XML 21 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales $ 1,295.2 $ 1,233.1 $ 1,106.6
Cost of goods sold 798.2 784.0 701.0
Gross profit 497.0 449.1 405.6
Selling, general and administrative expenses 262.5 237.0 237.4
Loss (gain) related to change in fair value of contingent consideration 0.1 11.0 (4.1)
Equity earnings from joint venture (89.3) (77.6) (87.7)
Operating income 323.7 278.7 260.0
Interest expense 35.3 27.1 22.9
Other non-operating (income), net (9.9) (6.0) (5.6)
Earnings from continuing operations before income taxes 298.3 257.6 242.7
Income tax expense 74.5 57.7 57.4
Earnings from continuing operations 223.8 199.9 185.3
Earnings (loss) disposal of discontinued businesses, net of tax (benefit) expense of $ -, ($3.0) and $1.7 0.0 3.0 (2.1)
Net earnings (loss) from discontinued operations 0.0 3.0 (2.1)
Net earnings 223.8 202.9 183.2
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustments 0.5 (1.8) 0.0
Derivative (loss) gain, net (9.0) 18.6 9.9
Pension and postretirement adjustments 3.9 (7.3) (10.2)
Total other comprehensive (loss) income (4.6) 9.5 (0.3)
Total comprehensive income $ 219.2 $ 212.4 $ 182.9
Earnings per share of common stock, continuing operations:      
Basic $ 5 $ 4.31 $ 3.88
Diluted 4.99 4.3 3.86
Earnings (loss) per share of common stock, discontinued operations      
Basic 0 0.07 (0.04)
Diluted 0 0.07 (0.04)
Net earnings per share of common stock      
Basic 5 4.38 3.84
Diluted $ 4.99 $ 4.37 $ 3.82
Average number of common shares outstanding:      
Basic 44.7 46.3 47.6
Diluted 44.8 46.4 47.9