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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 1,979.5 $ 1,976.3
Cost of sales (1,609.1) (1,544.9)
Gross profit 370.4 431.4
Selling, general and administrative expenses (151.9) (148.2)
Other expense, net (22.5) (12.5)
Income from operations 196.0 270.7
Non-operating pension (expense) income 1.1 (2.0)
Interest expense, net (9.6) (15.4)
Income before taxes 187.5 253.3
Provision for income taxes (40.6) (63.2)
Net income $ 146.9 $ 190.1
Net income per common share:    
Basic $ 1.64 $ 2.12
Diluted 1.63 2.11
Dividends declared per common share $ 1.25 $ 1.25
Statements of Comprehensive Income:    
Net Income (Loss) $ 146.9 $ 190.1
Changes in unrealized (losses) gains on marketable debt securities, net of tax of $0.0 million and ($0.2) million for 2024 and 2023, respectively (0.1) 0.5
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.4) million and ($0.6) million for 2024 and 2023, respectively 1.0 1.6
Other comprehensive income 0.9 2.1
Comprehensive income $ 147.8 $ 192.2