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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 720.0 $ 670.7
Cost of goods and services sold 435.4 398.8
Gross profit 284.6 271.9
Research and development 14.6 12.2
Selling, general and administrative expenses 83.4 80.2
Other (income) expense (3.1) 3.9
Operating profit 189.7 175.6
Interest expense 2.2 1.9
Interest income (0.3) (0.1)
Other nonoperating (income) expense 0.0 (1.1)
Income before income taxes 187.8 174.9
Income tax expense 21.2 28.7
Equity in net income of affiliated companies (7.2) (5.0)
Net income $ 173.8 $ 151.2
Net income per share:    
Basic (in dollars per share) $ 2.34 $ 2.04
Diluted (in dollars per share) $ 2.29 $ 1.99
Weighted average shares outstanding:    
Basic (in shares) 74.4 73.9
Diluted (in shares) 76.0 75.8