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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 695.4 $ 716.6
Cost of goods and services sold 465.2 445.3
Gross profit 230.2 271.3
Research and development 17.6 17.1
Selling, general and administrative expenses 86.7 86.0
Other expense (income) (Note 14) 3.1 12.9
Operating profit 122.8 155.3
Interest expense 1.6 2.2
Interest income (6.2) (4.8)
Income before income taxes and equity in net income of affiliated companies 127.4 157.9
Income tax expense 16.4 23.6
Equity in net income of affiliated companies (4.3) (5.7)
Net income $ 115.3 $ 140.0
Net income per share:    
Basic (in dollars per share) $ 1.57 $ 1.88
Diluted (in dollars per share) $ 1.55 $ 1.85
Weighted average shares outstanding:    
Basic (in shares) 73.5 74.5
Diluted (in shares) 74.3 75.7