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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 2,831.6 $ 2,146.9 $ 1,839.9
Cost of goods and services sold 1,655.8 1,379.1 1,234.2
Gross profit 1,175.8 767.8 605.7
Research and development 52.8 46.9 38.9
Selling, general and administrative expenses 362.8 302.0 272.7
Other expense (income) 7.9 12.0 (2.5)
Operating profit 752.3 406.9 296.6
Interest expense 8.2 8.2 8.5
Interest income (1.0) (1.4) (3.8)
Other nonoperating (income) expense (3.8) (1.2) 0.1
Total income before income taxes 748.9 401.3 291.8
Income tax expense 107.2 72.5 59.0
Equity in net income of affiliated companies (20.1) (17.4) (8.9)
Net income $ 661.8 $ 346.2 $ 241.7
Net income per share:      
Basic (in dollars per share) $ 8.89 $ 4.68 $ 3.27
Diluted (in dollars per share) $ 8.67 $ 4.57 $ 3.21
Weighted average shares outstanding:      
Basic (in shares) 74.4 73.9 74.0
Diluted (in shares) 76.3 75.8 75.4