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STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 6,240.6 $ 5,872.3 $ 11,683.0 $ 10,871.0
Cost of goods sold 3,368.3 3,423.3 6,389.8 6,369.1
Gross profit $ 2,872.3 $ 2,449.0 $ 5,293.2 $ 4,501.9
Percent to net sales 46.00% 41.70% 45.30% 41.40%
Selling, general and administrative expenses $ 1,760.0 $ 1,597.6 $ 3,453.0 $ 3,083.1
Percent to net sales 28.20% 27.20% 29.60% 28.40%
Other general (income) expense - net $ (32.5) $ 4.4 $ (22.0) $ 6.9
Impairment 34.0 0.0 34.0 0.0
Interest expense 111.7 92.9 221.0 181.3
Interest income (7.2) (1.3) (10.7) (2.2)
Other (income) expense - net (5.8) 15.5 (9.0) 31.8
Income before income taxes 1,012.1 739.9 1,626.9 1,201.0
Income taxes 218.4 162.0 355.8 252.3
Net income $ 793.7 $ 577.9 $ 1,271.1 $ 948.7
Net income per common share:        
Basic (in dollars per share) $ 3.10 $ 2.24 $ 4.96 $ 3.67
Diluted (in dollars per share) $ 3.07 $ 2.21 $ 4.90 $ 3.61
Weighted average shares outstanding:        
Basic (in shares) 256.0 258.1 256.3 258.5
Diluted (in shares) 258.9 261.8 259.3 262.5