Quarterly Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
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Dec. 31, 2016 |
Oct. 01, 2016 |
Jul. 02, 2016 |
Apr. 02, 2016 |
Dec. 31, 2015 |
Oct. 03, 2015 |
Jul. 04, 2015 |
Apr. 04, 2015 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||
Net Sales | $ 1,083.0 | $ 1,093.0 | $ 1,242.2 | $ 1,070.3 | $ 986.1 | $ 991.9 | $ 1,142.0 | $ 985.7 | $ 4,488.5 | $ 4,105.7 | $ 3,838.7 | ||||||||||||||||
Gross margin | [1] | 280.0 | 309.7 | 353.3 | 282.1 | 249.7 | 281.7 | 324.4 | 258.8 | 1,225.1 | 1,114.6 | ||||||||||||||||
Pension Settlement Charge | 55.1 | [2] | 0.0 | [2] | 0.0 | [2] | 0.0 | [2] | 82.3 | [2] | 0.0 | [2] | 0.0 | [2] | 0.0 | [2] | 55.1 | 82.3 | 27.9 | ||||||||
Restructuring, Integration and Impairment Charges | 6.8 | [3] | 2.4 | [3] | 2.6 | [3] | 3.8 | [3] | 12.4 | [3] | 0.0 | [3] | 0.0 | [3] | 0.0 | [3] | 15.6 | 12.4 | 4.2 | ||||||||
Net Earnings from Continuing Operations | 17.8 | 85.3 | 108.1 | 63.2 | (9.0) | 72.2 | 107.6 | 56.6 | 274.4 | 227.4 | 194.9 | ||||||||||||||||
Net Earnings (Loss) from Discontinued Operations, Net of Tax | (0.1) | [4] | 0.1 | [4] | 0.0 | [4] | 1.6 | [4] | (0.3) | [4] | 3.7 | [4] | 10.2 | [4] | 0.4 | [4] | 1.6 | 14.0 | 50.8 | ||||||||
Net Earnings | $ 17.7 | $ 85.4 | $ 108.1 | $ 64.8 | $ (9.3) | $ 75.9 | $ 117.8 | $ 57.0 | $ 276.0 | $ 241.4 | $ 245.7 | ||||||||||||||||
Basic Earnings Per Common Share | |||||||||||||||||||||||||||
Earnings from Continuing Operations (in Dollars Per Share) | $ 0.20 | $ 0.94 | $ 1.18 | $ 0.69 | $ (0.10) | $ 0.78 | $ 1.15 | $ 0.60 | $ 3.01 | $ 2.45 | $ 2.08 | ||||||||||||||||
Net Earnings (Loss) from Discontinued Operations (in Dollars Per Share) | 0.00 | [4] | 0.00 | [4] | 0.00 | [4] | 0.02 | [4] | 0.00 | [4] | 0.04 | [4] | 0.11 | [4] | 0.01 | [4] | 0.02 | 0.15 | 0.55 | ||||||||
Net Earnings (in Dollars per Share) | 0.20 | 0.94 | 1.18 | 0.71 | (0.10) | 0.82 | 1.26 | 0.61 | 3.03 | 2.60 | 2.63 | ||||||||||||||||
Diluted Earnings Per Common Share | |||||||||||||||||||||||||||
Net Earnings (Loss) from Continuing Operations (in Dollars per Share) | 0.19 | 0.93 | 1.17 | 0.68 | (0.10) | 0.77 | 1.14 | 0.59 | 2.98 | 2.41 | 2.05 | ||||||||||||||||
Net Earnings (Loss) from Discontinued Operations (in Dollars per Share) | 0.00 | [4] | 0.00 | [4] | 0.00 | [4] | 0.02 | [4] | 0.00 | [4] | 0.04 | [4] | 0.11 | [4] | 0.01 | [4] | 0.02 | 0.15 | 0.53 | ||||||||
Net Earnings (in Dollars per Share) | 0.19 | 0.93 | 1.17 | 0.70 | (0.10) | 0.81 | 1.25 | 0.60 | 3.00 | 2.56 | 2.58 | ||||||||||||||||
Dividends Declared | 0.165 | 0.15 | 0.15 | 0.15 | 0.15 | 0.125 | 0.125 | 0.125 | 0.615 | 0.525 | $ 0.45 | ||||||||||||||||
Common Stock Price [Abstract] | |||||||||||||||||||||||||||
High | 56.30 | 50.96 | 51.59 | 50.31 | 55.65 | 55.76 | 56.03 | 56.63 | 56.30 | 56.63 | |||||||||||||||||
Low | $ 42.02 | $ 44.10 | $ 41.19 | $ 36.05 | $ 47.51 | $ 46.08 | $ 49.79 | $ 50.03 | $ 36.05 | $ 46.08 | |||||||||||||||||
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- References No definition available.
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- Definition The aggregate amount provided for estimated restructuring and integration charges and definite-lived asset impairment loss during an accounting period. Generally, these items are either unusual or infrequent, but not both (in which case they would be extraordinary items). No definition available.
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- Definition The daily high market price of a stock on the New York Stock Exchange (NYSE). No definition available.
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- Definition The daily low market price of a stock on the New York Stock Exchange (NYSE). No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of net gain (loss) recognized in net periodic benefit cost as a result of an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include, but are not limited to, lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contracts to cover vested benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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