XML 23 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 846.2 $ 796.1 $ 1,691.6 $ 1,547.2
Cost of sales 468.2 439.2 931.1 847.8
Gross profit 378.0 356.9 760.5 699.4
Selling, general and administrative expenses 174.3 167.5 364.0 321.8
Restructuring expenses and asset impairments 3.6 2.8 4.1 3.4
Operating income 200.1 186.6 392.4 374.2
Other expense (income) - net 8.3 0.0 7.7 (2.3)
Interest expense 13.3 9.5 26.4 19.0
Income before income taxes 178.5 177.1 358.3 357.5
Provision for income taxes 40.0 39.0 80.0 79.5
Net income 138.5 138.1 278.3 278.0
Net loss attributable to noncontrolling interest 0.1 0.1 0.1 0.2
Net income attributable to IDEX $ 138.6 $ 138.2 $ 278.4 $ 278.2
Earnings per common share:        
Basic earnings per common share attributable to IDEX (in dollars per share) $ 1.83 $ 1.82 $ 3.68 $ 3.66
Diluted earnings per common share attributable to IDEX (in dollars per share) $ 1.82 $ 1.81 $ 3.66 $ 3.65
Share data:        
Basic weighted average common shares outstanding (in shares) 75.6 75.8 75.6 76.0
Diluted weighted average common shares outstanding (in shares) 75.9 76.1 75.9 76.2