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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net sales $ 1,436.2 $ 1,425.1
Cost of goods sold 1,249.4 1,198.0
Gross profit 186.8 227.1
Selling, general and administrative expenses 86.1 90.0
Amortization of intangible assets 21.5 21.5
Restructuring and acquisition-related costs 8.9 17.5
Loss on sale of business 0.0 2.6
Operating income 70.3 95.5
Interest expense (44.7) (51.1)
Interest income 3.0 2.9
Debt refinancing and redemption costs (5.6) (1.1)
Unrealized loss on equity securities (18.0) 0.0
Other income (expense), net (1.0) 1.2
Income before income taxes 4.0 47.4
Income tax expense 3.0 8.8
Net income $ 1.0 $ 38.6
Basic earnings per share $ 0.01 $ 0.33
Diluted earnings per share $ 0.01 $ 0.33