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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 2,413.1 $ 2,066.0 $ 4,681.2 $ 4,011.7
Cost of sales 1,988.6 1,819.0 3,922.9 3,560.9
Gross income 424.5 247.0 758.3 450.8
Operating expenses:        
Selling, general and administrative 185.4 167.9 384.5 337.1
Amortization of purchased intangibles 4.2 2.8 8.1 5.6
Total operating expenses 189.6 170.7 392.6 342.7
Operating income 234.9 76.3 365.7 108.1
Other income (expense):        
Interest expense (13.3) (13.2) (26.7) (25.8)
Interest income 5.2 1.3 11.4 2.3
Miscellaneous, net 4.8 (15.1) 10.6 (14.0)
Income before income taxes and losses of unconsolidated affiliates 231.6 49.3 361.0 70.6
Provision for income taxes 56.3 15.4 90.5 36.2
Income before losses of unconsolidated affiliates 175.3 33.9 270.5 34.4
Losses of unconsolidated affiliates (0.3) (1.8) (7.0) (2.5)
Net income $ 175.0 $ 32.1 $ 263.5 $ 31.9
Earnings per share:        
Basic $ 2.68 $ 0.49 $ 4.03 $ 0.48
Diluted 2.67 0.49 4.01 0.48
Cash dividends declared per share on Common Stock $ 0.41 $ 0.37 $ 0.82 $ 0.74