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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Net sales $ 339.4 $ 347.0 $ 1,021.4 $ 1,034.8
Cost of sales 123.8 127.0 365.5 367.1
Gross profit 215.6 220.0 655.9 667.7
Selling, general and administrative expenses 175.3 179.9 505.9 540.5
Restructuring charges and other, net (1.5) 21.0 1.8 21.0
Operating income 41.8 19.1 148.2 106.2
Other expenses, net:        
Interest expense 16.2 19.9 50.8 59.5
Interest expense - preferred stock dividends 1.7 1.6 4.9 4.8
Amortization of debt issuance costs 1.3 1.3 3.8 3.9
Loss on early extinguishment of debt 0.2 0 28.1 0
Foreign currency losses (gains), net 0.4 (0.1) 2.9 2.0
Miscellaneous, net 0.5 (0.1) 0.5 0.2
Other expenses, net 20.3 22.6 91.0 70.4
Income (loss) from continuing operations before income taxes 21.5 (3.5) 57.2 35.8
Provision for income taxes 12.0 11.5 30.2 31.6
Income (loss) from continuing operations, net of taxes 9.5 (15.0) 27.0 4.2
Income from discontinued operations, net of taxes 0 0 0.3 0.4
Net income (loss) 9.5 (15.0) 27.3 4.6
Other comprehensive income (loss):        
Currency translation adjustment, net of tax 1.1 [1] (1.9) [1] (3.6) [1] 0.3 [1]
Amortization of pension related costs, net of tax 2.0 [2],[3] 1.8 [2],[3] 5.8 [2],[3] 7.5 [2],[3]
Other comprehensive income (loss) 3.1 (0.1) 2.2 [4] 7.8
Total comprehensive income (loss) $ 12.6 $ (15.1) $ 29.5 $ 12.4
Income from Continuing Operations, Per Basic Share $ 0.18 $ (0.29) $ 0.51 $ 0.08
Income from Discontinued Operations, Net of Tax, Per Basic Share $ 0.00 $ 0.00 $ 0.01 $ 0.01
Basic earnings per share (usd per share) $ 0.18 $ (0.29) $ 0.52 $ 0.09
Income from Continuing Operations, Per Diluted Share $ 0.18 $ (0.29) $ 0.51 $ 0.08
Income from Discontinued Operations, Net of Tax, Per Diluted Share $ 0.00 $ 0.00 $ 0.01 $ 0.01
Diluted earnings per share (usd per share) $ 0.18 $ (0.29) $ 0.52 $ 0.09
Weighted average number of common shares outstanding:        
Basic (shares) 52,356,798 52,356,641 52,356,798 52,345,895
Diluted (shares) 52,356,798 52,356,641 52,356,798 52,356,911
[1] Net of tax expense (benefit) of $0.9 million and $(0.7) million for the three months ended September 30, 2013 and 2012, respectively, and $3.2 million and $0.7 million for the nine months ended September 30, 2013 and 2012, respectively.
[2] Net of tax benefit of $(0.2) million for the three months ended September 30, 2013 and 2012 and $(0.9) million and $(0.7) million for the nine months ended September 30, 2013 and 2012, respectively.
[3] This other comprehensive income component is included in the computation of net periodic benefit (income) costs. See Note 2, “Pension and Post-Retirement Benefits,” for additional information regarding net periodic benefit (income) costs.
[4] See Note 8, “Accumulated Other Comprehensive Loss,” regarding the changes in the accumulated balances for each component of other comprehensive income during the first nine months of 2013.