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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net Sales $ 4,895.8 $ 4,357.7 $ 4,145.9
Cost of sales 2,681.6 2,373.7 2,305.1
Gross Profit 2,214.2 1,984.0 1,840.8
Marketing expenses 591.2 515.0 483.2
Selling, general and administrative expenses 593.3 628.8 565.9
Income from Operations 1,029.7 840.2 791.7
Equity in earnings of affiliates 6.7 6.6 9.2
Investment earnings 0.5 1.6 1.9
Other income (expense), net (2.1) (1.1) (3.9)
Interest expense (61.0) (73.6) (79.4)
Income before Income Taxes 973.8 773.7 719.5
Income taxes 187.9 157.8 150.9
Net Income $ 785.9 $ 615.9 $ 568.6
Weighted average shares outstanding - Basic 246.8 246.2 245.5
Weighted average shares outstanding - Diluted 252.2 252.1 250.7
Net income per share - Basic $ 3.18 $ 2.50 $ 2.32
Net income per share - Diluted 3.12 2.44 2.27
Cash dividends per share $ 0.96 $ 0.91 $ 0.87