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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Net sales $ 1,861.2 $ 1,855.5 $ 1,678.2
Cost of sales 1,328.4 1,346.7 1,224.2
Gross margin 532.8 508.8 454.0
Selling, general and administrative expenses 156.1 149.1 141.4
Research and technology expenses 44.3 47.9 41.7
Other expense (income), net   6.0  
Operating income 332.4 305.8 270.9
Interest expense, net 14.2 8.0 7.3
Non-operating expense   0.5 1.0
Income before income taxes and equity in earnings 318.2 297.3 262.6
Provision for income taxes 83.0 89.3 76.0
Income before equity in earnings 235.2 208.0 186.6
Equity in earnings from investments in affiliated companies 2.0 1.4 1.3
Net income $ 237.2 $ 209.4 $ 187.9
Basic net income per common share: $ 2.48 $ 2.16 $ 1.88
Diluted net income per common share: $ 2.44 $ 2.12 $ 1.84
Weighted average common shares outstanding:      
Basic 95.8 96.8 100.0
Diluted 97.2 98.7 102.1