XML 18 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenues $ 4,586.9 $ 5,449.4 $ 3,836.7
Cost of goods sold 2,952.7 3,583.4 2,741.2
Selling and administrative expenses 625.2 623.5 507.8
Research and development expenses 28.7 19.0 16.4
Other operating (income) expense, net (2.5) 18.7 (2.1)
Operating income 982.8 1,204.8 573.4
Interest expense, net 75.6 85.9 80.2
Interest income (20.1) (6.8) (1.1)
Other non-operating (income) expense, net (3.1) 2.0 4.4
Income from continuing operations before income taxes 930.4 1,123.7 489.9
Provision for income taxes 211.5 265.7 104.3
Income from continuing operations 718.9 858.0 385.6
Discontinued operations:      
Income before income taxes 21.7 66.6 2.5
(Benefit) provision from income taxes (26.8) 0.6 (33.6)
Income from discontinued operations 48.5 66.0 36.1
Net income $ 767.4 $ 924.0 $ 421.7
Basic earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) $ 14.38 $ 16.53 $ 7.33
(Loss) income from discontinued operations (in dollars per share) 0.97 1.27 0.68
Basic earnings per share (in dollars per share) 15.35 17.80 8.01
Diluted earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) 14.22 16.30 7.23
Income from discontinued operations (in dollars per share) 0.96 1.26 0.68
Diluted earnings per share (in dollars per share) $ 15.18 $ 17.56 $ 7.91
Average shares outstanding:      
Basic (shares) 49.9 51.8 52.5
Diluted (shares) 50.4 52.5 53.2
Comprehensive income:      
Net income $ 767.4 $ 924.0 $ 421.7
Other comprehensive income (loss):      
Foreign currency gains (losses) 46.1 (50.4) (11.9)
Amortization of unrecognized net periodic benefit costs, net of tax (1.3) (1.8) 4.1
Other, net of tax 1.9 (0.4) (0.4)
Other comprehensive income (loss) 46.7 (52.6) (8.2)
Comprehensive income $ 814.1 $ 871.4 $ 413.5