Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net Sales $ 464.7 $ 488.5 $ 1,381.2 $ 1,482.6
Cost of Sales 259.0 278.9 784.2 847.2
Gross profit 205.7 209.6 597.0 635.4
Operating expenses:        
Selling, technical, general and administrative 128.8 139.5 397.6 424.6
Research and development 10.0 10.5 31.9 33.1
Total operating expenses 138.8 150.0 429.5 457.7
Operating profit 66.9 59.6 167.5 177.7
Other expense:        
Interest expense, net (17.4) (77.9) (73.7) (233.4)
Foreign exchange (loss) gain (1.2) (4.7) (2.4) 0.4
Other income (expense), net 2.9 (0.1) (46.2) 13.6
Total other expense (15.7) (82.7) (122.3) (219.4)
Income (loss) before income taxes and non-controlling interests 51.2 (23.1) 45.2 (41.7)
Income tax (expense) benefit (57.2) 18.8 (40.0) (21.1)
Net (loss) income from continuing operations (6.0) (4.3) 5.2 (62.8)
(Loss) income from discontinued operations, net of tax (0.9) (401.6) 13.2 (293.3)
Net (loss) income (6.9) (405.9) 18.4 (356.1)
Net income attributable to non-controlling interests 0.0 (3.0) (0.6) (3.5)
Net (loss) income attributable to common stockholders $ (6.9) $ (408.9) $ 17.8 $ (359.6)
(Loss) earnings per share        
Basic from continuing operations (in dollars per share) $ (0.02) $ (0.02) $ 0.02 $ (0.23)
Basic from discontinued operations (in dollars per share) (0.01) (1.40) 0.05 (1.02)
Basic (in dollars per share) (0.03) (1.42) 0.07 (1.25)
Diluted from continuing operations (in dollars per share) (0.02) (0.02) 0.02 (0.23)
Diluted from discontinued operations (in dollars per share) (0.01) (1.40) 0.05 (1.02)
Diluted (in dollars per share) $ (0.03) $ (1.42) $ 0.07 $ (1.25)
Weighted average common shares outstanding        
Basic (in shares) 254.4 288.2 259.9 288.1
Diluted (in shares) 254.4 288.2 262.4 288.1