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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Net sales $ 344.5 $ 324.8 $ 683.9 $ 641.1
Cost of goods and services sold 233.6 226.1 461.3 441.3
Gross profit 110.9 98.7 222.6 199.8
Research and development 9.5 8.2 18.6 16.5
Selling, general and administrative expenses 59.7 54.4 118.7 105.7
Restructuring and other items (Note 2) (0.8) 0.5 (0.6) 0.3
Operating profit 42.5 35.6 85.9 77.3
Loss on debt extinguishment 0 11.6 0.2 11.6
Interest expense 4.1 4.6 8.7 8.8
Interest income 0.4 0.6 1.0 1.0
Income before income taxes 38.8 20.0 78.0 57.9
Income tax expense 10.3 6.5 18.9 16.4
Equity in net income of affiliated companies 1.7 2.1 2.8 3.3
Net income $ 30.2 $ 15.6 $ 61.9 $ 44.8
Net income per share:        
Basic (in dollars per share) $ 0.87 $ 0.46 $ 1.79 $ 1.32
Diluted (in dollars per share) $ 0.86 $ 0.45 $ 1.76 $ 1.27
Weighted average shares outstanding:        
Basic (in shares) 34.7 34.0 34.6 33.9
Diluted (in shares) 35.4 36.6 35.3 36.9
Dividends declared per share $ 0.19 $ 0.18 $ 0.38 $ 0.36