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, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 616.2 $ 477.5 $ 1,752.9 $ 1,317.1
Cost of sales 371.7 274.0 1,028.9 753.8
Gross profit 244.5 203.5 724.0 563.3
Operating expenses:        
Selling, technical, general and administrative 163.5 134.8 447.8 373.4
Research and development 12.5 10.1 36.8 37.2
Total operating expenses 176.0 144.9 484.6 410.6
Operating profit 68.5 58.6 239.4 152.7
Other (expense) income:        
Interest expense, net (13.8) (17.1) (39.6) (50.7)
Foreign exchange (loss) gain (0.6) (3.5) 22.2 (42.1)
Other expense, net (0.9) (49.1) (8.2) (50.4)
Total other expense (15.3) (69.7) (25.6) (143.2)
Income (loss) before income taxes and non-controlling interests 53.2 (11.1) 213.8 9.5
Income tax (expense) benefit (17.3) 47.3 (16.5) 37.4
Net income from continuing operations 35.9 36.2 197.3 46.9
(Loss) income from discontinued operations, net of tax 0.0 (0.2) 2.0 (1.1)
Net income 35.9 36.0 199.3 45.8
Net loss attributable to non-controlling interests 0.1 0.0 0.1 0.0
Net income attributable to common stockholders $ 36.0 $ 36.0 $ 199.4 $ 45.8
Earnings per share        
Basic from continuing operations (in dollars per share) $ 0.15 $ 0.15 $ 0.80 $ 0.19
Basic from discontinued operations (in dollars per share) 0 0 0.01 0
Basic attributable to common stockholders (in dollars per share) 0.15 0.15 0.81 0.19
Diluted from continuing operations (in dollars per share) 0.15 0.15 0.79 0.19
Diluted from discontinued operations (in dollars per share) 0 0 0.01 0
Diluted attributable to common stockholders (in dollars per share) $ 0.15 $ 0.15 $ 0.80 $ 0.19
Weighted average common shares outstanding        
Basic (in shares) 247.6 248.9 247.5 249.4
Diluted (in shares) 248.0 249.1 248.0 250.1