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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net sales [1] $ 4,104.5 $ 4,121.8 $ 3,764.8
Cost of goods sold 2,585.3 2,757.2 2,445.6
Gross profit 1,519.2 1,364.6 1,319.2
Selling, general and administrative 680.2 677.1 596.4
Research and development 99.8 92.2 85.9
Operating income 739.2 595.3 636.9
Other expense (income)      
Gain on sale of businesses 0.0 (0.2) (1.4)
Net interest expense 118.3 61.8 12.5
Other expense (income) 2.0 (16.9) (1.0)
Income from continuing operations before income taxes 618.9 550.6 626.8
(Benefit) provision for income taxes (4.0) 67.4 70.8
Net income from continuing operations 622.9 483.2 556.0
Loss from discontinued operations, net of tax (0.2) (2.3) (3.0)
Net income 622.7 480.9 553.0
Comprehensive income, net of tax      
Net income 622.7 480.9 553.0
Changes in cumulative translation adjustment 24.0 (56.4) (47.0)
Changes in market value of derivative financial instruments, net of tax (29.4) 31.3 40.4
Comprehensive income $ 617.3 $ 455.8 $ 546.4
Earnings (loss) per ordinary share      
Continuing operations (USD per share) $ 3.77 $ 2.93 $ 3.36
Discontinued operations (USD per share) 0 (0.01) (0.02)
Basic earnings per ordinary share (USD per share) 3.77 2.92 3.34
Continuing operations (USD per share) 3.75 2.92 3.32
Discontinued operations (USD per share) 0 (0.02) (0.02)
Diluted earnings per ordinary share (USD per share) $ 3.75 $ 2.90 $ 3.30
Weighted average ordinary shares outstanding      
Basic (shares) 165.1 164.8 165.8
Diluted (shares) 166.3 165.6 167.5
[1]
(1) One customer in the Pool business represented approximately 15% of our consolidated net sales in 2023 and 20% of our consolidated net sales in both 2022 and 2021.