XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 1,646,111 $ 1,514,552 $ 3,243,228 $ 2,973,077
Cost of sales 1,053,190 988,175 2,075,715 1,937,008
Selling, general and administrative 174,130 161,535 343,181 317,987
Total operating expenses 1,227,320 1,149,710 2,418,896 2,254,995
Operating income 418,791 364,842 824,332 718,082
Interest expense (18,723) (20,350) (39,292) (39,920)
Other (expense) income, net (3,684) 1,973 (9,057) 4,525
Income before income taxes 396,384 346,465 775,983 682,687
Provision for income taxes 72,142 64,092 146,029 127,867
Net income $ 324,242 $ 282,373 $ 629,954 $ 554,820
Basic earnings per share (in usd per share) $ 1.41 $ 1.23 $ 2.74 $ 2.40
Diluted earnings per share (in usd per share) $ 1.40 $ 1.22 $ 2.72 $ 2.39
Weighted average common shares outstanding:        
Basic shares (in shares) 230,478 230,100 230,302 230,790
Diluted shares (in shares) 231,261 231,247 231,245 232,156
Dividends declared and paid per share (in usd per shares) $ 0.25 $ 0.22 $ 0.50 $ 0.44