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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 2,886.9 $ 2,831.6 $ 2,146.9
Cost of goods and services sold 1,750.7 1,655.8 1,379.1
Gross profit 1,136.2 1,175.8 767.8
Research and development 58.5 52.8 46.9
Selling, general and administrative expenses 316.9 362.8 302.0
Other expense (income) (Note 16) 26.8 7.9 12.0
Operating profit 734.0 752.3 406.9
Interest expense 7.9 8.2 8.2
Interest income (5.1) (1.0) (1.4)
Other nonoperating expense (income) 51.3 (3.8) (1.2)
Income before income taxes and equity in net income of affiliated companies 679.9 748.9 401.3
Income tax expense 114.7 107.2 72.5
Equity in net income of affiliated companies (20.7) (20.1) (17.4)
Net income $ 585.9 $ 661.8 $ 346.2
Net income per share:      
Basic (in dollars per share) $ 7.87 $ 8.89 $ 4.68
Diluted (in dollars per share) $ 7.73 $ 8.67 $ 4.57
Weighted average shares outstanding:      
Basic (in shares) 74.4 74.4 73.9
Diluted (in shares) 75.8 76.3 75.8