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Statements of Consolidated Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net sales $ 19,944.6 $ 18,361.7 $ 17,900.8
Cost of goods sold 11,401.9 9,679.1 9,864.7
Gross profit $ 8,542.7 $ 8,682.6 $ 8,036.1
Gross profit, Percent to net sales 42.80% 47.30% 44.90%
Selling, general and administrative expenses $ 5,572.5 $ 5,477.9 $ 5,274.9
Selling, general and administrative expenses, Percent to net sales 27.90% 29.80% 29.50%
Other general expense - net $ 101.8 $ 27.7 $ 39.1
Amortization 309.5 313.4 312.8
Impairment of trademarks 0.0 2.3 122.1
Interest expense 334.7 340.4 349.3
Interest and net investment income (4.9) (3.6) (25.9)
Other (income) expense - net (19.5) 5.3 (18.0)
Income before income taxes 2,248.6 2,519.2 1,981.8
Income tax expense 384.2 488.8 440.5
Net income $ 1,864.4 $ 2,030.4 $ 1,541.3
Net income per share:      
Basic (in dollars per share) $ 7.10 $ 7.48 $ 5.60
Diluted (in dollars per share) $ 6.98 $ 7.36 $ 5.50
Weighted average shares outstanding:      
Basic (in shares) 262,500,000 271,300,000 275,400,000
Diluted (in shares) 267,100,000 275,800,000 280,300,000