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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 469.7 $ 447.5 $ 913.2 $ 863.2
Cost of goods and services sold 311.8 305.3 608.5 586.6
Gross profit 157.9 142.2 304.7 276.6
Research and development 9.6 10.8 19.4 20.4
Selling, general and administrative expenses 70.3 70.0 138.9 138.3
Other (income) expense (Note 15) (2.5) 1.1 (4.8) 4.2
Operating profit 80.5 60.3 151.2 113.7
Interest expense 2.0 2.2 4.3 4.1
Interest income (0.6) (0.3) (1.5) (0.9)
Other nonoperating income (0.5) (1.7) (1.1) (3.3)
Income before income taxes 79.6 60.1 149.5 113.8
Income tax expense 15.5 6.0 31.6 18.5
Equity in net income of affiliated companies (2.0) (2.0) (3.6) (4.4)
Net income $ 66.1 $ 56.1 $ 121.5 $ 99.7
Net income per share:        
Basic (in dollars per share) $ 0.90 $ 0.76 $ 1.64 $ 1.35
Diluted (in dollars per share) $ 0.88 $ 0.75 $ 1.61 $ 1.33
Weighted average shares outstanding:        
Basic (in shares) 73.7 73.6 73.9 73.8
Diluted (in shares) 75.1 75.0 75.3 75.2