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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales $ 388.0 $ 359.7 $ 750.1 $ 695.6
Cost of goods and services sold 254.7 241.5 493.5 467.7
Gross profit 133.3 118.2 256.6 227.9
Research and development 8.8 8.1 18.2 15.6
Selling, general and administrative expenses 62.5 60.8 120.6 116.0
Other expense (Note 12) 0.8 10.2 26.6 9.4
Operating profit 61.2 39.1 91.2 86.9
Interest expense 2.0 3.4 4.5 7.5
Interest income 0.3 0.4 0.6 0.8
Income before income taxes 59.5 36.1 87.3 80.2
Income tax expense 17.0 9.2 23.9 21.7
Equity in net income of affiliated companies 2.2 0.9 3.5 2.2
Net income $ 44.7 $ 27.8 $ 66.9 $ 60.7
Net income per share:        
Basic (in dollars per share) $ 0.61 $ 0.39 $ 0.92 $ 0.84
Diluted (in dollars per share) $ 0.60 $ 0.38 $ 0.90 $ 0.83
Weighted average shares outstanding:        
Basic (in shares) 73.3 72.0 72.9 71.9
Diluted (in shares) 74.8 73.7 74.5 73.5
Dividends declared per share $ 0.12 $ 0.11 $ 0.24 $ 0.22