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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 2,846.9 $ 2,413.1 $ 5,390.7 $ 4,681.2
Cost of sales 2,300.8 1,988.6 4,374.6 3,922.9
Gross income 546.1 424.5 1,016.1 758.3
Operating expenses:        
Selling, general and administrative 220.0 185.4 416.8 384.5
Amortization of purchased intangibles 13.6 4.2 27.1 8.1
Intangible asset impairments 51.6 0.0 51.6 0.0
Total operating expenses 285.2 189.6 495.5 392.6
Operating income 260.9 234.9 520.6 365.7
Other income (expense):        
Interest expense (32.0) (13.3) (54.4) (26.7)
Interest income 1.7 5.2 3.3 11.4
Miscellaneous, net (1.5) 4.8 (3.5) 10.6
Income before income taxes and losses of unconsolidated affiliates 229.1 231.6 466.0 361.0
Provision for income taxes 53.5 56.3 108.2 90.5
Income before losses of unconsolidated affiliates 175.6 175.3 357.8 270.5
Losses of unconsolidated affiliates (7.0) (0.3) (9.8) (7.0)
Net income $ 168.6 $ 175.0 $ 348.0 $ 263.5
Earnings per share:        
Basic $ 2.57 $ 2.68 $ 5.30 $ 4.03
Diluted 2.56 2.67 5.27 4.01
Cash dividends declared per share on Common Stock $ 0.46 $ 0.41 $ 0.92 $ 0.82