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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 465.0 $ 421.0
Cost of sales 369.3 332.9
Gross margin 95.7 88.1
Selling, general and administrative expense 58.0 53.5
Other operating income (expense):    
Currency transactions, net (0.5) 12.2
Other operating expense, net (3.2) (3.3)
Income from operations 34.0 43.5
Other income (expense):    
Interest and dividend income 0.1 1.2
Insurance settlement gain   1.5
Marketable equity securities 0.8 (1.5)
Other components of net periodic pension and OPEB cost (4.3) (4.7)
Interest expense (5.0) (4.6)
Income before income taxes 25.6 35.4
Income tax expense 6.0 8.4
Net income $ 19.6 $ 27.0
Net income per basic and diluted share $ 0.17 $ 0.23
Weighted average shares used in the calculation of net income per share 115.5 115.6