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Selected Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of information on net sales, gross profit, net income, earnings per share and dividends per share
The following tables provide information on Net sales, Gross profit, Net income, Earnings per share and Cash dividends declared per share by quarter (in millions, except per share data):
 
Net Sales (1)
 
Gross Profit (1)
 
Net Income (1)
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
First Quarter
$
790.3

 
$
834.8

 
$
201.6

 
$
223.2

 
$
69.3

 
$
37.9

Second Quarter
1,099.1

 
1,175.4

 
332.1

 
361.6

 
110.7

 
137.6

Third Quarter
1,032.9

 
1,030.2

 
298.3

 
301.9

 
114.7

 
108.0

Fourth Quarter
885.0

 
843.6

 
247.8

 
224.5

 
114.0

 
75.6


 
Basic Earnings
per Share (2)
 
Diluted Earnings
per Share (2)
 
Cash Dividends per Common Share
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
First Quarter
$
1.75

 
$
0.91

 
$
1.73

 
$
0.90

 
$
0.64

 
$
0.51

Second Quarter
2.83

 
3.38

 
2.80

 
3.35

 
0.77

 
0.64

Third Quarter
2.97

 
2.68

 
2.94

 
2.65

 
0.77

 
0.64

Fourth Quarter
2.96

 
1.89

 
2.93

 
1.87

 
0.77

 
0.64



(1) The sum of the quarterly results for each of the four quarters may not equal the full year results due to rounding.

(2) EPS for each quarter is computed using the weighted-average number of shares outstanding during that quarter, while EPS for the fiscal year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the EPS for each of the four quarters may not equal the EPS for the fiscal year.