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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 1,449.5 $ 1,450.6 $ 2,545.3 $ 2,547.1
Cost of goods sold 908.4 881.7 1,618.5 1,579.3
Selling and administrative expenses 196.9 189.3 390.9 356.1
Research and development expenses 11.1 9.3 21.8 18.5
Other operating expense (income), net (1.9) (7.2) (4.5) (9.5)
Operating income 335.0 377.5 518.6 602.7
Interest expense 14.7 18.8 29.5 37.4
Interest income (1.4) (13.8) (7.8) (21.7)
Other non-operating expense (income), net (1.9) (0.1) (1.7) (0.4)
Income from continuing operations before income taxes 323.6 372.6 498.6 587.4
Provision for income taxes 68.1 87.4 103.0 131.3
Income from continuing operations 255.5 285.2 395.6 456.1
Income from discontinued operations 0.3 427.2 3.5 448.6
Net income $ 255.8 $ 712.4 $ 399.1 $ 904.7
Basic earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) $ 5.92 $ 6.02 $ 9.05 $ 9.58
Income from discontinued operations (in dollars per share) 0.01 9.01 0.08 9.42
Basic earnings per share (in dollars per share) 5.93 15.03 9.13 19.00
Diluted earnings per share attributable to common shares:        
Income from continuing operations (in dollars per share) 5.87 5.94 8.97 9.45
Income from discontinued operations(in dollars per share) 0.01 8.90 0.08 9.30
Diluted earnings per share (in dollars per share) $ 5.88 $ 14.84 $ 9.05 $ 18.75
Average shares outstanding:        
Basic (in shares) 43.0 47.3 43.6 47.5
Diluted (in shares) 43.4 47.9 44.0 48.2
Comprehensive income:        
Net income $ 255.8 $ 712.4 $ 399.1 $ 904.7
Other comprehensive income (loss):        
Foreign currency gains (losses) 29.2 5.0 37.2 (4.7)
Other, net of tax 0.4 1.3 0.7 2.8
Other comprehensive income (loss) 29.6 6.3 37.9 (1.9)
Comprehensive income $ 285.4 $ 718.7 $ 437.0 $ 902.8