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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net Sales [1] $ 849.0 $ 812.3
Cost of sales 470.0 456.8
Gross Profit 379.0 355.5
Marketing expenses 92.5 88.8
Selling, general and administrative expenses 107.0 94.6
Income from Operations 179.5 172.1
Equity in earnings of affiliates 1.7 2.3
Investment earnings 0.3 0.5
Other income (expense), net (1.7) (2.0)
Interest expense (6.8) (7.6)
Income before Income Taxes [2] 173.0 165.3
Income taxes 60.0 58.1
Net Income $ 113.0 $ 107.2
Weighted average shares outstanding - Basic 129.4 132.0
Weighted average shares outstanding - Diluted 131.8 134.6
Net income per share - Basic $ 0.87 $ 0.81
Net income per share - Diluted 0.86 0.80
Cash dividends per share $ 0.355 $ 0.335
[1] Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $1.0 and $1.3 for the three months ended March 31, 2016 and March 31, 2015.
[2] In determining Income before Income Taxes, interest expense and investment earnings were allocated among segments based upon each segment’s relative Income from Operations.