Condensed Statements of Operations - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
|
| Income Statement [Abstract] | ||||
| Sales | $ 1,728.4 | $ 1,526.5 | $ 3,438.7 | $ 3,093.6 |
| Operating expenses: | ||||
| Cost of goods sold | 1,460.7 | 1,407.9 | 2,989.4 | 2,805.4 |
| Selling and administration | 110.3 | 84.8 | 210.8 | 177.7 |
| Restructuring charges | 6.4 | 8.5 | 10.4 | 16.7 |
| Acquisition-related costs | 0.3 | 4.4 | 0.6 | 11.4 |
| Other operating income (expense) | 0.0 | 0.3 | 8.1 | (0.1) |
| Operating income | 150.7 | 21.2 | 235.6 | 82.3 |
| Earnings (losses) of non-consolidated affiliates | (21.1) | 0.5 | (20.6) | 1.0 |
| Interest expense | 61.1 | 52.5 | 124.8 | 104.9 |
| Interest income | 0.4 | 0.4 | 0.8 | 0.6 |
| Non-operating pension income | 5.4 | 8.6 | 10.8 | 17.1 |
| Income (loss) before taxes | 74.3 | (21.8) | 101.8 | (3.9) |
| Income tax provision (benefit) | 15.7 | (15.9) | 22.3 | (11.4) |
| Net income (loss) | $ 58.6 | $ (5.9) | $ 79.5 | $ 7.5 |
| Net income (loss) per common share: | ||||
| Basic | $ 0.35 | $ (0.04) | $ 0.48 | $ 0.05 |
| Diluted | 0.35 | (0.04) | 0.47 | 0.04 |
| Dividends per common share | $ 0.20 | $ 0.20 | $ 0.40 | $ 0.40 |
| Average common shares outstanding: | ||||
| Basic | 167.1 | 166.1 | 167.1 | 165.8 |
| Diluted | 168.8 | 166.1 | 169.1 | 168.0 |