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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 766.5 $ 702.1 $ 1,464.5 $ 1,397.5
Cost of goods and services sold 492.6 472.1 958.7 937.3
Gross profit 273.9 230.0 505.8 460.2
Research and development 19.1 17.5 35.4 35.1
Selling, general and administrative expenses 95.9 83.0 183.9 169.7
Other expense (income) (Note 14) 5.2 3.3 25.8 6.4
Operating profit 153.7 126.2 260.7 249.0
Interest expense, net 0.1 1.5 0.5 3.1
Interest income (3.6) (4.0) (7.7) (10.2)
Other nonoperating expense (income) 0.2 0.0 0.4 0.0
Income before income taxes and equity in net income of affiliated companies 157.0 128.7 267.5 256.1
Income tax expense 30.2 21.9 54.3 38.3
Equity in net income of affiliated companies (5.0) (4.5) (8.4) (8.8)
Net income $ 131.8 $ 111.3 $ 221.6 $ 226.6
Net income per share:        
Basic (in dollars per share) $ 1.82 $ 1.52 $ 3.06 $ 3.09
Diluted (in dollars per share) $ 1.82 $ 1.51 $ 3.05 $ 3.06
Weighted average shares outstanding:        
Basic (in shares) 72.2 73.0 72.3 73.3
Diluted (in shares) 72.5 73.7 72.8 74.0