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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales [1],[2] $ 1,789.0 $ 1,577.7 $ 1,324.7
Cost of sales 1,355.8 1,220.6 1,074.6
Gross margin 433.2 357.1 250.1
Selling, general and administrative expenses 163.8 148.0 135.0
Research and technology expenses 52.7 45.8 45.1
Other operating expense (income) 1.4 (11.9) 18.2
Operating income 215.3 175.2 51.8
Interest expense, net 34.0 36.2 38.3
Other expense (income) 71.6 (10.8) (8.5)
Income before income taxes, and equity in earnings from affiliated companies 109.7 149.8 22.0
Income tax expense 12.1 31.6 5.9
Income before equity in earnings 97.6 118.2 16.1
Equity in earnings from affiliated companies 8.1 8.1 0.0
Net income $ 105.7 $ 126.3 $ 16.1
Basic net income per common share: $ 1.25 $ 1.5 $ 0.19
Diluted net income per common share: $ 1.24 $ 1.49 $ 0.19
Weighted-average common shares:      
Basic 84.6 84.4 84.1
Diluted 85.5 85.0 84.6
[1] Net sales by geography based on the location in which the product sold was manufactured.
[2] Net sales to external customers based on the location to which the product sold was delivered.