XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated Statements of Income      
Sales $ 14,409,860 $ 13,327,563 $ 11,604,493
Cost of goods sold, including warehouse and distribution expenses 7,028,154 6,307,614 5,518,801
Gross profit 7,381,706 7,019,949 6,085,692
Selling, general and administrative expenses 4,427,215 4,102,781 3,666,356
Operating income 2,954,491 2,917,168 2,419,336
Other income (expense):      
Interest expense (157,720) (144,768) (161,126)
Interest income 4,763 1,971 2,491
Other, net (2,879) 7,543 5,704
Total other expense (155,836) (135,254) (152,931)
Income before income taxes 2,798,655 2,781,914 2,266,405
Provision for income taxes 626,005 617,229 514,103
Net income $ 2,172,650 $ 2,164,685 $ 1,752,302
Earnings per share-basic:      
Earnings per share $ 33.75 $ 31.39 $ 23.74
Weighted-average common shares outstanding - basic 64,372 68,967 73,817
Earnings per share-assuming dilution:      
Earnings per share $ 33.44 $ 31.10 $ 23.53
Weighted-average common shares outstanding - assuming dilution 64,962 69,611 74,462