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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Net sales $ 1,976.3 $ 2,136.4
Cost of sales (1,544.9) (1,603.2)
Gross profit 431.4 533.2
Selling, general and administrative expenses (148.2) (161.1)
Other expense, net (12.5) (15.6)
Income from operations 270.7 356.5
Non-operating pension (expense) income (2.0) 3.6
Interest expense, net (15.4) (19.8)
Income before taxes 253.3 340.3
Provision for income taxes (63.2) (86.1)
Net income $ 190.1 $ 254.2
Net income per common share:    
Basic $ 2.12 $ 2.71
Diluted 2.11 2.70
Dividends declared per common share $ 1.25 $ 1.00
Statements of Comprehensive Income:    
Net income $ 190.1 $ 254.2
Changes in unrealized gains (losses) on marketable debt securities,net of tax of ($0.2) million and $0.4 million for 2023 and 2022 respectively 0.5 (1.2)
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.6) million and ($0.3) million for 2023 and 2022, respectively 1.6 1.2
Other comprehensive income 2.1 0.0
Comprehensive income $ 192.2 $ 254.2