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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Condensed Consolidated Statement of Operations (Unaudited) [Abstract]        
Revenue $ 2,156,871 $ 1,786,696 $ 4,115,892 $ 3,369,966
Cost of goods and services 1,341,014 1,097,998 2,551,210 2,069,111
Gross profit 815,857 688,698 1,564,682 1,300,855
Selling and administrative expenses 474,130 423,809 952,649 832,978
Operating earnings 341,727 264,889 612,033 467,877
Interest expense, net 28,134 26,942 56,420 54,111
Other expense (income), net 1,374 (4,708) 2,594 (5,949)
Earnings before provision for income taxes and discontinued operations 312,219 242,655 553,019 419,715
Provision for income taxes 63,125 70,762 120,619 126,337
Earnings from continuing operations 249,094 171,893 432,400 293,378
Gain (loss) from discontinued operations, net 675 (2,023) 12,274 (15,381)
Net earnings $ 249,769 $ 169,870 $ 444,674 $ 277,997
Basis earnings (loss) per common share:        
Earnings from continuing operations (in dollars per share) $ 1.34 $ 0.92 $ 2.32 $ 1.57
Gain (loss) from discontinued operations, net (in dollars per share) $ 0 $ (0.01) $ 0.07 $ (0.08)
Net earnings (in dollars per share) $ 1.34 $ 0.91 $ 2.38 $ 1.49
Weighted average shares outstanding (in shares) 186,443 186,823 186,522 186,998
Diluted earnings (loss) per common share:        
Earnings from continuing operations (in dollars per share) $ 1.31 $ 0.91 $ 2.28 $ 1.55
Gain (loss) from discontinued operations, net (in dollars per share) $ 0 $ (0.01) $ 0.06 $ (0.08)
Net earnings (in dollars per share) $ 1.32 $ 0.90 $ 2.34 $ 1.47
Weighted average shares outstanding (in shares) 189,705 188,720 189,905 188,948
Dividends paid per common share (in dollars per share) $ 0.275 $ 0.26 $ 0.55 $ 0.52
The following table is a reconciliation of the share amounts used in computing earnings per share:        
Weighted average shares outstanding - Basic (in shares) 186,443 186,823 186,522 186,998
Dilutive effect of assumed exercise of employee stock options, SARs and performance shares (in shares) 3,262 1,897 3,383 1,950
Weighted average shares outstanding - Diluted (in shares) 189,705 188,720 189,905 188,948
Anti-dilutive options/SARs excluded from diluted EPS computation (in shares) 1,513 3,790 1,184 1,501