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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net Sales $ 431.7 $ 398.2 $ 1,294.9 $ 1,183.5
Cost of goods and services sold 296.1 273.1 882.7 799.2
Gross profit 135.6 125.1 412.2 384.3
Research and development 10.1 9.1 30.5 29.4
Selling, general and administrative expenses 64.9 62.6 203.2 186.4
Other (income) expense (Note 13) (0.2) (9.5) 4.0 3.1
Operating profit 60.8 62.9 174.5 165.4
Interest expense 2.0 1.4 6.1 5.7
Interest income (0.5) (0.3) (1.4) (0.9)
Other nonoperating income (1.8) (1.1) (5.1) (2.5)
Income before income taxes 61.1 62.9 174.9 163.1
Income tax expense 8.0 14.0 26.5 19.1
Equity in net income of affiliated companies (2.1) (2.1) (6.5) (6.7)
Net income $ 55.2 $ 51.0 $ 154.9 $ 150.7
Net income per share:        
Basic (in dollars per share) $ 0.75 $ 0.69 $ 2.10 $ 2.04
Diluted (in dollars per share) $ 0.73 $ 0.67 $ 2.05 $ 1.99
Weighted average shares outstanding:        
Basic (in shares) 73.9 74.2 73.9 73.8
Diluted (in shares) 75.7 75.9 75.4 75.8
Dividends declared per share $ 0.15 $ 0.14 $ 0.43 $ 0.40