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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales [1] $ 8,989.3 $ 8,383.3 $ 7,802.4
Cost of sales (7,099.7) (6,600.2) (6,103.5)
Gross profit 1,889.6 1,783.1 1,698.9
Selling and administrative expenses (634.2) (610.3) (580.9)
Other expense, net 148.4 71.5 42.9
Income from operations [2] 1,107.0 1,101.3 1,075.1
Non-operating pension (expense) income (0.1) 4.5 (7.7)
Interest expense, net (79.1) (41.4) (53.3)
Income before taxes 1,027.8 1,064.4 1,014.1
Provision for income taxes (253.7) (259.3) (248.9)
Net income $ 774.1 $ 805.1 $ 765.2
Net income per common share:      
Basic $ 8.61 $ 8.97 $ 8.52
Diluted 8.58 8.93 8.48
Dividends declared per common share $ 5 $ 5 $ 5
Statements of Comprehensive Income:      
Net Income (Loss) $ 774.1 $ 805.1 $ 765.2
Foreign currency translation adjustment 0.0 0.0 0.1
Changes in unrealized gains on marketable debt securities, net of tax of $0.0 million, ($0.1) million, and ($0.6) millionfor 2025, 2024, and 2023, respectively 0.1 0.3 1.8
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of ($1.3) million, ($1.4) million, and ($2.1) million for 2025, 2024, and 2023, respectively 3.8 4.1 6.4
Changes in unfunded employee benefit obligations, net of tax of $0.7 million, ($7.6) million, and ($7.8) million for 2025, 2024, and 2023, respectively (2.1) 23.1 23.2
Other comprehensive income 1.8 27.5 31.5
Comprehensive income $ 775.9 $ 832.6 $ 796.7
[1] Sales to foreign unaffiliated customers during the years ended December 31, 2025, 2024, and 2023 were $377.9 million, $445.8 million, and $402.6 million, respectively.
[2] The significant expense categories align with the segment-level information that is regularly provided to the CODM.