XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 771.3 $ 723.6 $ 1,491.3 $ 1,394.3
Cost of goods and services sold 449.8 408.5 885.2 807.3
Gross profit 321.5 315.1 606.1 587.0
Research and development 14.4 13.8 29.0 26.0
Selling, general and administrative expenses 81.5 92.7 164.9 172.9
Other (income) expense (2.8) (2.7) (5.9) 1.2
Operating profit 228.4 211.3 418.1 386.9
Interest expense, net 1.8 1.9 4.0 3.8
Interest income (0.4) (0.2) (0.7) (0.3)
Other nonoperating (income) expense (0.2) (1.4) (0.2) (2.5)
Income before income taxes 227.2 211.0 415.0 385.9
Income tax expense 44.2 32.3 65.4 61.0
Equity in net income of affiliated companies (5.5) (8.6) (12.7) (13.6)
Net income $ 188.5 $ 187.3 $ 362.3 $ 338.5
Net income per share:        
Basic (in dollars per share) $ 2.53 $ 2.53 $ 4.87 $ 4.58
Diluted (in dollars per share) $ 2.48 $ 2.47 $ 4.77 $ 4.47
Weighted average shares outstanding:        
Basic (in shares) 74.4 74.0 74.4 74.0
Diluted (in shares) 75.8 75.7 75.9 75.8