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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 4,146.7 $ 4,040.9
Cost of goods sold 2,257.0 2,305.8
Gross profit $ 1,889.7 $ 1,735.1
Percent to net sales 45.60% 42.90%
Selling, general and administrative expenses $ 1,307.6 $ 1,244.0
Percent to net sales 31.50% 30.80%
Other general expense (income) - net $ 3.7 $ (0.5)
Amortization 78.1 78.8
Interest expense 86.2 91.0
Interest and net investment income (0.6) (0.4)
Other expense - net 22.4 23.3
Income before income taxes 392.3 298.9
Income taxes 70.6 53.7
Net income $ 321.7 $ 245.2
Net income per common share:    
Basic (in dollars per share) $ 3.53 $ 2.67
Diluted (in dollars per share) $ 3.46 $ 2.62
Weighted average shares outstanding:    
Basic (in shares) 91,075,973 91,952,828
Diluted (in shares) 92,859,944 93,668,728