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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]    
Net sales $ 415.7 $ 387.7
Cost of goods and services sold 281.3 253.5
Gross profit 134.4 134.2
Research and development 9.6 10.3
Selling, general and administrative expenses 68.3 62.5
Other expense (Note 13) 3.1 0.9
Operating profit 53.4 60.5
Interest expense 1.9 2.1
Interest income (0.6) (0.3)
Other nonoperating income (1.6) (0.8)
Income before income taxes 53.7 59.5
Income tax expense 12.5 2.2
Equity in net income of affiliated companies (2.4) (3.6)
Net income $ 43.6 $ 60.9
Net income per share:    
Basic (in dollars per share) $ 0.59 $ 0.83
Diluted (in dollars per share) $ 0.58 $ 0.81
Weighted average shares outstanding:    
Basic (in shares) 73.9 73.3
Diluted (in shares) 75.5 74.9
Dividends declared per share $ 0.14 $ 0.13