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Consolidated and Combined Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Sales $ 2,704,600,000 $ 2,772,100,000 $ 2,665,900,000
Cost of sales (1,516,500,000) (1,581,300,000) (1,530,800,000)
Gross profit 1,188,100,000 1,190,800,000 1,135,100,000
Operating costs:      
Selling, general and administrative expenses (508,400,000) (491,300,000) (499,300,000)
Research and development expenses (126,200,000) (136,400,000) (136,200,000)
Impairment of goodwill (85,300,000) 0 0
Operating profit 468,200,000 563,100,000 499,600,000
Non-operating income (expenses), net:      
Interest (expense) income, net (10,000,000.0) 3,300,000 8,400,000
Other non-operating income (expense), net 2,100,000 (600,000) (700,000)
Earnings before income taxes 460,300,000 565,800,000 507,300,000
Provision for income taxes (118,300,000) (129,300,000) (121,800,000)
Net earnings $ 342,000,000.0 $ 436,500,000 $ 385,500,000
Net earnings per share:      
Net earnings per share, Basic (in dollars per share) $ 2.03 $ 2.59 $ 2.29
Net earnings per share, Diluted (in dollars per share) $ 2.02 $ 2.59 $ 2.29
Average common stock and common equivalent shares outstanding:      
Average common stock and common equivalent shares outstanding, Basic (in shares) 168.4 168.4 168.4
Average common stock and common equivalent shares outstanding, Diluted (in shares) 169.4 168.4 168.4
Other comprehensive income (loss), net of income taxes:      
Foreign currency translation adjustments $ 44,600,000 $ 22,400,000 $ (33,500,000)
Other adjustments 500,000 0 1,000,000.0
Total other comprehensive income (loss), net of income taxes 45,100,000 22,400,000 (32,500,000)
Comprehensive income 387,100,000 458,900,000 353,000,000.0
Sales of products      
Sales 2,459,900,000 2,484,000,000.0 2,408,100,000
Cost of sales (1,326,800,000) (1,349,300,000) (1,328,200,000)
Sales of services      
Sales 244,700,000 288,100,000 257,800,000
Cost of sales $ (189,700,000) $ (232,000,000.0) $ (202,600,000)