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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 2,066.0 $ 2,208.8 $ 4,011.7 $ 4,097.8
Cost of sales 1,825.9 1,824.2 3,570.3 3,398.1
Gross income 240.1 384.6 441.4 699.7
Operating expenses:        
Selling, general and administrative 167.9 177.6 337.1 349.6
Amortization of purchased intangibles 2.8 3.2 5.6 5.5
Total operating expenses 170.7 180.8 342.7 355.1
Operating income 69.4 203.8 98.7 344.6
Other income (expense):        
Interest expense (13.2) (12.2) (25.8) (24.0)
Interest income 1.3 0.5 2.3 1.1
Miscellaneous, net (15.1) 0.4 (14.0) 3.5
Income before income taxes and losses of unconsolidated affiliates 42.4 192.5 61.2 325.2
Provision for (benefit of) income taxes 13.7 (21.9) 33.9 11.3
Income before losses of unconsolidated affiliates 28.7 214.4 27.3 313.9
Equity in losses of unconsolidated affiliates (1.8) (0.5) (2.5) (0.4)
Net income $ 26.9 $ 213.9 $ 24.8 $ 313.5
Earnings per share:        
Basic $ 0.41 $ 3.11 $ 0.38 $ 4.57
Diluted 0.41 3.07 0.37 4.51
Cash dividends declared per share on Common Stock $ 0.37 $ 0.33 $ 0.74 $ 0.66