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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
[1]
Income Statement [Abstract]    
Net sales $ 2,564.5 $ 2,693.7
Cost of sales 1,117.0 1,152.3
Gross profit 1,447.5 1,541.4
Selling, general and administrative expenses 1,460.5 1,468.1
Acquisition and integration costs 13.9 52.9
Restructuring charges and other, net 20.2 33.4
Impairment charges 18.0 10.8
Loss on disposal of minority investment 20.1 0.0
Operating loss (85.2) (23.8)
Other expenses:    
Interest expense 176.6 149.8
Amortization of debt issuance costs 13.0 9.1
Foreign currency losses (gains), net 15.8 (18.5)
Miscellaneous, net 1.3 (0.7)
Other expenses 206.7 139.7
Loss from continuing operations before income taxes (291.9) (163.5)
Provision for income taxes 2.2 21.8
Loss from continuing operations, net of taxes (294.1) (185.3)
(Loss) income from discontinued operations, net of taxes (0.1) 2.1
Net loss (294.2) (183.2)
Other comprehensive (loss) income:    
Foreign currency translation adjustments, net of tax [2] (9.4) 9.0
Amortization of pension related costs, net of tax [3],[4] 8.4 8.1
Pension re-measurement, net of tax [5] (5.5) 1.8
Pension curtailment gain, net of tax [6] 0.0 2.1
Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, net of tax [7] 0.7 2.3
Other comprehensive (loss) income, net [8] (5.8) 23.3
Total comprehensive loss $ (300.0) $ (159.9)
Basic (loss) earnings per common share:    
Continuing operations (usd per share) $ (5.57) $ (3.52)
Discontinued operations (usd per share) 0.00 0.04
Net (loss) income (usd per share) (5.57) (3.48)
Diluted (loss) earnings per common share:    
Continuing operations (usd per share) (5.57) (3.52)
Discontinued operations (usd per share) 0.00 0.04
Net (loss) income (usd per share) $ (5.57) $ (3.48)
Weighted average number of common shares outstanding:    
Basic (in shares) 52,797,686 52,597,582
Diluted (in shares) 52,797,686 52,597,582
[1] Adjusted as a result of the adoption of certain accounting pronouncements during 2018. See Note 1, "Description of Business and Summary of Significant Accounting Policies - Recently Adopted Accounting Pronouncements," for details of these adjustments.
[2] Net of tax benefit of $0.1 million and $0.4 million for the years ended December 31, 2018 and 2017, respectively.
[3] Net of tax expense of $1.0 million and $1.6 million for the years ended December 31, 2018 and 2017, respectively.
[4] This amount is included in the computation of net periodic benefit costs (income). See Note 13, "Pension and Post-Retirement Benefits," for additional information regarding net periodic benefit costs (income).
[5] Net of tax benefit of $2.5 million and $0.3 million for the years ended December 31, 2018 and 2017, respectively.
[6] Net of tax expense of $0.3 million for the year ended December 31, 2017.
[7] Net of tax benefit of $0.5 million and $1.4 million for the years ended December 31, 2018 and 2017, respectively.
[8] See Note 16, "Accumulated Other Comprehensive Loss," regarding the changes in the accumulated balances for each component of other comprehensive loss during 2018 and 2017.