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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 1,807.2 $ 1,708.7
Cost of sales (1,403.5) (1,343.7)
Gross profit 403.7 365.0
Selling, general and administrative expenses (145.0) (145.9)
Other expense, net (20.4) (10.0)
Income from operations 238.3 209.1
Non-operating pension income 4.8 0.6
Interest expense, net (23.5) (19.6)
Income before taxes 219.6 190.1
Provision for income taxes (53.1) (48.4)
Net income $ 166.5 $ 141.7
Net income per common share:    
Basic $ 1.75 $ 1.50
Diluted 1.75 1.49
Dividends declared per common share $ 1.00 $ 0.79
Statements of Comprehensive Income:    
Net income $ 166.5 $ 141.7
Changes in unrealized losses on marketable debt securities, net of tax of $0.0 million and $0.1 million, for 2021 and 2020, respectively (0.1) (0.2)
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.8 million and $0.9 million, for 2021 and 2020, respectively 2.5 2.7
Other comprehensive income 2.4 2.5
Comprehensive income $ 168.9 $ 144.2