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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 1,440,681 $ 1,126,942 $ 4,042,769 $ 3,341,082
Cost of sales 949,402 732,705 2,651,506 2,226,547
Selling, general and administrative 153,716 123,496 443,744 384,764
Total operating expenses 1,103,118 856,201 3,095,250 2,611,311
Operating income 337,563 270,741 947,519 729,771
Interest expense (20,476) (21,187) (59,865) (66,597)
Other income (expense), net 2,581 (1,479) (3,775) 142,428
Income before income taxes 319,668 248,075 883,879 805,602
Provision for income taxes 62,208 43,494 175,507 154,188
Net income $ 257,460 $ 204,581 $ 708,372 $ 651,414
Basic earnings per share (in usd per share) $ 1.11 $ 0.89 $ 3.07 $ 2.84
Diluted earnings per share (in usd per share) $ 1.10 $ 0.88 $ 3.04 $ 2.82
Weighted average common shares outstanding:        
Basic shares 231,171 229,576 230,811 229,254
Diluted shares 233,000 231,460 232,712 230,904
Dividends declared and paid per share (in usd per shares) $ 0.20 $ 0.18 $ 0.60 $ 0.54