XML 22 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 5,541,595,000 $ 6,179,727,000 $ 5,295,584,000
Cost of sales 3,881,551,000 4,246,315,000 3,678,492,000
Gross profit 1,660,044,000 1,933,412,000 1,617,092,000
Selling and administrative expenses 913,477,000 907,629,000 784,308,000
Operating income 746,567,000 1,025,783,000 832,784,000
Interest and other non-operating expenses, net 58,431,000 40,911,000 8,639,000
Income before income taxes and equity earnings 688,136,000 984,872,000 824,145,000
Provision for income taxes 165,084,000 236,763,000 173,812,000
Equity earnings in unconsolidated investments, net 177,000 353,000 291,000
Net income $ 523,229,000 $ 748,462,000 $ 650,624,000
Earnings per share:      
Basic (in dollars per share) $ 13.45 $ 18.89 $ 16.21
Diluted (in dollars per share) $ 13.35 $ 18.70 $ 15.97
Weighted average shares outstanding:      
Basic (in shares) 38,704 39,409 39,876
Diluted (in shares) 38,997 39,806 40,480
Cash dividends declared per common share (in dollars per share) $ 4.30 $ 3.80 $ 2.98