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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 527.2 $ 469.7 $ 1,018.7 $ 913.2
Cost of goods and services sold 332.1 311.8 656.6 608.5
Gross profit 195.1 157.9 362.1 304.7
Research and development 10.8 9.6 21.5 19.4
Selling, general and administrative expenses 77.7 70.3 149.5 138.9
Other expense (income) (Note 15) 3.0 (2.5) (0.5) (4.8)
Operating profit 103.6 80.5 191.6 151.2
Interest expense 2.0 2.0 4.0 4.3
Interest income (0.2) (0.6) (1.0) (1.5)
Other nonoperating (income) expense (0.2) (0.5) 0.1 (1.1)
Income before income taxes 102.0 79.6 188.5 149.5
Income tax expense 16.0 15.5 31.0 31.6
Equity in net income of affiliated companies (5.2) (2.0) (8.0) (3.6)
Net income $ 91.2 $ 66.1 $ 165.5 $ 121.5
Net income per share:        
Basic (in dollars per share) $ 1.24 $ 0.90 $ 2.24 $ 1.64
Diluted (in dollars per share) $ 1.21 $ 0.88 $ 2.19 $ 1.61
Weighted average shares outstanding:        
Basic (in shares) 73.8 73.7 73.8 73.9
Diluted (in shares) 75.5 75.1 75.5 75.3