XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Sales $ 21,357,285 $ 20,405,128 $ 21,390,264
Costs and expenses:      
Cost of sales 18,566,356 17,667,842 18,441,661
Selling, general, and administrative expenses 1,873,638 1,849,534 1,892,592
Depreciation and amortization 131,141 115,350 103,482
Restructuring, integration, and other charges 92,650 47,437 37,811
Settlement of legal matters 0 (79,158) 5,875
Total Costs and Expenses 20,663,785 19,601,005 20,481,421
Operating income 693,500 804,123 908,843
Equity in earnings of affiliated companies 7,429 8,112 6,736
Interest and other financing expense, net 114,433 101,876 105,971
Other 4,277 0 (193)
Income before income taxes 582,219 710,359 809,801
Provision for income taxes 182,343 203,642 210,485
Consolidated net income 399,876 506,717 599,316
Noncontrolling interests 456 385 506
Net income attributable to shareholders $ 399,420 $ 506,332 $ 598,810
Net income per share:      
Basic $ 3.89 $ 4.64 $ 5.25
Diluted $ 3.85 [1] $ 4.56 [1] $ 5.17 [1]
Weighted-average shares outstanding:      
Basic 102,559 109,240 114,025
Diluted 103,699 111,077 115,932
[1] Stock-based compensation awards for the issuance of 874 shares, 1,424 shares, and 1,051 shares for the years ended December 31, 2013, 2012, and 2011, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.