XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 4,186.1 $ 3,891.7 $ 7,792.5 $ 7,147.6
Cost of sales 3,490.5 3,250.9 6,493.0 5,953.3
Gross profit 695.6 640.8 1,299.5 1,194.3
Selling and administrative expenses 381.4 363.5 744.1 710.9
Advertising expense 48.7 46.5 85.8 81.9
Income from operations 265.5 230.8 469.6 401.5
Interest expense, net (37.2) (35.9) (74.9) (75.6)
Net loss on extinguishments of long-term debt 0.0 0.0 0.0 (57.4)
Other income, net 1.5 0.4 0.8 1.3
Income before income taxes 229.8 195.3 395.5 269.8
Income tax expense (56.8) (54.4) (95.5) (70.8)
Net income $ 173.0 $ 140.9 $ 300.0 $ 199.0
Net income per common share:        
Basic (in dollars per share) $ 1.14 $ 0.90 $ 1.98 $ 1.26
Diluted (in dollars per share) $ 1.12 $ 0.89 $ 1.94 $ 1.24
Weighted-average common shares outstanding:        
Basic (in shares) 151.6 156.0 151.9 157.7
Diluted (in shares) 153.9 159.0 154.4 160.9
Cash dividends declared per common share (in dollars per share) $ 0.2100 $ 0.1600 $ 0.4200 $ 0.3200