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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 456.1 $ 431.7 $ 1,369.3 $ 1,294.9
Cost of goods and services sold 308.3 296.1 916.8 882.7
Gross profit 147.8 135.6 452.5 412.2
Research and development 9.3 10.1 28.7 30.5
Selling, general and administrative expenses 64.8 64.9 203.7 203.2
Other expense (income) (Note 15) 6.4 (0.2) 1.6 4.0
Operating profit 67.3 60.8 218.5 174.5
Interest expense 2.1 2.0 6.4 6.1
Interest income (1.0) (0.5) (2.5) (1.4)
Other nonoperating expense (income) (1.3) 1.8 (0.2) 5.1
Income before income taxes 64.9 61.1 214.4 174.9
Income tax expense 10.9 8.0 42.5 26.5
Equity in net income of affiliated companies (2.3) (2.1) (5.9) (6.5)
Net income $ 56.3 $ 55.2 $ 177.8 $ 154.9
Net income per share:        
Basic (in dollars per share) $ 0.76 $ 0.75 $ 2.40 $ 2.10
Diluted (in dollars per share) $ 0.75 $ 0.73 $ 2.36 $ 2.05
Weighted average shares outstanding:        
Basic (in shares) 74.0 73.9 73.9 73.9
Diluted (in shares) 75.5 75.7 75.3 75.4