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Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Condensed Consolidated Statements Of Income [Abstract]        
Net Sales $ 2,852.6 $ 2,789.7 $ 8,317.3 $ 7,844.1
Cost of merchandise sold (2,283.7) (2,215.5) (6,640.6) (6,250.8)
Gross Margin 568.9 574.2 1,676.7 1,593.3
Selling, general and administrative expenses (389.6) (369.7) (1,126.9) (1,044.4)
Depreciation and amortization (18.0) (13.4) (47.6) (39.6)
Other income, net 1.6 0.2 3.5 2.6
Income from Operations 162.9 191.3 505.7 511.9
Non-operating expenses (2.7) (21.3) (8.6) (32.3)
Income before Provision for Income Taxes 160.2 170.0 497.1 479.6
Provision for income taxes (42.1) (43.7) (129.6) (123.1)
Net Income 118.1 126.3 367.5 356.5
Net income attributable to noncontrolling interests (0.4) (0.2) (0.8) (0.6)
Net Income attributable to Graybar Electric Company, Inc. $ 117.7 $ 126.1 $ 366.7 $ 355.9
Net Income attributable to Graybar Electric Company, Inc. per share of Common Stock [1] $ 4.40 $ 4.73 $ 13.68 $ 13.38
Cash Dividends per share of Common Stock $ 0.30 $ 0.30 $ 0.90 $ 0.90
Average Common Shares Outstanding [1] 26.7 26.6 26.8 26.6
[1] Adjusted for the declaration of a 15% stock dividend in 2022, shares related to which were issued in February 2023. Prior to the adjustment, the average common shares outstanding were 23.1 million for the three and nine months ended September 30, 2022.