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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 491.5 $ 443.5
Cost of goods and services sold 324.5 296.7
Gross profit 167.0 146.8
Research and development 10.7 9.8
Selling, general and administrative expenses 71.8 68.6
Other income (Note 15) (3.5) (2.3)
Operating profit 88.0 70.7
Interest expense 2.0 2.3
Interest income (0.8) (0.9)
Other nonoperating expense (income) 0.3 (0.6)
Income before income taxes 86.5 69.9
Income tax expense 15.0 16.1
Equity in net income of affiliated companies (2.8) (1.6)
Net income $ 74.3 $ 55.4
Net income per share:    
Basic (in dollars per share) $ 1.01 $ 0.75
Diluted (in dollars per share) $ 0.99 $ 0.73
Weighted average shares outstanding:    
Basic (in shares) 73.9 74.1
Diluted (in shares) 75.5 75.3