Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net sales $ 459.8 $ 492.5
Cost of sales 261.5 281.4
Gross profit 198.3 211.1
Operating expenses:    
Selling, technical, general and administrative 142.4 140.8
Research and development 10.8 11.4
Total operating expenses 153.2 152.2
Operating profit 45.1 58.9
Other expense:    
Interest expense, net (38.1) (77.2)
Foreign exchange gain 27.1 7.5
Other (expense) income, net (48.0) 11.8
Total other expense (59.0) (57.9)
(Loss) income before income taxes and non-controlling interests (13.9) 1.0
Income tax benefit (expense) 10.4 (9.9)
Net loss from continuing operations (3.5) (8.9)
Income from discontinued operations, net of tax 27.4 46.9
Net income 23.9 38.0
Net income attributable to the non-controlling interests (0.7) (0.7)
Net income attributable to common stockholders $ 23.2 $ 37.3
(Loss) earnings per share    
Basic from continuing operations (in dollars per share) $ (0.02) $ (0.04)
Basic from discontinued operations (in dollars per share) 0.11 0.17
Basic (in dollars per share) 0.09 0.13
Diluted from continuing operations (in dollars per share) (0.02) (0.04)
Diluted from discontinued operations (in dollars per share) 0.11 0.17
Diluted (in dollars per share) $ 0.09 $ 0.13
Weighted average common shares outstanding    
Basic (in shares) 268.2 287.9
Diluted (in shares) 268.2 287.9