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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, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net sales $ 368.9 $ 344.5 $ 715.7 $ 683.9
Cost of goods and services sold 247.1 233.6 487.5 461.3
Gross profit 121.8 110.9 228.2 222.6
Research and development 9.9 9.5 19.9 18.6
Selling, general and administrative expenses 57.5 59.7 113.9 118.7
Other expense (income) (Note 11) 0.3 (0.8) 1.0 (0.6)
Operating profit 54.1 42.5 93.4 85.9
Loss on debt extinguishment 0 0 0 0.2
Interest expense 4.2 4.1 8.2 8.7
Interest income 0.5 0.4 0.9 1.0
Income before income taxes 50.4 38.8 86.1 78.0
Income tax expense 14.0 10.3 23.8 18.9
Equity in net income of affiliated companies 1.2 1.7 2.4 2.8
Net income $ 37.6 $ 30.2 $ 64.7 $ 61.9
Net income per share:        
Basic (in dollars per share) $ 0.53 $ 0.44 $ 0.92 $ 0.90
Diluted (in dollars per share) $ 0.52 $ 0.43 $ 0.89 $ 0.88
Weighted average shares outstanding:        
Basic (in shares) 70.8 69.5 70.7 69.2
Diluted (in shares) 72.4 70.8 72.4 70.6
Dividends declared per share $ 0.10 $ 0.10 $ 0.20 $ 0.19