XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 686.9 $ 706.5 $ 2,178.2 $ 2,100.8
Cost of goods and services sold 418.9 418.3 1,304.1 1,225.6
Gross profit 268.0 288.2 874.1 875.2
Research and development 13.6 13.1 42.6 39.1
Selling, general and administrative expenses 66.3 91.9 231.2 264.8
Other (income) expense (Note 15) 1.9 1.8 (4.0) 3.0
Operating profit 186.2 181.4 604.3 568.3
Interest expense 2.2 1.8 6.2 5.6
Interest income (1.5) (0.4) (2.2) (0.7)
Other nonoperating expense (income) 49.3 (1.1) 49.1 (3.6)
Income before income taxes 136.2 181.1 551.2 567.0
Income tax expense 20.4 12.0 85.8 73.0
Equity in net income of affiliated companies (4.8) (6.5) (17.5) (20.1)
Net income $ 120.6 $ 175.6 $ 482.9 $ 514.1
Net income per share:        
Basic (in dollars per share) $ 1.62 $ 2.37 $ 6.49 $ 6.95
Diluted (in dollars per share) $ 1.59 $ 2.31 $ 6.36 $ 6.78
Weighted average shares outstanding:        
Basic (in shares) 74.4 74.1 74.4 74.0
Diluted (in shares) 75.7 76.0 75.9 75.8