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STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 5,872.3 $ 5,379.8 $ 10,871.0 $ 10,035.8
Cost of goods sold 3,423.3 2,968.4 6,369.1 5,512.4
Gross profit $ 2,449.0 $ 2,411.4 $ 4,501.9 $ 4,523.4
Percent to net sales 41.70% 44.80% 41.40% 45.10%
Selling, general and administrative expenses $ 1,519.1 $ 1,437.8 $ 2,926.6 $ 2,763.7
Percent to net sales 25.90% 26.70% 26.90% 27.50%
Other general expense (income) - net $ 4.4 $ (5.2) $ 6.9 $ 112.3
Amortization 78.5 77.8 156.5 157.0
Interest expense 92.9 83.5 181.3 166.7
Interest income (1.3) (0.6) (2.2) (1.2)
Other expense (income) - net 15.5 (1.1) 31.8 (3.3)
Income before income taxes 739.9 819.2 1,201.0 1,328.2
Income taxes 162.0 170.6 252.3 270.0
Net income $ 577.9 $ 648.6 $ 948.7 $ 1,058.2
Net income per common share:        
Basic (in dollars per share) $ 2.24 $ 2.47 $ 3.67 $ 4.00
Diluted (in dollars per share) $ 2.21 $ 2.42 $ 3.61 $ 3.93
Weighted average shares outstanding:        
Basic (in shares) 258.1 262.8 258.5 264.3
Diluted (in shares) 261.8 267.8 262.5 269.0