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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 1,333.6 $ 1,259.8 $ 3,880.7 $ 3,459.4
Cost of goods sold 819.2 793.7 2,398.5 2,244.9
Selling and administrative expenses 191.8 161.7 547.9 467.6
Research and development expenses 8.1 7.2 26.6 20.7
Other operating income, net (1.9) (2.7) (11.4) (3.0)
Operating income 316.4 299.9 919.1 729.2
Interest expense, net 18.6 19.4 56.0 57.0
Interest income (22.6) (3.6) (44.3) (12.5)
Other non-operating (income) expense, net (1.1) 0.6 (1.5) (1.2)
Income from continuing operations before income taxes 321.5 283.5 908.9 685.9
Provision for income taxes 74.9 66.6 206.2 158.7
Income from continuing operations 246.6 216.9 702.7 527.2
Discontinued operations:        
(Loss) income before income taxes (4.4) 43.2 497.7 20.2
(Benefit from) provision for income taxes (2.1) (5.5) 51.4 (14.5)
(Loss) income from discontinued operations (2.3) 48.7 446.3 34.7
Net income $ 244.3 $ 265.6 $ 1,149.0 $ 561.9
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 5.36 $ 4.37 $ 14.93 $ 10.43
(Loss) income from discontinued operations (in dollars per share) (0.05) 0.98 9.48 0.69
Basic earnings per share (in dollars per share) 5.31 5.35 24.41 11.12
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 5.30 4.32 14.74 10.32
(Loss) income from discontinued operations (in dollars per share) (0.05) 0.97 9.36 0.68
Diluted earnings per share (in dollars per share) $ 5.25 $ 5.29 $ 24.10 $ 11.00
Average shares outstanding:        
Basic (in shares) 45.9 49.5 47.0 50.4
Diluted (in shares) 46.5 50.1 47.6 51.0
Comprehensive income:        
Net income $ 244.3 $ 265.6 $ 1,149.0 $ 561.9
Other comprehensive income (loss):        
Foreign currency gains (losses) 10.1 (15.8) 5.4 (1.7)
Amortization of unrecognized net periodic benefit costs, net of tax 0.5 0.2 1.4 0.8
Other, net of tax 0.1 0.1 2.0 (0.3)
Other comprehensive income (loss) 10.7 (15.5) 8.8 (1.2)
Comprehensive income $ 255.0 $ 250.1 $ 1,157.8 $ 560.7