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Quarterly Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2025
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information | The following is a summary of the quarterly results of operations for the year ended December 31, 2025:
| September 30, 2025(1) |  | June 30, 2025(1) |  | March 31, 2025(1)
Three months ended (In millions, except per share data) | As Reported | Immaterial Error Correction | Impact of LIFO Change | Adjusted |  | As Reported | Immaterial Error Correction | Impact of LIFO Change | Adjusted |  | As Reported | Immaterial Error Correction | Impact of LIFO Change | Adjusted
Net sales | $ | 1,426.8 |  | $ | — |  | $ | — |  | $ | 1,426.8 |  |  | $ | 1,500.9 |  | $ | — |  | $ | — |  | $ | 1,500.9 |  |  | $ | 1,072.6 |  | $ | — |  | $ | — |  | $ | 1,072.6 |
Cost of goods sold | 958.2 |  | (5.4) |  | (13.2) |  | 939.6 |  |  | 978.4 |  | 1.5 |  | 3.5 |  | 983.4 |  |  | 744.1 |  | (5.1) |  | (7.3) |  | 731.7 |
Gross profit | 468.6 |  | 5.4 |  | 13.2 |  | 487.2 |  |  | 522.5 |  | (1.5) |  | (3.5) |  | 517.5 |  |  | 328.5 |  | 5.1 |  | 7.3 |  | 340.9 |
Operating income | 310.2 |  | 5.4 |  | 13.2 |  | 328.8 |  |  | 354.0 |  | (1.5) |  | (3.5) |  | 349.0 |  |  | 155.6 |  | 5.1 |  | 7.3 |  | 168.0 |
Income before income taxes | 298.8 |  | 5.4 |  | 13.2 |  | 317.4 |  |  | 345.0 |  | (1.5) |  | (3.5) |  | 340.0 |  |  | 148.4 |  | 5.1 |  | 7.3 |  | 160.8 |
Provision for income taxes | 53.0 |  | 1.3 |  | 3.2 |  | 57.5 |  |  | 67.4 |  | (0.4) |  | (0.9) |  | 66.1 |  |  | 28.1 |  | 1.3 |  | 1.8 |  | 31.2 |
Net income | $ | 245.8 |  | $ | 4.1 |  | $ | 10.0 |  | $ | 259.9 |  |  | $ | 277.6 |  | $ | (1.1) |  | $ | (2.6) |  | $ | 273.9 |  |  | $ | 120.3 |  | $ | 3.8 |  | $ | 5.5 |  | $ | 129.6 |
Earnings per share - Basic | $ | 7.01 |  | $ | 0.12 |  | $ | 0.28 |  | $ | 7.41 |  |  | $ | 7.86 |  | $ | (0.03) |  | $ | (0.08) |  | $ | 7.75 |  |  | $ | 3.39 |  | $ | 0.11 |  | $ | 0.15 |  | $ | 3.65 |
Earnings per share - Diluted | $ | 6.98 |  | $ | 0.12 |  | $ | 0.28 |  | $ | 7.38 |  |  | $ | 7.82 |  | $ | (0.03) |  | $ | (0.08) |  | $ | 7.71 |  |  | $ | 3.37 |  | $ | 0.11 |  | $ | 0.15 |  | $ | 3.63 |
(1) In the fourth quarter of 2025, we changed the method of accounting for our inventories from LIFO to FIFO. The effects of the change in accounting principle have been retrospectively applied. Through our assessment of our change in method of inventory valuation, we identified and corrected immaterial errors in the capitalization of inventory variances for the respective quarters. In accordance with ASC 250, Accounting Changes and Error Corrections, the quarterly information for the first three quarters of 2025, which had been previously reported, has been adjusted on a retrospective basis to reflect that change in accounting principle. See Note 2 for further information. The following table compares the amounts currently reported for the fourth quarter to the amounts that would have been reported under LIFO (in millions):
| For the Three Months Ended December 31, 2025
Three months ended (In millions, except per share data) | As Reported Under FIFO | Impact of LIFO Change | Calculated Under LIFO
Net sales | $ | 1,195.0 |  | $ | — |  | $ | 1,195.0 |
Cost of goods sold | 805.7 |  | 3.7 |  | 809.4 |
Gross profit | 389.3 |  | (3.7) |  | 385.6 |
Operating income | 195.8 |  | (3.7) |  | 192.1 |
Income before income taxes | 178.7 |  | (3.7) |  | 175.0 |
Provision for income taxes | 36.2 |  | (0.9) |  | 35.3 |
Net income | $ | 142.5 |  | $ | (2.8) |  | $ | 139.7 |
Earnings per share - Basic | $ | 4.08 |  | $ | (0.08) |  | $ | 4.00 |
Earnings per share - Diluted | $ | 4.07 |  | $ | (0.08) |  | $ | 3.99 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 + Details
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