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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,011,922 $ 1,289,412 $ 2,214,140 $ 2,577,103
Cost of sales 669,195 838,153 1,493,842 1,689,460
Selling, general and administrative 115,737 155,849 261,268 308,974
Total operating expenses 784,932 994,002 1,755,110 1,998,434
Operating income 226,990 295,410 459,030 578,669
Interest expense (22,669) (21,475) (45,410) (44,128)
Other income (expense), net 2,131 (3,336) 143,907 (7,004)
Income before income taxes 206,452 270,599 557,527 527,537
Provision for income taxes 40,235 55,096 110,694 107,766
Net income $ 166,217 $ 215,503 $ 446,833 $ 419,771
Basic earnings per share (in usd per share) $ 0.73 $ 0.95 $ 1.95 $ 1.85
Diluted earnings per share (in usd per share) $ 0.72 $ 0.94 $ 1.94 $ 1.83
Weighted average common shares outstanding:        
Basic shares (in shares) 229,225 227,577 229,094 227,219
Diluted shares (in shares) 230,381 229,328 230,626 229,007
Dividends declared and paid per share (in usd per shares) $ 0.18 $ 0.14 $ 0.36 $ 0.28