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v3.23.2

Segment Information (Details) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) segment | Jun. 30, 2022 USD ($)
Segment Reporting [Abstract] |  |  |  |
Number of reportable segments | segment |  |  | 2 |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Net sales | $ 753.8 | $ 771.3 | $ 1,470.4 | $ 1,491.3
Operating profit | 182.5 | 228.4 | 337.8 | 418.1
Stock-based compensation expense |  |  | (16.0) | (11.0)
Loss on disposal of plant | (2.2) | 0.0 | (11.6) | 0.0
Interest (income) expense, net and other nonoperating (income) expense, net | (2.4) | 1.2 | (5.0) | 3.1
Income before income taxes and equity in net income of affiliated companies | 184.9 | 227.2 | 342.8 | 415.0
Operating Segments |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Operating profit | 209.1 | 248.1 | 397.2 | 460.6
Intersegment sales elimination |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Net sales | 0.0 | (0.2) | 0.0 | (0.2)
Corporate and Unallocated |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Operating profit | (26.6) | (19.7) | (59.4) | (42.5)
Stock-based compensation expense | (7.5) | (5.5) | (16.0) | (11.0)
Corporate general costs | (16.6) | (15.6) | (31.3) | (32.7)
Loss on disposal of plant | (2.2) | 0.0 | (11.6) | 0.0
Restructuring and severance related charges |  | 1.6 | (0.1) |
Amortization of acquisition-related intangible assets | (0.2) | (0.2) | (0.4) | (0.4)
Corporate and Unallocated | 2022 Restructuring Plan |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Restructuring and severance related charges | (0.1) |  | (0.1) |
Inventory write-down | 0.9 |  |  |
Corporate and Unallocated | 2020 Restructuring Plan |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Restructuring and severance related charges |  | 1.6 |  | 1.6
Corporate and Unallocated | Other Operating Income (Expense) |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Loss on disposal of plant | (2.2) |  | (11.6) |
Corporate and Unallocated | Other Operating Income (Expense) | 2022 Restructuring Plan |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Restructuring and severance related charges | 0.8 |  | 0.8 |
Proprietary Products |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Loss on disposal of plant | (2.2) |  | (11.6) |
Proprietary Products | Operating Segments |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Net sales | 618.0 | 653.7 | 1,201.1 | 1,255.0
Operating profit | 194.2 | 233.9 | 364.9 | 427.3
Contract-Manufactured Products | Operating Segments |  |  |  |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] |  |  |  |
Net sales | 135.8 | 117.8 | 269.3 | 236.5
Operating profit | $ 14.9 | $ 14.2 | $ 32.3 | $ 33.3

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