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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net sales $ 362.1 $ 335.9
Cost of goods and services sold 238.8 226.2
Gross profit 123.3 109.7
Research and development 9.4 7.5
Selling, general and administrative expenses 58.1 55.2
Other expense (income) (Note 11) 25.8 (0.8)
Operating profit 30.0 47.8
Interest expense 2.5 4.1
Interest income 0.3 0.4
Income before income taxes 27.8 44.1
Income tax expense 6.9 12.5
Equity in net income of affiliated companies 1.2 1.3
Net income $ 22.1 $ 32.9
Net income per share:    
Basic (in dollars per share) $ 0.31 $ 0.46
Diluted (in dollars per share) $ 0.30 $ 0.45
Weighted average shares outstanding:    
Basic (in shares) 72.5 71.7
Diluted (in shares) 74.1 73.3
Dividends declared per share $ 0.12 $ 0.11