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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 2,741.4 $ 2,509.9 $ 8,132.1 $ 7,191.1
Cost of sales 2,235.4 2,041.8 6,610.0 5,964.7
Gross income 506.0 468.1 1,522.1 1,226.4
Operating expenses:        
Selling, general and administrative 226.4 201.6 643.2 586.1
Amortization of purchased intangibles 13.4 10.0 40.5 18.1
Intangible asset impairments 0.0 0.0 51.6 0.0
Total operating expenses 239.8 211.6 735.3 604.2
Operating income 266.2 256.5 786.8 622.2
Other income (expense):        
Interest expense (33.6) (19.6) (88.0) (46.3)
Interest income 1.9 1.9 5.2 13.3
Miscellaneous, net 3.6 2.6 0.1 13.2
Income before income taxes and losses of unconsolidated affiliates 238.1 241.4 704.1 602.4
Provision for income taxes 56.6 55.3 164.8 145.8
Income before losses of unconsolidated affiliates 181.5 186.1 539.3 456.6
Losses of unconsolidated affiliates (1.2) (2.4) (11.0) (9.4)
Net income $ 180.3 $ 183.7 $ 528.3 $ 447.2
Earnings per share:        
Basic $ 2.76 $ 2.81 $ 8.06 $ 6.84
Diluted 2.75 2.79 8.02 6.80
Cash dividends declared per share on Common Stock $ 0.46 $ 0.41 $ 1.38 $ 1.23