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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 716.6 $ 720.0
Cost of goods and services sold 445.3 435.4
Gross profit 271.3 284.6
Research and development 17.1 14.6
Selling, general and administrative expenses 86.0 83.4
Other expense (income) 12.9 (3.1)
Operating profit 155.3 189.7
Interest expense 2.2 2.2
Interest income (4.8) (0.3)
Income before income taxes and equity in net income of affiliated companies 157.9 187.8
Income tax expense 23.6 21.2
Equity in net income of affiliated companies (5.7) (7.2)
Net income $ 140.0 $ 173.8
Net income per share:    
Basic (in dollars per share) $ 1.88 $ 2.34
Diluted (in dollars per share) $ 1.85 $ 2.29
Weighted average shares outstanding:    
Basic (in shares) 74.5 74.4
Diluted (in shares) 75.7 76.0