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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,734,834 $ 1,646,111 $ 3,471,014 $ 3,243,228
Cost of sales 1,110,425 1,053,190 2,255,106 2,075,715
Selling, general and administrative 176,895 174,130 351,178 343,181
Total operating expenses 1,287,320 1,227,320 2,606,284 2,418,896
Operating income 447,514 418,791 864,730 824,332
Interest expense (30,590) (18,723) (65,844) (39,292)
Other income (expense), net 86 (3,684) (547) (9,057)
Income before income taxes 417,010 396,384 798,339 775,983
Provision for income taxes 79,327 72,142 149,713 146,029
Net income $ 337,683 $ 324,242 $ 648,626 $ 629,954
Basic earnings per share (in usd per share) $ 1.46 $ 1.41 $ 2.80 $ 2.74
Diluted earnings per share (in usd per share) $ 1.45 $ 1.40 $ 2.79 $ 2.72
Weighted average common shares outstanding:        
Basic shares (in shares) 231,437 230,478 231,267 230,302
Diluted shares (in shares) 232,304 231,261 232,170 231,245
Dividends declared and paid per share (in usd per shares) $ 0.28 $ 0.25 $ 0.56 $ 0.50