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Consolidated Statement of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,708,564 $ 1,622,837 $ 5,179,578 $ 4,866,065
Cost of sales 1,092,754 1,020,920 3,347,860 3,096,635
Selling, general and administrative 169,959 163,782 521,137 506,963
Total operating expenses 1,262,713 1,184,702 3,868,997 3,603,598
Operating income 445,851 438,135 1,310,581 1,262,467
Interest expense (25,118) (18,386) (90,962) (57,678)
Other (expense) income, net (1,888) (6,256) (2,435) (15,313)
Income before income taxes 418,845 413,493 1,217,184 1,189,476
Provision for income taxes 78,604 73,123 228,317 219,152
Net income $ 340,241 $ 340,370 $ 988,867 $ 970,324
Basic earnings per share (in usd per share) $ 1.47 $ 1.48 $ 4.28 $ 4.21
Diluted earnings per share (in usd per share) $ 1.47 $ 1.47 $ 4.26 $ 4.19
Weighted average common shares outstanding:        
Basic shares (in shares) 231,342 230,691 231,292 230,431
Diluted shares (in shares) 232,224 231,751 232,188 231,414
Dividends declared and paid per share (in usd per shares) $ 0.28 $ 0.25 $ 0.84 $ 0.75