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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 1,202,218 $ 1,287,691
Cost of sales 824,647 851,307
Selling, general and administrative 145,531 153,125
Total operating expenses 970,178 1,004,432
Operating income 232,040 283,259
Interest expense (22,741) (22,653)
Other income (expense), net 141,776 (3,668)
Income before income taxes 351,075 256,938
Provision for income taxes 70,459 52,670
Net income $ 280,616 $ 204,268
Basic earnings per share $ 1.23 $ 0.90
Diluted earnings per share $ 1.22 $ 0.89
Weighted average common shares outstanding:    
Basic shares 228,962 226,861
Diluted shares 230,872 228,686
Dividends declared and paid per share $ 0.18 $ 0.14