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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 706.5 $ 548.0 $ 2,100.8 $ 1,566.7
Cost of goods and services sold 418.3 353.4 1,225.6 1,010.0
Gross profit 288.2 194.6 875.2 556.7
Research and development 13.1 12.5 39.1 34.0
Selling, general and administrative expenses 91.9 76.2 264.8 225.7
Other expense (income) 1.8 6.7 3.0 6.2
Operating profit 181.4 99.2 568.3 290.8
Interest expense 1.8 2.1 5.6 6.1
Interest income (0.4) (0.2) (0.7) (1.2)
Other nonoperating (income) expense (1.1) (0.4) (3.6) (0.3)
Income before income taxes 181.1 97.7 567.0 286.2
Income tax expense 12.0 21.1 73.0 52.1
Equity in net income of affiliated companies (6.5) (5.7) (20.1) (13.7)
Net income $ 175.6 $ 82.3 $ 514.1 $ 247.8
Net income per share:        
Basic (in dollars per share) $ 2.37 $ 1.11 $ 6.95 $ 3.35
Diluted (in dollars per share) $ 2.31 $ 1.09 $ 6.78 $ 3.28
Weighted average shares outstanding:        
Basic (in shares) 74.1 73.9 74.0 73.9
Diluted (in shares) 76.0 75.8 75.8 75.6