|
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (USD $)
In Millions, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Income Statement [Abstract] |
|
|
| Revenues |
$ 690.0 |
$ 644.7 |
| Cost of sales |
401.6 |
383.0 |
| Selling, general and administrative |
87.1 |
80.9 |
| Research, development and engineering |
75.6 |
70.7 |
| Operating earnings |
125.7 |
110.1 |
| Operating earnings, as percentage of revenues |
18.20% |
17.10% |
| Interest expense |
24.3 |
30.6 |
| Earnings from continuing operations before income taxes |
101.4 |
79.5 |
| Income tax expense |
23.8 |
16.3 |
| Net earnings from continuing operations |
77.6 |
63.2 |
| Net earnings from discontinued operations |
|
45.8 |
| Net earnings |
77.6 |
109.0 |
| Other comprehensive income (loss): |
|
|
| Foreign currency translation adjustment and other |
(50.6) |
3.9 |
| Comprehensive income |
$ 27.0 |
$ 112.9 |
| Basic net earnings per share - Continuing operations |
$ 0.74 |
$ 0.61 |
| Basic net earnings per share - Discontinued operations |
|
$ 0.44 |
| Basic net earnings per share |
$ 0.74 |
$ 1.05 |
| Diluted net earnings per share - Continuing operations |
$ 0.74 |
$ 0.61 |
| Diluted net earnings per share - Discontinued operations |
|
$ 0.44 |
| Diluted net earnings per share |
$ 0.74 |
$ 1.05 |
| Dividends declared per share |
$ 0.19 |
|
| Basic weighted average common shares |
104.5 |
103.9 |
| Weighted average common shares - diluted |
104.9 |
104.3 |