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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,879.9 $ 1,541.6 $ 3,687.0 $ 3,250.3
Cost of sales (1,431.1) (1,215.8) (2,834.5) (2,559.6)
Gross profit 448.8 325.8 852.5 690.7
Selling, general and administrative expenses (146.3) (136.3) (291.3) (282.2)
Goodwill impairment 0.0 (55.2) 0.0 (55.2)
Other expense, net (7.9) (18.2) (28.3) (28.1)
Income from operations 294.6 116.1 532.9 325.2
Non-operating pension income 5.0 0.6 9.8 1.1
Interest expense, net (24.9) (25.1) (48.4) (44.6)
Income before taxes 274.7 91.6 494.3 281.7
Provision for income taxes (67.4) (34.9) (120.5) (83.4)
Net income $ 207.3 $ 56.7 $ 373.8 $ 198.3
Net income per common share:        
Basic $ 2.18 $ 0.60 $ 3.94 $ 2.09
Diluted 2.17 0.59 3.92 2.08
Dividends declared per common share $ 1.00 $ 0.79 $ 2.00 $ 1.58
Statements of Comprehensive Income:        
Net income $ 207.3 $ 56.7 $ 373.8 $ 198.3
Changes in unrealized gains (losses) on marketable debt securities, net of tax of $0.0 million, $0.3 million, $0.1 million, and $0.2 million (0.1) 0.9 (0.2) 0.7
Amortization of pension and postretirement plans actuarial loss and prior service cost, net of tax of $0.8 million and $0.9 million, $1.7 million, and $1.8 million 2.5 2.7 5.0 5.4
Other comprehensive income 2.4 3.6 4.8 6.1
Comprehensive income $ 209.7 $ 60.3 $ 378.6 $ 204.4