XML 17 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 1,391.3 $ 1,339.9 $ 1,345.1
Operating costs and expenses:      
Cost of sales 737.2 713.7 746.2
Selling, general and administrative 366.8 318.7 323.4
Restructuring charges (gains), net 0.5 6.2 (3.7)
Operating profit 286.8 301.3 279.2
Other income (expense):      
Interest income 1.1 0.2 0.1
Miscellaneous income, net 2.5 3.1 4.7
Total other expense, net (47.0) (53.0) (53.1)
Income before income taxes 239.8 248.3 226.1
Provision for income taxes 51.5 43.4 48.1
Net income attributable to common shareholders $ 188.3 $ 204.9 $ 178.0
Earnings per share:      
Basic (in dollars per share) $ 3.31 $ 3.61 $ 3.14
Diluted (in dollars per share) $ 3.28 $ 3.61 $ 3.14
Average shares outstanding:      
Basic (in shares) 56.8 56.7 56.7
Diluted (in shares) 57.5 56.7 56.7
Nonrelated Party      
Other income (expense):      
Interest expense $ (48.1) $ (41.9) $ (41.8)
Related Party      
Other income (expense):      
Interest expense $ (2.5) $ (14.4) $ (16.1)