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Statements of Consolidated Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 23,098.5 $ 23,051.9 $ 22,148.9
Cost of goods sold 11,903.4 12,293.8 12,823.8
Gross profit $ 11,195.1 $ 10,758.1 $ 9,325.1
Gross profit, percent to net sales 48.50% 46.70% 42.10%
Selling, general and administrative expenses $ 7,422.1 $ 7,065.4 $ 6,331.6
Selling, general and administrative expenses, percent to net sales 32.10% 30.60% 28.60%
Other general (income) expense - net $ (38.8) $ 67.1 $ (24.9)
Impairment 0.0 57.9 15.5
Interest expense 415.7 417.5 390.8
Interest income (11.0) (25.2) (8.0)
Other (income) expense - net (44.7) 65.5 47.0
Income before income taxes 3,451.8 3,109.9 2,573.1
Income taxes 770.4 721.1 553.0
Net income $ 2,681.4 $ 2,388.8 $ 2,020.1
Net income per common share:      
Basic (in dollars per share) $ 10.68 $ 9.35 $ 7.83
Diluted (in dollars per share) $ 10.55 $ 9.25 $ 7.72
Weighted average shares outstanding:      
Basic (in shares) 251.0 255.4 258.0
Diluted (in shares) 254.1 258.3 261.8