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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 397.6 $ 388.0 $ 785.3 $ 750.1
Cost of goods and services sold 272.6 254.7 526.2 493.5
Gross profit 125.0 133.3 259.1 256.6
Research and development 10.0 8.8 20.3 18.2
Selling, general and administrative expenses 60.6 62.5 122.2 120.6
Other expense (Note 12) 11.7 0.8 12.6 26.6
Operating profit 42.7 61.2 104.0 91.2
Interest expense 2.3 2.0 4.4 4.5
Interest income 0.3 0.3 0.6 0.6
Income before income taxes 40.7 59.5 100.2 87.3
Income tax expense 2.9 17.0 5.1 23.9
Equity in net income of affiliated companies 1.0 2.2 4.6 3.5
Net income $ 38.8 $ 44.7 $ 99.7 $ 66.9
Net income per share:        
Basic (in dollars per share) $ 0.53 $ 0.61 $ 1.35 $ 0.92
Diluted (in dollars per share) $ 0.51 $ 0.60 $ 1.32 $ 0.90
Weighted average shares outstanding:        
Basic (in shares) 73.9 73.3 73.6 72.9
Diluted (in shares) 75.8 74.8 75.7 74.5
Dividends declared per share $ 0.13 $ 0.12 $ 0.26 $ 0.24