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Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 8,478,000,000.0 $ 7,730,300,000 $ 6,658,200,000
Cost of sales (6,387,400,000) (5,857,300,000) (5,288,800,000)
Gross profit 2,090,600,000 1,873,000,000.0 1,369,400,000
Selling and administrative expenses (608,600,000) (576,800,000) (539,600,000)
Goodwill impairment 0 0 (55,200,000)
Other expense, net (61,300,000) (54,800,000) (50,700,000)
Income from operations 1,420,700,000 1,241,400,000 723,900,000
Non-operating pension income (expense) 14,500,000 19,700,000 2,300,000
Interest expense, net (70,400,000) (152,400,000) (93,500,000)
Income before taxes 1,364,800,000 1,108,700,000 632,700,000
Provision for income taxes (335,000,000.0) (267,600,000) (171,700,000)
Net income $ 1,029,800,000 $ 841,100,000 $ 461,000,000.0
Net income per common share:      
Basic $ 11.08 $ 8.87 $ 4.86
Diluted 11.03 8.83 4.84
Dividends declared per common share $ 4.75 $ 4.00 $ 3.37
Statements of Comprehensive Income:      
Net income $ 1,029,800,000 $ 841,100,000 $ 461,000,000.0
Foreign currency translation adjustment 0 400,000 0
Changes in unrealized (losses) gains on marketable debt securities, net of tax of $0.5 million, $0.2 million, and ($0.1) million for 2022, 2021, and 2020, respectively (1,700,000) (500,000) 300,000
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($1.5) million, ($3.3) million, and ($3.6) million for 2022, 2021, and 2020, respectively 4,700,000 10,000,000.0 10,700,000
Changes in unfunded employee benefit obligations, net of tax of $10.1 million, ($19.9) million, and ($1.3) million for 2022, 2021, and 2020, respectively (30,200,000) 59,400,000 4,000,000.0
Net current-period other comprehensive income (loss) (27,200,000) 69,300,000 15,000,000.0
Comprehensive income $ 1,002,600,000 $ 910,400,000 $ 476,000,000.0