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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income        
Revenues $ 1,794.1 $ 1,315.6 $ 5,137.3 $ 3,434.3
Cost of goods sold 1,201.8 944.0 3,422.1 2,510.1
Selling and administrative expenses 209.0 192.6 622.6 504.7
Research and development expenses 13.1 12.8 38.0 37.0
Other operating expense (income), net 22.0 (0.3) 18.5 (2.5)
Operating income 348.2 166.5 1,036.1 385.0
Interest expense, net 22.6 19.8 67.6 58.2
Interest income (3.0) (0.2) (3.8) (1.1)
Other non-operating expense, net 1.2 0.9 3.8 5.6
Income from continuing operations before income taxes 327.4 146.0 968.5 322.3
Provision for income taxes 72.2 33.0 223.1 66.1
Income from continuing operations 255.2 113.0 745.4 256.2
Discontinued operations:        
(Loss) income before income taxes (0.2) 2.2 3.9 13.0
Provision for (benefit from) income taxes 0.3 (26.9) (0.5) (24.4)
(Loss) income from discontinued operations (0.5) 29.1 4.4 37.4
Net income $ 254.7 $ 142.1 $ 749.8 $ 293.6
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 4.91 $ 2.15 $ 14.32 $ 4.86
(Loss) income from discontinued operations (in dollars per share) (0.01) 0.55 0.08 0.71
Basic earnings per share (in dollars per share) 4.90 2.70 14.40 5.57
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 4.84 2.12 14.12 4.80
(Loss) income from discontinued operations (in dollars per share) (0.01) 0.55 0.08 0.70
Diluted earnings per share (in dollars per share) $ 4.83 $ 2.67 $ 14.20 $ 5.50
Average shares outstanding:        
Basic (in shares) 51.9 52.3 51.9 52.6
Diluted (in shares) 52.6 53.0 52.6 53.2
Comprehensive income:        
Net income $ 254.7 $ 142.1 $ 749.8 $ 293.6
Other comprehensive income (loss):        
Foreign currency (losses) gains (46.5) 0.6 (83.8) (5.9)
Amortization of unrecognized net periodic benefit costs, net of tax 1.0 1.2 3.0 3.6
Other, net of tax (1.7) (0.2) (3.4) (1.9)
Other comprehensive (loss) income (47.2) 1.6 (84.2) (4.2)
Comprehensive income $ 207.5 $ 143.7 $ 665.6 $ 289.4