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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenues $ 5,003.6 $ 4,586.9 $ 5,449.4
Cost of goods sold 3,115.9 2,952.7 3,583.4
Selling and administrative expenses 722.8 625.2 623.5
Research and development expenses 35.4 28.7 19.0
Other operating (income) expense, net (13.6) (2.5) 18.7
Operating income 1,143.1 982.8 1,204.8
Interest expense, net 73.3 75.6 85.9
Interest income (60.3) (20.1) (6.8)
Other non-operating expense (income), net 19.2 (3.1) 2.0
Income from continuing operations before income taxes 1,110.9 930.4 1,123.7
Provision for income taxes 245.8 211.5 265.7
Income from continuing operations 865.1 718.9 858.0
Discontinued operations:      
Income before income taxes 480.3 21.7 66.6
Provision for (benefit from) income taxes 33.6 (26.8) 0.6
Income from discontinued operations 446.7 48.5 66.0
Net income $ 1,311.8 $ 767.4 $ 924.0
Basic earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) $ 18.58 $ 14.38 $ 16.53
(Loss) income from discontinued operations (in dollars per share) 9.59 0.97 1.27
Basic earnings per share (in dollars per share) 28.17 15.35 17.80
Diluted earnings per share attributable to common shares:      
Income from continuing operations (in dollars per share) 18.34 14.22 16.30
Income from discontinued operations (in dollars per share) 9.48 0.96 1.26
Diluted earnings per share (in dollars per share) $ 27.82 $ 15.18 $ 17.56
Average shares outstanding:      
Basic (in shares) 46.5 49.9 51.8
Diluted (in shares) 47.1 50.4 52.5
Comprehensive income:      
Net income $ 1,311.8 $ 767.4 $ 924.0
Other comprehensive income (loss):      
Foreign currency (losses) gains (22.9) 46.1 (50.4)
Amortization of unrecognized net periodic benefit costs, net of tax 20.7 (1.3) (1.8)
Other, net of tax 3.2 1.9 (0.4)
Other comprehensive income (loss) 1.0 46.7 (52.6)
Comprehensive income $ 1,312.8 $ 814.1 $ 871.4