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Condensed Consolidated and Combined Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 858.8 $ 745.2 $ 2,402.4 $ 2,167.4
Cost of goods sold 505.6 455.2 1,414.1 1,362.3
Gross profit 353.2 290.0 988.3 805.1
Selling, general and administrative 178.7 154.8 508.8 445.3
Research and development 18.3 14.7 52.5 44.5
Operating income 156.2 120.5 427.0 315.3
Net interest expense 25.5 8.1 55.0 22.8
Gain on sale of investment 0.0 0.0 10.2 0.0
Other expense 1.4 0.5 3.7 2.3
Income before income taxes 129.3 111.9 378.5 290.2
Provision for income taxes 23.8 18.5 66.3 49.1
Net income 105.5 93.4 312.2 241.1
Comprehensive income, net of tax        
Net income 105.5 93.4 312.2 241.1
Changes in cumulative translation adjustment (14.9) (13.7) (11.1) (19.7)
Changes in market value of derivative financial instruments, net of tax (1.1) 6.7 (6.0) 6.5
Comprehensive income $ 89.5 $ 86.4 $ 295.1 $ 227.9
Earnings per ordinary share        
Basic pro forma earnings per ordinary share (in dollars per share) $ 0.64 $ 0.56 $ 1.89 $ 1.45
Diluted pro forma earnings per ordinary share (in dollars per share) $ 0.63 $ 0.55 $ 1.86 $ 1.43
Weighted average ordinary shares outstanding        
Basic (shares) 165.8 166.5 165.6 166.4
Diluted (shares) 168.6 168.3 168.2 168.2
Cash dividends paid per ordinary share (in usd per share) $ 0.175 $ 0.175 $ 0.525 $ 0.525