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CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 352.9 $ 335.1 $ 1,034.4 $ 1,001.7
Operating costs and expenses:        
Cost of sales 187.4 174.9 545.8 536.8
Selling, general and administrative 85.8 82.2 274.2 236.6
Operating profit 79.7 78.0 214.4 228.3
Other income (expense):        
Interest income 0.3 0.0 0.7 0.1
Miscellaneous income, net 0.7 0.4 3.1 3.3
Total other expense, net (11.8) (13.6) (36.0) (38.9)
Income before income taxes 67.9 64.4 178.4 189.4
Provision for income taxes 16.0 19.8 39.6 46.5
Net income attributable to common shareholders $ 51.9 $ 44.6 $ 138.8 $ 142.9
Earnings per share:        
Basic (in dollars per share) $ 0.91 $ 0.79 $ 2.44 $ 2.52
Diluted (in dollars per share) $ 0.90 $ 0.79 $ 2.42 $ 2.52
Average shares outstanding:        
Basic (in shares) 56.8 56.7 56.8 56.7
Diluted (in shares) 57.5 56.7 57.4 56.7
Dividends per share (in dollars per share) $ 0.14   $ 0.28  
Nonrelated Party        
Other income (expense):        
Interest expense $ (12.8) $ (10.4) $ (37.3) $ (31.4)
Related Party        
Other income (expense):        
Interest expense $ 0.0 $ (3.6) $ (2.5) $ (10.9)