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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 2,141.0 $ 1,979.5
Cost of sales (1,686.3) (1,609.1)
Gross profit 454.7 370.4
Selling, general and administrative expenses (161.4) (151.9)
Other expense, net (13.0) (22.5)
Income from operations [1] 280.3 196.0
Non-operating pension expense 0.0 1.1
Interest expense, net (12.9) (9.6)
Income before taxes 267.4 187.5
Provision for income taxes (63.6) (40.6)
Net income $ 203.8 $ 146.9
Net income per common share:    
Basic $ 2.27 $ 1.64
Diluted 2.26 1.63
Dividends declared per common share $ 1.25 $ 1.25
Statements of Comprehensive Income:    
Net Income (Loss) $ 203.8 $ 146.9
Changes in unrealized gains (losses) on marketable debt securities, net of tax $0.0 million for both 2025 and 2024 0.1 (0.1)
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($0.3) million and ($0.4) million for 2025 and 2024, respectively 1.0 1.0
Other comprehensive income 1.1 0.9
Comprehensive income $ 204.9 $ 147.8
[1] The significant expense categories align with the segment-level information that is regularly provided to the CODM.