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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Net sales $ 16,308,801 $ 15,339,713 $ 15,280,044
Cost of goods sold 11,402,403 10,740,106 10,724,192
Gross margin 4,906,398 4,599,607 4,555,852
Operating expenses:      
Selling, administrative, and other expenses 3,705,136 3,370,833 3,277,390
Depreciation and amortization 167,691 147,487 141,675
Provision for doubtful accounts 13,932 11,515 12,373
Total operating expenses 3,886,759 3,529,835 3,431,438
Non-operating expenses (income) :      
Interest expense 41,486 21,084 21,662
Other (31,115) (25,652) (20,929)
Total non-operating expenses (income) 10,371 (4,568) 733
Income before income taxes 1,009,268 1,074,340 1,123,681
Income taxes $ 392,511 $ 387,100 $ 418,009
Basic net income per common share (in dollars per share) $ 4.19 $ 4.61 $ 4.65
Diluted net income per common share (in dollars per share) $ 4.18 $ 4.59 $ 4.63
Weighted average common shares outstanding (in shares) 147,140 149,051 151,667
Dilutive effect of stock options and nonvested restricted stock awards (in shares) 561 753 829
Weighted average common shares outstanding — assuming dilution (in shares) 147,701 149,804 152,496
Net income $ 616,757 $ 687,240 $ 705,672
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustment 137,694 (8,957) (207,986)
Net investment hedge, net of income taxes of 2017 — $9,711 (17,388) 0 0
Pension and postretirement benefit adjustments, net of income taxes of 2017 — ($20,539); 2016 — $50,144; 2015 — $5,335 40,123 (73,446) (2,421)
Other comprehensive income (loss), net of tax 160,429 (82,403) (210,407)
Comprehensive income $ 777,186 $ 604,837 $ 495,265