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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net sales $ 11,692,576 $ 11,202,263 $ 11,164,992
Cost of sales 7,769,885 5,901,375 6,167,176
Gross profit 3,922,691 5,300,888 4,997,816
Selling, marketing and administrative expense 2,460,569 2,373,621 2,436,508
Business realignment costs 20,594 29,035 441
Operating profit 1,441,528 2,898,232 2,560,867
Interest expense, net 190,206 165,655 151,785
Other (income) expense, net 37,114 258,641 237,218
Income before income taxes 1,214,208 2,473,936 2,171,864
Provision for income taxes 330,949 252,697 310,077
Net income $ 883,259 $ 2,221,239 $ 1,861,787
Common stock      
Net income per share—basic:      
Net income per share - basic (USD per share) $ 4.46 $ 11.22 $ 9.31
Net income per share—diluted:      
Net income per share - diluted (USD per share) 4.34 10.92 9.06
Dividends paid per share:      
Dividends paid per share (USD per share) 5.480 5.480 4.456
Class B common stock      
Net income per share—basic:      
Net income per share - basic (USD per share) 4.05 10.20 8.52
Net income per share—diluted:      
Net income per share - diluted (USD per share) 4.05 10.18 8.50
Dividends paid per share:      
Dividends paid per share (USD per share) $ 4.980 $ 4.980 $ 4.050