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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 1,708.7 $ 1,733.7
Cost of sales (1,343.7) (1,312.3)
Gross profit 365.0 421.4
Selling, general and administrative expenses (145.9) (140.0)
Other expense, net (10.0) (6.0)
Income from operations 209.1 275.4
Non-operating pension income (expense) 0.6 (2.0)
Interest expense, net (19.6) (24.1)
Income before taxes 190.1 249.3
Provision for income taxes (48.4) (62.5)
Net income $ 141.7 $ 186.8
Net income per common share:    
Basic $ 1.50 $ 1.98
Diluted 1.49 1.97
Dividends declared per common share $ 0.79 $ 0.79
Statements of Comprehensive Income:    
Net income $ 141.7 $ 186.8
Reclassification adjustments to cash flow hedges included in net income, net of tax of $0.0 million and $0.3 million   1.0
Changes in unrealized losses on marketable debt securities, net of tax of $0.1 million and $0.0 million (0.2)  
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.9 million and $0.8 million 2.7 2.3
Other comprehensive income 2.5 3.3
Comprehensive income $ 144.2 $ 190.1