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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ 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 $ 2,509.9 $ 2,066.7 $ 7,191.1 $ 6,078.4
Cost of sales 2,041.8 1,778.1 5,964.7 5,339.0
Gross income 468.1 288.6 1,226.4 739.4
Operating expenses:        
Selling, general and administrative 201.6 166.3 586.1 503.4
Amortization of purchased intangibles 10.0 3.0 18.1 8.6
Intangible asset impairment charge   2.1   2.1
Total operating expenses 211.6 171.4 604.2 514.1
Operating income 256.5 117.2 622.2 225.3
Other income (expense):        
Interest expense (19.6) (13.4) (46.3) (39.2)
Interest income 1.9 2.5 13.3 4.8
Miscellaneous, net 2.6 (6.8) 13.2 (20.8)
Income before income taxes and losses of unconsolidated affiliates 241.4 99.5 602.4 170.1
Provision for income taxes 55.3 32.2 145.8 68.4
Income before losses of unconsolidated affiliates 186.1 67.3 456.6 101.7
Losses of unconsolidated affiliates (2.4) (0.4) (9.4) (2.9)
Net income $ 183.7 $ 66.9 $ 447.2 $ 98.8
Earnings per share:        
Basic $ 2.81 $ 1.02 $ 6.84 $ 1.5
Diluted 2.79 1.02 6.8 1.49
Cash dividends declared per share on Common Stock $ 0.41 $ 0.37 $ 1.23 $ 1.11