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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net sales $ 1,215,742 $ 1,202,218
Cost of sales 789,392 824,647
Selling, general and administrative 133,005 145,531
Total operating expenses 922,397 970,178
Operating income 293,345 232,040
Interest expense (18,947) (22,741)
Other (expense) income, net (1,942) 141,776
Income before income taxes 272,456 351,075
Provision for income taxes 53,223 70,459
Net income $ 219,233 $ 280,616
Basic earnings per share (in usd per share) $ 0.95 $ 1.23
Diluted earnings per share (in usd per share) $ 0.94 $ 1.22
Weighted average common shares outstanding:    
Basic shares 230,435 228,962
Diluted shares 232,296 230,872
Dividends declared and paid per share (in usd per shares) $ 0.20 $ 0.18