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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Sales by Significant Product Group
The following table presents information about our reportable segments, reconciled to consolidated totals:
Three Months Ended
June 30,		Six Months Ended
June 30,
($ in millions)2025202420252024
Net sales:    
Proprietary Products$619.8 $559.7 $1,182.8 $1,119.2 
Contract-Manufactured Products146.7 142.4 281.7 278.3 
Consolidated net sales$766.5 $702.1 $1,464.5 $1,397.5 
Schedule of Segment Reporting Information, by Segment
The following tables provide summarized financial information for our two reportable segments and corporate and unallocated:

($ in millions)June 30,
2025		December 31,
2024
Assets
Proprietary Products$2,829.3 $2,621.1 
Contract-Manufactured Products667.9 612.2 
Corporate and Unallocated(1)
455.6 410.1 
Total consolidated$3,952.8 $3,643.4 

(1) Corporate and unallocated assets primarily include investments in affiliated companies, cash and cash equivalents, property, plant and equipment used in our corporate operations and deferred income taxes.

($ in millions)Three Months Ended
June 30,		Six Months Ended
June 30,
Depreciation and Amortization2025202420252024
Proprietary Products$33.7 $33.0 $66.4 $63.0 
Contract-Manufactured Products6.8 4.9 13.2 9.6 
Corporate and Unallocated0.9 1.0 1.8 1.9 
Total consolidated$41.4 $38.9 $81.4 $74.5 

($ in millions)Three Months Ended
June 30,		Six Months Ended
June 30,
Capital Expenditures2025202420252024
Proprietary Products$48.5 $58.5 $100.4 $119.6 
Contract-Manufactured Products25.5 39.2 43.6 66.8 
Corporate and Unallocated1.2 2.5 2.5 4.4 
Total consolidated$75.2 $100.2 $146.5 $190.8 
The following table provides summarized financial information for our segments:

Three months ended June 30, 2025Three months ended June 30, 2024
($ in millions)Proprietary ProductsContract-Manufactured ProductsTotalProprietary ProductsContract-Manufactured ProductsTotal
Net sales$619.8 $146.7 $766.5 $559.7 $142.4 $702.1 
Cost of goods and services sold371.5 121.1 352.7 119.4 
Research and development19.1 — 17.5 — 
Selling, general and administrative expenses61.5 7.0 56.1 6.2 
Other segment expense (income)(4)
6.0 0.8 2.4 (0.4)
Segment operating profit$161.7 $17.8 $179.5 $131.0 $17.2 $148.2 
Reconciliation of profit or loss:
Stock-based compensation(7.4)(4.3)
Corporate general costs(1)
(16.8)(17.5)
Unallocated items:
Restructuring and related charges(2)
(1.6)— 
Amortization of acquisition-related intangible assets(3)
— (0.2)
Total consolidated operating profit153.7 126.2 
Interest (income) expense and other nonoperating expense (income), net(3.3)(2.5)
Income before income taxes and equity in net income of affiliated companies$157.0 $128.7 
Six months ended June 30, 2025Six months ended June 30, 2024
($ in millions)Proprietary ProductsContract-Manufactured ProductsTotalProprietary ProductsContract-Manufactured ProductsTotal
Net sales$1,182.8 $281.7 $1,464.5 $1,119.2 $278.3 $1,397.5 
Cost of goods and services sold724.3 234.4 705.1 232.2 
Research and development35.4 — 35.1 — 
Selling, general and administrative expenses121.8 14.6 116.8 12.4 
Other segment expense (income)(4)
9.0 1.4 4.9 (0.6)
Segment operating profit$292.3 $31.3 $323.6 $257.3 $34.3 $291.6 
Reconciliation of profit or loss:
Stock-based compensation(8.7)(9.3)
Corporate general costs(1)
(34.6)(32.9)
Unallocated items:
Restructuring and related charges(2)
(19.4)— 
Amortization of acquisition-related intangible assets(3)
(0.2)(0.4)
Total consolidated operating profit260.7 249.0 
Interest (income) expense and other nonoperating expense (income), net(6.8)(7.1)
Income before income taxes and equity in net income of affiliated companies$267.5 $256.1 
(1) Corporate general costs includes executive and director compensation, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments.

(2) During the three and six months ended June 30, 2025, the Company recorded charges of $1.6 million and $19.4 million, respectively, related to restructuring programs. The Company recorded $0.2 million and $16.6 million in the three and six months ended June 30, 2025, respectively, of these charges within other expense (income), related to severance and acceleration of depreciation and lease costs in connection with the Company's 2025 restructuring plan. The remaining $1.4 million and $2.8 million, respectively, of expense, recorded within selling, general and administrative expenses, relates to our plan to optimize the legal structure of the Company and its subsidiaries.

(3) During the three and six months ended June 30, 2025 and 2024, we recorded $0.0 million and $0.2 million, and $0.2 million and $0.4 million, respectively, of amortization expense within operating profit associated with an intangible asset acquired during the second quarter of 2020.

(4) Other segment expense (income) primarily includes foreign exchange transaction gains and losses, adjustments to contingent consideration and asset impairments attributable to the segments during the three and six months ended June 30, 2025 and 2024.