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Consolidated and Combined Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Sales $ 3,184,400,000 $ 2,990,700,000 $ 2,704,600,000
Cost of sales (1,756,100,000) (1,657,600,000) (1,516,500,000)
Gross profit 1,428,300,000 1,333,100,000 1,188,100,000
Operating costs:      
Selling, general and administrative expenses (705,800,000) (621,600,000) (508,400,000)
Research and development expenses (144,600,000) (129,300,000) (126,200,000)
Impairment of goodwill 0 0 (85,300,000)
Operating profit 577,900,000 582,200,000 468,200,000
Non-operating income (expense), net:      
Interest expense, net (69,600,000) (47,800,000) (10,000,000.0)
Gain on previously held equity interests from combination of business 32,700,000 0 0
Unrealized loss on equity securities measured at fair value (8,700,000) 0 0
Other non-operating (expense) income, net (4,900,000) (400,000) 2,100,000
Earnings before income taxes 527,400,000 534,000,000.0 460,300,000
Provision for income taxes (126,100,000) (121,000,000.0) (118,300,000)
Net earnings $ 401,300,000 $ 413,000,000.0 $ 342,000,000.0
Net earnings per share:      
Basic (in dollars per share) $ 2.50 $ 2.44 $ 2.03
Diluted (in dollars per share) $ 2.49 $ 2.43 $ 2.02
Weighted average shares outstanding:      
Basic (in shares) 160.5 169.0 168.4
Diluted (in shares) 161.0 170.1 169.4
Other comprehensive income (loss), net of income taxes:      
Foreign currency translation adjustments $ (77,100,000) $ (13,400,000) $ 44,600,000
Other adjustments 1,500,000 1,300,000 500,000
Total other comprehensive (loss) income, net of income taxes (75,600,000) (12,100,000) 45,100,000
Comprehensive income 325,700,000 400,900,000 387,100,000
Sales of products      
Sales 2,874,300,000 2,712,700,000 2,459,900,000
Sales of services      
Sales $ 310,100,000 $ 278,000,000.0 $ 244,700,000