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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 11,202,263 $ 11,164,992 $ 10,419,294
Cost of sales 5,901,375 6,167,176 5,920,509
Gross profit 5,300,888 4,997,816 4,498,785
Selling, marketing and administrative expense 2,373,621 2,436,508 2,236,009
Business realignment costs 29,035 441 1,989
Operating profit 2,898,232 2,560,867 2,260,787
Interest expense, net 165,655 151,785 137,557
Other (income) expense, net 258,641 237,218 206,159
Income before income taxes 2,473,936 2,171,864 1,917,071
Provision for income taxes 252,697 310,077 272,254
Net income $ 2,221,239 $ 1,861,787 $ 1,644,817
Common stock      
Net income per share—basic:      
Net income per share - basic (USD per share) $ 11.22 $ 9.31 $ 8.22
Net income per share—diluted:      
Net income per share - diluted (USD per share) 10.92 9.06 7.96
Dividends paid per share:      
Dividends paid per share (USD per share) 5.480 4.456 3.874
Class B common stock      
Net income per share—basic:      
Net income per share - basic (USD per share) 10.20 8.52 7.47
Net income per share—diluted:      
Net income per share - diluted (USD per share) 10.18 8.50 7.45
Dividends paid per share:      
Dividends paid per share (USD per share) $ 4.980 $ 4.050 $ 3.522