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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 2,136.4 $ 1,807.2
Cost of sales (1,603.2) (1,403.5)
Gross profit 533.2 403.7
Selling, general and administrative expenses (161.1) (145.0)
Other expense, net (15.6) (20.4)
Income from operations 356.5 238.3
Non-operating pension income 3.6 4.8
Interest expense, net (19.8) (23.5)
Income before taxes 340.3 219.6
Provision for income taxes (86.1) (53.1)
Net income $ 254.2 $ 166.5
Net income per common share:    
Basic $ 2.71 $ 1.75
Diluted 2.70 1.75
Dividends declared per common share $ 1.00 $ 1.00
Statements of Comprehensive Income:    
Net income $ 254.2 $ 166.5
Changes in unrealized (losses) gains on marketable debt securities, net of tax of $0.0 million and $0.0 million for 2022 and 2021 (1.2) (0.1)
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.8) million and ($0.8) million for 2022 and 2021 1.2 2.5
Other comprehensive income 0.0 2.4
Comprehensive income $ 254.2 $ 168.9