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STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 6,047.4 $ 5,146.7 $ 16,918.4 $ 15,182.5
Cost of goods sold 3,458.0 3,007.1 9,827.1 8,519.5
Gross profit $ 2,589.4 $ 2,139.6 $ 7,091.3 $ 6,663.0
Percent to net sales 42.80% 41.60% 41.90% 43.90%
Selling, general and administrative expenses $ 1,528.6 $ 1,368.9 $ 4,455.2 $ 4,132.6
Percent to net sales 25.30% 26.60% 26.30% 27.20%
Other general (income) expense - net $ (14.4) $ (1.1) $ (7.5) $ 111.2
Amortization 81.3 76.2 237.8 233.2
Interest expense 101.2 83.1 282.5 249.8
Interest income (2.6) (0.7) (4.8) (1.9)
Other expense (income) - net 18.1 1.7 49.9 (1.6)
Income before income taxes 877.2 611.5 2,078.2 1,939.7
Income taxes 192.1 109.3 444.4 379.3
Net income $ 685.1 $ 502.2 $ 1,633.8 $ 1,560.4
Net income per common share:        
Basic (in dollars per share) $ 2.66 $ 1.92 $ 6.33 $ 5.92
Diluted (in dollars per share) $ 2.62 $ 1.88 $ 6.23 $ 5.82
Weighted average shares outstanding:        
Basic (in shares) 257.7 261.6 258.2 263.4
Diluted (in shares) 261.1 266.6 262.2 268.1