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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 447.5 $ 397.6 $ 863.2 $ 785.3
Cost of goods and services sold 305.3 272.6 586.6 526.1
Gross profit 142.2 125.0 276.6 259.2
Research and development 10.8 10.0 20.4 20.3
Selling, general and administrative expenses 70.0 61.3 138.3 123.8
Other expense (Note 13) 1.1 11.7 4.2 12.6
Operating profit 60.3 42.0 113.7 102.5
Interest expense 2.2 2.2 4.1 4.3
Interest income (0.3) (0.3) (0.9) (0.6)
Other nonoperating income (1.7) (0.6) (3.3) (1.4)
Income before income taxes 60.1 40.7 113.8 100.2
Income tax expense 6.0 2.9 18.5 5.1
Equity in net income of affiliated companies (2.0) (1.0) (4.4) (4.6)
Net income $ 56.1 $ 38.8 $ 99.7 $ 99.7
Net income per share:        
Basic (in dollars per share) $ 0.76 $ 0.53 $ 1.35 $ 1.35
Diluted (in dollars per share) $ 0.75 $ 0.51 $ 1.33 $ 1.32
Weighted average shares outstanding:        
Basic (in shares) 73.6 73.9 73.8 73.6
Diluted (in shares) 75.0 75.8 75.2 75.7
Dividends declared per share $ 0.14 $ 0.13 $ 0.28 $ 0.26