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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 410.3 $ 464.5 $ 1,312.5 $ 1,275.7
Cost of sales 291.2 309.5 846.8 882.3
Gross margin 119.1 155.0 465.7 393.4
Selling, general and administrative expense 57.3 51.3 173.7 147.6
Other operating income (expense):        
Currency transactions, net (0.6) (4.3) 4.2 (8.0)
Other operating expense, net (3.1) (3.3) (10.7) (11.0)
Income from operations 58.1 96.1 285.5 226.8
Other income (expense):        
Interest and dividend income 1.5 0.4 3.7 0.7
Marketable equity securities (4.3)   (6.7)  
Other components of net periodic pension and OPEB cost (3.7) (4.5) (11.3) (12.8)
Loss on prepayment of debt, net   (7.1)   (7.1)
Interest expense (4.9) (5.0) (14.7) (14.5)
Income before income taxes 46.7 79.9 256.5 193.1
Income tax expense (benefit) 14.1 6.1 75.5 (114.0)
Net income $ 32.6 $ 73.8 $ 181.0 $ 307.1
Net income per basic and diluted share $ 0.28 $ 0.64 $ 1.56 $ 2.65
Cash dividends per share $ 0.17 $ 0.15 $ 0.51 $ 0.45
Weighted average shares used in the calculation of net income per share 115.9 115.9 115.9 115.9