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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 3,074.1 $ 2,893.2 $ 2,949.8
Cost of goods and services sold 1,970.1 1,894.7 1,820.6
Gross profit 1,104.0 998.5 1,129.2
Research and development 74.3 69.1 68.4
Selling, general and administrative expenses 393.6 338.5 353.4
Other expense (income) (Note 16) 51.2 21.0 31.4
Operating profit 584.9 569.9 676.0
Interest expense 0.5 3.0 9.0
Interest income (17.5) (19.6) (28.0)
Other nonoperating expense (income) 1.0 1.0 (3.0)
Income before income taxes and equity in net income of affiliated companies 600.9 585.5 698.0
Income tax expense 121.6 107.5 122.3
Equity in net income of affiliated companies (14.4) (14.7) (17.7)
Net income $ 493.7 $ 492.7 $ 593.4
Net income per share:      
Basic (in dollars per share) $ 6.83 $ 6.75 $ 7.98
Diluted (in dollars per share) $ 6.79 $ 6.69 $ 7.88
Weighted average shares outstanding:      
Basic (in shares) 72.3 73.0 74.3
Diluted (in shares) 72.7 73.7 75.3