XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net sales $ 4,373.2 $ 3,933.2 $ 12,165.7 $ 11,080.8
Cost of sales 3,659.6 3,291.0 10,152.6 9,244.3
Gross profit 713.6 642.2 2,013.1 1,836.5
Selling and administrative expenses 390.7 351.9 1,134.8 1,062.8
Advertising expense 48.1 46.3 133.9 128.1
Income from operations 274.8 244.0 744.4 645.6
Interest expense, net (36.6) (37.8) (111.5) (113.4)
Net loss on extinguishments of long-term debt 0.0 0.0 0.0 (57.4)
Other income, net 0.2 0.7 1.0 1.9
Income before income taxes 238.4 206.9 633.9 476.7
Income tax expense (54.7) (77.6) (150.2) (148.4)
Net income $ 183.7 $ 129.3 $ 483.7 $ 328.3
Net income per common share:        
Basic (in dollars per share) $ 1.22 $ 0.84 $ 3.19 $ 2.10
Diluted (in dollars per share) $ 1.20 $ 0.83 $ 3.14 $ 2.06
Weighted-average common shares outstanding:        
Basic (in shares) 150.9 153.8 151.6 156.3
Diluted (in shares) 153.7 156.2 154.1 159.2
Cash dividends declared per common share (in dollars per share) $ 0.2100 $ 0.1600 $ 0.6300 $ 0.4800