Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 477.5 $ 464.7 $ 1,317.1 $ 1,381.2
Cost of sales 274.0 259.0 753.8 784.2
Gross profit 203.5 205.7 563.3 597.0
Operating expenses:        
Selling, technical, general and administrative 134.8 128.8 373.4 397.6
Research and development 10.1 10.0 37.2 31.9
Total operating expenses 144.9 138.8 410.6 429.5
Operating profit 58.6 66.9 152.7 167.5
Other (expense) income:        
Interest expense, net (17.1) (17.4) (50.7) (73.7)
Foreign exchange loss (3.5) (1.2) (42.1) (2.4)
Other (expense) income, net (49.1) 2.9 (50.4) (46.2)
Total other expense (69.7) (15.7) (143.2) (122.3)
(Loss) income before income taxes and non-controlling interests (11.1) 51.2 9.5 45.2
Income tax benefit (expense) 47.3 (57.2) 37.4 (40.0)
Net income (loss) from continuing operations 36.2 (6.0) 46.9 5.2
(Loss) income from discontinued operations, net of tax (0.2) (0.9) (1.1) 13.2
Net income (loss) 36.0 (6.9) 45.8 18.4
Net income attributable to non-controlling interests 0.0 0.0 0.0 (0.6)
Net income (loss) attributable to common stockholders $ 36.0 $ (6.9) $ 45.8 $ 17.8
Earnings (loss) per share        
Basic from continuing operations (in dollars per share) $ 0.15 $ (0.02) $ 0.19 $ 0.02
Basic from discontinued operations (in dollars per share) 0 (0.01) 0 0.05
Basic attributable to common stockholders (in dollars per share) 0.15 (0.03) 0.19 0.07
Diluted from continuing operations (in dollars per share) 0.15 (0.02) 0.19 0.02
Diluted from discontinued operations (in dollars per share) 0 (0.01) 0 0.05
Diluted attributable to common stockholders (in dollars per share) $ 0.15 $ (0.03) $ 0.19 $ 0.07
Weighted average common shares outstanding        
Basic (in shares) 248.9 254.4 249.4 259.9
Diluted (in shares) 249.1 254.4 250.1 262.4