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STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 6,116.7 $ 6,047.4 $ 17,799.7 $ 16,918.4
Cost of goods sold 3,200.5 3,458.0 9,590.3 9,827.1
Gross profit $ 2,916.2 $ 2,589.4 $ 8,209.4 $ 7,091.3
Percent to net sales 47.70% 42.80% 46.10% 41.90%
Selling, general and administrative expenses $ 1,756.5 $ 1,609.9 $ 5,209.5 $ 4,693.0
Percent to net sales 28.70% 26.60% 29.30% 27.70%
Other general expense (income) - net $ 61.9 $ (14.4) $ 39.9 $ (7.5)
Impairment 0.0 0.0 34.0 0.0
Interest expense 101.9 101.2 322.9 282.5
Interest income (5.1) (2.6) (15.8) (4.8)
Other (income) expense - net (8.0) 18.1 (17.0) 49.9
Income before income taxes 1,009.0 877.2 2,635.9 2,078.2
Income taxes 247.5 192.1 603.3 444.4
Net income $ 761.5 $ 685.1 $ 2,032.6 $ 1,633.8
Net income per common share:        
Basic (in dollars per share) $ 2.98 $ 2.66 $ 7.94 $ 6.33
Diluted (in dollars per share) $ 2.95 $ 2.62 $ 7.85 $ 6.23
Weighted average shares outstanding:        
Basic (in shares) 255.1 257.7 255.9 258.2
Diluted (in shares) 258.4 261.1 258.8 262.2