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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net Sales $ 1,510.6 $ 1,455.9 $ 4,525.1 $ 4,339.9
Cost of sales 827.5 809.6 2,442.9 2,432.7
Gross Profit 683.1 646.3 2,082.2 1,907.2
Marketing expenses 185.8 167.8 490.2 422.3
Selling, general and administrative expenses 231.7 222.7 684.5 643.6
Tradename and other asset impairments 357.1 0.0 357.1 0.0
(Loss) Income from Operations (91.5) 255.8 550.4 841.3
Equity in earnings of affiliates 3.0 1.7 7.2 8.1
Interest income 10.6 4.5 17.7 7.2
Interest expense (23.4) (27.2) (71.6) (83.9)
Other income (expense), net (0.1) (0.8) (0.5) (0.5)
(Loss) Income before Income Taxes (101.4) 234.0 503.2 772.2
Income taxes (26.3) 56.5 107.1 170.3
Net (Loss) Income $ (75.1) $ 177.5 $ 396.1 $ 601.9
Weighted average shares outstanding - Basic 244.6 246.0 244.1 244.9
Weighted average shares outstanding - Diluted 244.6 248.7 246.7 247.8
Net (loss) income per share - Basic $ (0.31) $ 0.72 $ 1.62 $ 2.46
Net (loss) income per share - Diluted (0.31) 0.71 1.61 2.43
Cash dividends per share $ 0.28 $ 0.27 $ 0.85 $ 0.82