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UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net sales $ 439.6 $ 438.5
Cost of sales 153.9 142.3
Gross profit 285.7 296.2
Selling, general and administrative expenses 245.8 246.9
Acquisition and integration costs 0.5 1.2
Restructuring charges and other, net 1.3 0.5
Operating income 38.1 47.6
Other expenses, net:    
Interest expense 21.0 20.0
Amortization of debt issuance costs 1.5 1.4 [1]
Foreign currency (gains) losses, net (3.4) 15.9
Miscellaneous, net 0.3 0.0
Other expenses, net 19.4 37.3
Income from continuing operations before income taxes 18.7 10.3
Provision for income taxes 6.1 9.6
Income from continuing operations, net of taxes 12.6 0.7
Income (loss) from discontinued operations, net of taxes 0.4 (0.1)
Net income 13.0 0.6 [1]
Other comprehensive income (loss):    
Foreign currency translation adjustment, net of tax [2] 2.7 (13.4)
Amortization of pension related costs, net of tax [3],[4] 1.8 1.7
Revaluation of derivative financial instruments, net of reclassifications into earnings [5] (0.9) (1.9)
Other comprehensive income (loss) 3.6 [6] (13.6)
Total comprehensive income (loss) $ 16.6 $ (13.0)
[1] Adjusted as a result of the adoption of certain accounting pronouncements beginning on January 1, 2016. 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 expense (benefit) of $0.1 million and $(2.6) million for the three months ended March 31, 2016 and 2015, respectively.
[3] Net of tax expense of $0.3 million for each of the three months ended March 31, 2016 and 2015.
[4] This other comprehensive income component is included in the computation of net periodic benefit (income) costs. See Note 11, “Pension and Post-Retirement Benefits,” for additional information regarding net periodic benefit (income) costs.
[5] Net of tax benefit of $0.5 million and $1.2 million for the three months ended March 31, 2016 and 2015, respectively.
[6] See Note 13, “Accumulated Other Comprehensive Loss,” regarding the changes in the accumulated balances for each component of other comprehensive income (loss) during the three months ended March 31, 2016.