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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 355.9 $ 341.8 $ 1,071.6 $ 1,025.7
Cost of goods and services sold 246.0 236.3 733.5 697.6
Gross profit 109.9 105.5 338.1 328.1
Research and development 9.6 9.6 29.5 28.2
Selling, general and administrative expenses 56.0 56.1 169.9 174.9
Other expense (income) (Note 11) 0.3 0.1 1.3 (0.5)
Operating profit 44.0 39.7 137.4 125.5
Loss on debt extinguishment 0 0 0 0.2
Interest expense 4.5 4.4 12.7 13.1
Interest income 1.8 0.4 2.7 1.4
Income before income taxes 41.3 35.7 127.4 113.6
Income tax expense 11.7 10.6 35.5 29.5
Equity in net income of affiliated companies 1.4 1.7 3.8 4.6
Net income $ 31.0 $ 26.8 $ 95.7 $ 88.7
Net income per share:        
Basic (in dollars per share) $ 0.44 $ 0.38 $ 1.35 $ 1.28
Diluted (in dollars per share) $ 0.43 $ 0.37 $ 1.32 $ 1.25
Weighted average shares outstanding:        
Basic (in shares) 71.0 69.8 70.8 69.4
Diluted (in shares) 72.6 71.4 72.5 70.9
Dividends declared per share $ 0.11 $ 0.10 $ 0.31 $ 0.29