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Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Income Statement [Abstract]            
Net sales $ 356.3 $ 334.9   $ 711.6 $ 678.1  
Cost of products sold:            
Cost of products sold, excluding depreciation and amortization and other items 277.7 250.4   555.5 512.4  
Lower of cost or market inventory write-down 0.0 0.0 $ 4.9 0.0 4.9  
Unrealized loss (gain) on derivative instruments 11.9 (10.9)   (3.2) (14.9)  
Depreciation and amortization 9.5 9.0   19.1 17.7  
Selling, general, administrative, research and development 26.3 27.5   50.0 53.6  
Net periodic postretirement benefit cost relating to Salaried VEBA 1.1 0.9   2.2 1.7  
Gain on removal of Union VEBA net assets 0.0 0.0   (1.3) (0.1)  
Total selling, general, administrative, research and development 27.4 28.4   50.9 55.2  
Goodwill impairment 18.4 0.0   18.4 0.0 $ 0.0
Other operating charges, net 0.0 0.1   0.0 0.1  
Total costs and expenses 344.9 277.0   640.7 575.4  
Operating income 11.4 57.9   70.9 102.7  
Other (expense) income:            
Interest expense (5.5) (5.5)   (11.1) (9.2)  
Other (expense) income, net 1.0 (10.7)   1.6 (10.4)  
Income before income taxes 6.9 41.7   61.4 83.1  
Income tax provision (2.2) (15.7)   (20.7) (30.8)  
Net income $ 4.7 $ 26.0   $ 40.7 $ 52.3  
Net income per common share:            
Basic (in dollars per share) $ 0.28 $ 1.45   $ 2.37 $ 2.92  
Diluted (in dollars per share) $ 0.27 $ 1.43   $ 2.34 $ 2.87  
Weighted-average number of common shares outstanding (in thousands):            
Basic (shares) 17,003 17,871   17,193 17,867  
Diluted (shares) 17,201 18,194   17,418 18,194  
Cash dividends declared (in dollars per share) $ 0.50 $ 0.45   $ 1.00 $ 0.90