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STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Net sales $ 5,367.3 $ 5,442.4
Cost of goods sold 2,836.3 3,021.5
Gross profit $ 2,531.0 $ 2,420.9
Percent to net sales 47.20% 44.50%
Selling, general and administrative expenses $ 1,799.8 $ 1,693.0
Percent to net sales 33.50% 31.10%
Other general expense - net $ 2.0 $ 10.5
Interest expense 103.0 109.3
Interest income (6.1) (3.5)
Other income - net (7.7) (3.2)
Income before income taxes 640.0 614.8
Income taxes 134.8 137.4
Net income $ 505.2 $ 477.4
Net income per common share:    
Basic (in dollars per share) $ 2.00 $ 1.86
Diluted (in dollars per share) $ 1.97 $ 1.84
Weighted average shares outstanding:    
Basic (in shares) 252.5 256.7
Diluted (in shares) 255.8 259.7