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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
NET SALES [1] $ 1,764.3 $ 1,669.6 $ 1,628.1
Cost of sales 1,266.0 1,207.5 1,195.4
GROSS MARGIN 498.3 462.1 432.7
OPERATING EXPENSES AND INCOME      
Selling, general and administrative expenses 184.3 187.6 174.7
Research, development and engineering expenses 40.7 40.6 42.5
Equity, royalty and interest income from investees 33.8 34.3 33.6
Other operating expense, net 8.1 2.0 0.7
OPERATING INCOME 299.0 266.2 248.4
Interest expense 33.4 40.6 25.8
Other income, net 0.6 9.2 3.8
INCOME BEFORE INCOME TAXES 266.2 234.8 226.4
Income tax expense 58.8 49.2 55.1
NET INCOME $ 207.4 $ 185.6 $ 171.3
PER SHARE DATA:      
Weighted-average shares for basic EPS (in shares) 82.2 83.2 83.3
Weighted-average shares for diluted EPS (in shares) 82.8 83.6 83.4
Basic earnings per share (in dollars per share) $ 2.52 $ 2.23 $ 2.06
Diluted earnings per share (in dollars per share) $ 2.50 $ 2.22 $ 2.05
[1] Includes sales to related parties of $57.1 million, $121.9 million and $390.8 million for the years ended December 31, 2025, 2024 and 2023, respectively.