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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 547.5 $ 491.3 $ 1,087.6 $ 970.1
Cost of sales 402.7 351.4 800.2 696.1
Gross margin 144.8 139.9 287.4 274.0
Selling, general and administrative expenses 35.3 38.1 81.7 81.0
Research and technology expenses 13.0 12.1 26.8 24.7
Operating income 96.5 89.7 178.9 168.3
Interest expense, net 8.7 6.8 16.7 13.0
Income before income taxes, and equity in earnings from affiliated companies 87.8 82.9 162.2 155.3
Provision for income taxes 20.0 22.1 34.1 30.7
Income before equity in earnings from affiliated companies 67.8 60.8 128.1 124.6
Equity in earnings from affiliated companies 1.0 0.8 2.3 1.6
Net income $ 68.8 $ 61.6 $ 130.4 $ 126.2
Basic net income per common share $ 0.77 $ 0.68 $ 1.45 $ 1.39
Diluted net income per common share 0.76 0.67 1.44 1.37
Dividends per share $ 0.125 $ 0.11 $ 0.25 $ 0.22
Weighted-average common shares:        
Basic 88.8 90.7 89.4 91.1
Diluted 89.9 92.0 90.5 92.4