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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 1,622,837 $ 1,551,786 $ 4,866,065 $ 4,524,863
Cost of sales 1,020,920 1,004,596 3,096,635 2,941,604
Selling, general and administrative 163,782 162,670 506,963 480,657
Total operating expenses 1,184,702 1,167,266 3,603,598 3,422,261
Operating income 438,135 384,520 1,262,467 1,102,602
Interest expense (18,386) (20,245) (57,678) (60,165)
Other (expense) income, net (6,256) 3,227 (15,313) 7,752
Income before income taxes 413,493 367,502 1,189,476 1,050,189
Provision for income taxes 73,123 69,861 219,152 197,728
Net income $ 340,370 $ 297,641 $ 970,324 $ 852,461
Basic earnings per share (in usd per share) $ 1.48 $ 1.30 $ 4.21 $ 3.70
Diluted earnings per share (in usd per share) $ 1.47 $ 1.29 $ 4.19 $ 3.68
Weighted average common shares outstanding:        
Basic shares (in shares) 230,691 229,500 230,431 230,360
Diluted shares (in shares) 231,751 230,714 231,414 231,675
Dividends declared and paid per share (in usd per shares) $ 0.25 $ 0.22 $ 0.75 $ 0.66