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Statements of Consolidated Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net sales $ 4,040,861 $ 3,965,006
Cost of goods sold 2,305,784 2,278,159
Gross profit $ 1,735,077 $ 1,686,847
Percent to net sales 42.90% 42.50%
Selling, general and administrative expenses $ 1,244,017 $ 1,214,565
Percent to net sales 30.80% 30.60%
Other general (income) expense - net $ (458) $ 2,990
Amortization 78,771 85,049
Interest expense 90,994 91,547
Interest and net investment income (410) (1,618)
Other expense (income) - net 23,309 (9,272)
Income before income taxes 298,854 303,586
Income taxes 53,617 53,459
Net income $ 245,237 $ 250,127
Net income per share - basic (in dollars per share) $ 2.67 $ 2.68
Net income per share - diluted (in dollars per share) $ 2.62 $ 2.62
Average shares outstanding - basic (in shares) 91,952,828 93,339,564
Average shares and equivalents outstanding - diluted (in shares) 93,668,728 95,546,152