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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 484.5 $ 471.8 $ 921.0 $ 902.2
Cost of sales 375.0 300.0 702.2 555.6
Gross margin 109.5 171.8 218.8 346.6
Selling, general and administrative expense 57.9 58.0 115.6 116.4
Other operating income (expense):        
Currency transactions, net (1.1) 9.8 (0.2) 4.8
Other operating expense, net (4.0) (3.7) (7.5) (7.6)
Income from operations 46.5 119.9 95.5 227.4
Other income (expense):        
Interest and dividend income 1.7 1.2 3.8 2.2
Marketable equity securities 1.2 (2.2) 1.8 (2.4)
Other components of net periodic pension and OPEB cost (3.8) (3.8) (7.6) (7.6)
Interest expense (4.7) (5.0) (9.5) (9.8)
Income before income taxes 40.9 110.1 84.0 209.8
Income tax expense 11.4 32.4 24.2 61.4
Net income $ 29.5 $ 77.7 $ 59.8 $ 148.4
Net income per basic and diluted share $ 0.25 $ 0.67 $ 0.52 $ 1.28
Weighted average shares used in the calculation of net income per share 115.9 115.9 115.9 115.9