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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net Sales [1] $ 877.2 $ 849.0
Cost of sales 477.9 470.0
Gross Profit 399.3 379.0
Marketing expenses 90.8 92.5
Selling, general and administrative expenses 112.4 107.0
Income from Operations 196.1 179.5
Equity in earnings of affiliates 2.1 1.7
Investment earnings 0.4 0.3
Other income (expense), net (0.2) (1.7)
Interest expense (8.2) (6.8)
Income before Income Taxes [2] 190.2 173.0
Income taxes 58.7 60.0
Net Income $ 131.5 $ 113.0
Weighted average shares outstanding - Basic 254.1 258.8
Weighted average shares outstanding - Diluted 259.7 263.6
Net income per share - Basic $ 0.52 $ 0.44
Net income per share - Diluted 0.51 0.43
Cash dividends per share $ 0.19 $ 0.178
[1] Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $1.4 and $1.0 for the three months ended March 31, 2017 and March 31, 2016, respectively.
[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.