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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 347.3 $ 325.0 $ 982.9 $ 928.6
Cost of goods sold 205.9 207.5 605.4 591.0
Gross profit 141.4 117.5 377.5 337.6
Selling, general and administrative expenses 64.6 59.3 189.2 177.9
Loss related to change in fair value of contingent consideration 0.0 7.1 0.0 13.3
Equity (earnings) from joint venture (23.4) (22.2) (69.1) (61.7)
Operating income 100.2 73.3 257.4 208.1
Interest expense 8.8 7.0 26.7 17.9
Other non-operating (income), net (2.3) (1.4) (6.9) (4.1)
Earnings from continuing operations before income taxes 93.7 67.7 237.6 194.3
Income tax expense 24.2 13.2 60.6 43.2
Earnings from continuing operations 69.5 54.5 177.0 151.1
Earnings from disposal of discontinued businesses, net of tax (benefit) of $-, ($3.0), $- and $(3.0) 0.0 3.0 0.0 3.0
Net earnings from discontinued operations 0.0 3.0 0.0 3.0
Net earnings 69.5 57.5 177.0 154.1
Other comprehensive (loss) income, net of tax:        
Foreign currency translation adjustments (0.5) (2.1) 0.1 (2.3)
Derivative (loss) gain, net (1.9) 4.9 (4.3) 18.5
Pension and postretirement adjustments (0.2) 0.2 (0.1) 0.9
Total other comprehensive (loss) income (2.6) 3.0 (4.3) 17.1
Total comprehensive income $ 66.9 $ 60.5 $ 172.7 $ 171.2
Earnings per share of common stock, continuing operations:        
Basic $ 1.56 $ 1.18 $ 3.93 $ 3.24
Diluted 1.56 1.18 3.93 3.23
Earnings per share of common stock, discontinued operations:        
Basic 0 0.07 0 0.06
Diluted 0 0.07 0 0.06
Net earnings per share of common stock        
Basic 1.56 1.25 3.93 3.3
Diluted $ 1.56 $ 1.25 $ 3.93 $ 3.29
Average number of common shares outstanding:        
Basic 44.5 46.1 45.0 46.6
Diluted 44.6 46.1 45.0 46.7