XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 5,824,602 $ 5,675,274 $ 17,504,726 $ 16,572,323
Cost of goods sold 3,715,361 3,695,607 11,247,341 10,805,910
Gross profit 2,109,241 1,979,667 6,257,385 5,766,413
Operating expenses:        
Selling, administrative and other expenses 1,551,799 1,458,418 4,644,696 4,226,412
Depreciation and amortization 83,860 86,563 261,948 259,822
Provision for doubtful accounts 8,417 6,146 22,378 13,539
Total operating expenses 1,644,076 1,551,127 4,929,022 4,499,773
Non-operating expense (income):        
Interest expense, net 15,827 18,220 49,146 58,318
Other (15,722) (7,616) (44,338) (26,897)
Total non-operating expense (income) 105 10,604 4,808 31,421
Income before income taxes 465,060 417,936 1,323,555 1,235,219
Income taxes 113,862 105,578 323,906 304,494
Net income $ 351,198 $ 312,358 $ 999,649 $ 930,725
Dividends declared per common share (usd per share) $ 0.9500 $ 0.895 $ 2.8500 $ 2.685
Basic earnings per share (usd per share) 2.50 2.21 7.11 6.57
Diluted earnings per share (usd per share) $ 2.49 $ 2.20 $ 7.08 $ 6.53