XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 746.9 $ 747.4 $ 2,144.4 $ 2,217.8
Cost of goods and services sold 482.2 459.1 1,419.5 1,366.8
Gross profit 264.7 288.3 724.9 851.0
Research and development 15.5 16.4 50.6 50.0
Selling, general and administrative expenses 83.5 89.0 253.2 263.4
Other expense (income) (Note 14) 4.4 5.6 10.8 22.5
Operating profit 161.3 177.3 410.3 515.1
Interest expense, net 0.7 2.9 3.8 7.8
Interest income (4.6) (8.8) (14.8) (18.6)
Other nonoperating expense (income) 0.7 (3.8) 0.7 (3.9)
Income before income taxes and equity in net income of affiliated companies 164.5 187.0 420.6 529.8
Income tax expense 32.4 29.4 70.7 87.8
Equity in net income of affiliated companies (3.9) (3.7) (12.7) (14.4)
Net income $ 136.0 $ 161.3 $ 362.6 $ 456.4
Net income per share:        
Basic (in dollars per share) $ 1.87 $ 2.17 $ 4.96 $ 6.13
Diluted (in dollars per share) $ 1.85 $ 2.14 $ 4.91 $ 6.05
Weighted average shares outstanding:        
Basic (in shares) 72.8 74.3 73.1 74.4
Diluted (in shares) 73.4 75.3 73.8 75.5