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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 376.7 $ 344.5 $ 1,126.8 $ 1,040.1
Cost of goods and services sold 255.6 236.2 749.1 703.9
Gross profit 121.1 108.3 377.7 336.2
Research and development 9.0 8.5 27.2 24.1
Selling, general and administrative expenses 58.3 54.6 178.9 170.6
Other expense (Note 12) 2.5 48.7 29.1 58.1
Operating profit (loss) 51.3 (3.5) 142.5 83.4
Interest expense 2.2 3.7 6.7 11.2
Interest income 0.2 0.5 0.8 1.3
Income (loss) before income taxes 49.3 (6.7) 136.6 73.5
Income tax expense (benefit) 14.4 (6.6) 38.3 15.1
Equity in net income of affiliated companies 2.7 1.6 6.2 3.8
Net income $ 37.6 $ 1.5 $ 104.5 $ 62.2
Net income per share:        
Basic (in dollars per share) $ 0.51 $ 0.02 $ 1.43 $ 0.86
Diluted (in dollars per share) $ 0.50 $ 0.02 $ 1.40 $ 0.85
Weighted average shares outstanding:        
Basic (in shares) 73.3 72.2 73.0 71.9
Diluted (in shares) 75.0 73.9 74.7 73.6
Dividends declared per share $ 0.13 $ 0.12 $ 0.37 $ 0.34