XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 723.6 $ 527.2 $ 1,394.3 $ 1,018.7
Cost of goods and services sold 408.5 332.1 807.3 656.6
Gross profit 315.1 195.1 587.0 362.1
Research and development 13.8 10.8 26.0 21.5
Selling, general and administrative expenses 92.7 77.7 172.9 149.5
Other expense (income) (Note 15) (2.7) 3.0 1.2 (0.5)
Operating profit 211.3 103.6 386.9 191.6
Interest expense 1.9 2.0 3.8 4.0
Interest income (0.2) (0.2) (0.3) (1.0)
Other nonoperating (income) expense (1.4) (0.2) (2.5) 0.1
Income before income taxes 211.0 102.0 385.9 188.5
Income tax expense 32.3 16.0 61.0 31.0
Equity in net income of affiliated companies (8.6) (5.2) (13.6) (8.0)
Net income $ 187.3 $ 91.2 $ 338.5 $ 165.5
Net income per share:        
Basic (in dollars per share) $ 2.53 $ 1.24 $ 4.58 $ 2.24
Diluted (in dollars per share) $ 2.47 $ 1.21 $ 4.47 $ 2.19
Weighted average shares outstanding:        
Basic (in shares) 74.0 73.8 74.0 73.8
Diluted (in shares) 75.7 75.5 75.8 75.5