XML 72 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Net sales $ 1,893.9 $ 1,856.4 $ 3,745.0 $ 3,768.9
Cost of sales 1,497.3 1,473.2 2,973.7 2,989.9
Gross profit 396.6 383.2 771.3 779.0
Selling, general and administrative expenses 155.6 153.1 314.9 322.1
Other (income) expense (2.4) 36.6 14.5 37.7
Operating income 243.4 193.5 441.9 419.2
Equity in affiliates’ earnings, net of tax (11.1) (12.5) (20.8) (21.7)
Interest income (1.0) (1.3) (2.0) (2.7)
Interest expense and finance charges 8.8 12.6 18.5 27.7
Earnings before income taxes and noncontrolling interest 246.7 194.7 446.2 415.9
Provision for income taxes 66.6 68.5 117.5 126.0
Net earnings 180.1 126.2 328.7 289.9
Net earnings attributable to the noncontrolling interest, net of tax 6.0 5.6 12.6 11.3
Net earnings attributable to the noncontrolling interest, net of tax $ 174.1 $ 120.6 $ 316.1 $ 278.6
Earnings per share — basic $ 1.52 $ 1.08 $ 2.75 $ 2.53
Earnings per share — diluted $ 1.50 $ 1.00 $ 2.72 $ 2.28
Weighted average shares outstanding:        
Basic 114,748 112,139 114,967 110,280
Diluted 116,101 121,473 116,333 124,608