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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
NET SALES $ 1,032.4 $ 1,111.1 $ 2,126.8 $ 2,224.4
Cost of Products Sold 356.4 426.8 749.9 832.5
GROSS PROFIT 676.0 684.3 1,376.9 1,391.9
Operating Expenses:        
Selling, General and Administrative 230.2 242.3 463.4 475.2
Advertising and Promotion 190.2 174.6 334.6 330.3
Research and Development 27.7 26.7 53.6 53.8
Other (Income)/Expenses—net (1.3) (4.2) 10.9 (3.5)
EARNINGS BEFORE INTEREST AND INCOME TAXES 229.2 244.9 514.4 536.1
Interest Expense-net 13.9 15.3 27.7 27.7
EARNINGS BEFORE INCOME TAXES 215.3 229.6 486.7 508.4
Provision for Income Taxes 52.7 53.5 117.0 124.5
NET EARNINGS 162.6 176.1 369.7 383.9
Less Net Earnings/(Loss) Attributable to Noncontrolling Interests (0.3) 4.7 (0.6) 10.1
NET EARNINGS ATTRIBUTABLE TO SHAREHOLDERS $ 162.9 $ 171.4 $ 370.3 $ 373.8
Earnings per Share-Basic        
Net Earnings Attributable to Shareholders (in dollars per share) $ 0.80 $ 0.85 $ 1.83 $ 1.85
Earnings per Share-Diluted        
Net Earnings Attributable to Shareholders (in dollars per share) $ 0.80 $ 0.84 $ 1.82 $ 1.84
Weighted Average Shares - Basic 202.7 202.2 202.5 202.0
Weighted Average Shares - Diluted 203.1 202.7 203.1 202.5
Dividends Declared per Share (in dollars per share) $ 0.4125 $ 0.3750 $ 0.8250 $ 0.7500