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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 493.6 $ 521.0 $ 896.2 $ 962.6
Cost of products sold 329.4 371.0 612.7 693.0
Gross profit 164.2 150.0 283.5 269.6
Operating costs and expenses:        
Selling, general and administrative expenses 98.0 91.6 193.0 190.4
Amortization of intangibles 11.0 10.5 21.9 21.6
Restructuring charges 0.0 1.9 3.3 2.2
Change in fair value of contingent consideration 0.0 (9.4) 0.0 (6.8)
Total operating costs and expenses 109.0 94.6 218.2 207.4
Operating income [1] 55.2 55.4 65.3 62.2
Non-operating expense (income):        
Interest expense 15.5 10.8 29.4 20.5
Interest income (2.2) (2.2) (4.6) (3.6)
Non-operating pension expense (income) 0.2 (1.3) 0.3 (2.7)
Other (income) expense, net (0.3) (3.7) 1.5 (2.8)
Income before income tax 42.0 51.8 38.7 50.8
Income tax expense 15.6 12.4 16.0 14.1
Net income $ 26.4 $ 39.4 $ 22.7 $ 36.7
Per share:        
Basic income per share $ 0.28 $ 0.41 $ 0.24 $ 0.38
Diluted income per share $ 0.27 $ 0.4 $ 0.23 $ 0.37
Weighted average number of shares outstanding:        
Basic (in shares) 95.4 96.2 95.1 96.2
Diluted (in shares) 96.3 97.4 96.7 98.0
[1] Operating income is defined as i) net sales; ii) less cost of products sold; iii) less selling, general and administrative expenses; iv) less amortization of intangibles; v) less restructuring charges; and vi) less change in the fair value of contingent consideration.