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Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Mar. 31, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]          
Net sales $ 332.8 $ 320.6   $ 1,044.4 $ 998.7
Cost of products sold:          
Cost of products sold, excluding depreciation and amortization and other items 267.2 254.7   822.7 767.1
Lower of cost or market inventory write-down 0.0 0.0 $ 4.9 0.0 4.9
Unrealized gain on derivative instruments (10.8) (2.0)   (14.0) (16.9)
Depreciation and amortization 10.2 9.0   29.3 26.7
Selling, general, administrative, research and development 24.7 25.6   74.7 79.2
Net periodic postretirement benefit cost relating to Salaried VEBA 1.2 0.8   3.4 2.5
Loss (gain) on removal of Union VEBA net assets 0.5 0.0   (0.8) (0.1)
Total selling, general, administrative, research and development 26.4 26.4   77.3 81.6
Goodwill impairment 0.0 0.0   18.4 0.0
Other operating charges, net 0.0 2.7   0.0 2.8
Total costs and expenses 293.0 290.8   933.7 866.2
Operating income 39.8 29.8   110.7 132.5
Other (expense) income:          
Interest expense (5.3) (5.5)   (16.4) (14.7)
Other (expense) income, net 1.5 0.0   3.1 (10.4)
Income before income taxes 36.0 24.3   97.4 107.4
Income tax provision (16.1) (9.4)   (36.8) (40.2)
Net income $ 19.9 $ 14.9   $ 60.6 $ 67.2
Net income per common share:          
Basic (in dollars per share) $ 1.18 $ 0.84   $ 3.55 $ 3.76
Diluted (in dollars per share) $ 1.16 $ 0.82   $ 3.49 $ 3.70
Weighted-average number of common shares outstanding (in thousands):          
Basic (shares) 16,834 17,841   17,072 17,858
Diluted (shares) 17,160 18,175   17,363 18,181
Cash dividends declared (in dollars per share) $ 0.50 $ 0.45   $ 1.50 $ 1.35