9 376.2
Interest expense, net 7.5 8.7 24.1 25.6
Earnings before income taxes from continuing operations 28.9 153.1 301.8 350.6
Income tax expense 38.4 49.5 127.5 112.7
(Loss) income from continuing operations (9.5) 103.6 174.3 237.9
Discontinued operations:        
Loss before income taxes (0.6)   (0.7)  
Income tax benefit (0.3)   (0.3)  
Loss from discontinued operations (0.3)   (0.4)  
Net (loss) income $ (9.8) $ 103.6 $ 173.9 $ 237.9
Basic earnings per share attributable to common shares:        
(Loss) income from continuing operations $ (0.15) $ 1.59 $ 2.69 $ 3.64
Basic (loss) earnings per share (0.15) 1.59 2.69 3.64
Diluted earnings per share attributable to common shares:        
(Loss) income from continuing operations (0.15) 1.56 2.66 3.58
Diluted (loss) earnings per share $ (0.15) $ 1.56 $ 2.66 $ 3.58
Average shares outstanding (in thousands):        
Basic (in shares) 64,353 64,970 64,206 64,952
Diluted (in shares) 64,353 65,987 64,879 66,052
Dividends declared and paid $ 22.8 $ 19.6 $ 61.8 $ 52.7
Dividends declared and paid per share (in dollars per share) $ 0.35 $ 0.30 $ 0.95 $ 0.80
Comprehensive Income        
Net (loss) income $ (9.8) $ 103.6 $ 173.9 $ 237.9
Other comprehensive (loss) income:        
Change in foreign currency translation (0.5) (9.2) (5.3) (17.7)
Change in accrued post-retirement benefit liability, net of tax 0.3 0.8 1.1 2.4
Other, net of tax (0.1) (0.1) (0.4) (0.3)
Other comprehensive loss (0.3) (8.5) (4.6) (15.6)
Comprehensive (loss) income $ (10.1) $ 95.1 $ 169.3 $ 222.3