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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 394.8 $ 438.3 $ 712.2 $ 797.2
Cost of products sold 265.1 285.7 482.9 534.2
Gross profit 129.7 152.6 229.3 263.0
Operating costs and expenses:        
Selling, general and administrative expenses 82.6 88.0 175.3 182.2
Amortization of intangibles 11.6 10.9 22.9 21.5
Restructuring 9.4 (0.3) 11.7 [1] (0.6)
Gain on disposal of assets (6.9) 0.0 (6.9) 0.2
Impairment of goodwill and intangible assets 0.0 165.2 0.0 165.2
Total operating costs and expenses 96.7 263.8 203.0 368.3
Operating income (loss) 33.0 (111.2) 26.3 (105.3)
Non-operating expense (income):        
Interest expense 11.9 13.8 22.7 27.1
Interest income (3.0) (2.2) (4.9) (4.1)
Non-operating pension expense 0.6 4.8 1.1 5.2
Other expense (income), net 0.8 (0.2) 1.2 (0.8)
Income (loss) before income tax 22.7 (127.4) 6.2 (132.7)
Income tax benefit (6.5) (2.2) (9.8) (1.2)
Net income (loss) $ 29.2 $ (125.2) $ 16.0 $ (131.5)
Per share:        
Basic income (loss) per share $ 0.32 $ (1.29) $ 0.17 $ (1.37)
Diluted income (loss) per share $ 0.31 $ (1.29) $ 0.17 $ (1.37)
Weighted average number of shares outstanding:        
Basic (in shares) 91.6 96.8 92.5 96.3
Diluted (in shares) [2] 93.1 96.8 94.3 96.3
[1] We expect $15.6 million of the remaining $23.4 million of restructuring costs to be paid in the next twelve months.
[2] Diluted by assumed exercise of stock-based compensation awards using the treasury stock method.