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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net Sales $ 1,325.1 $ 1,271.1 $ 2,622.3 $ 2,510.0
Cost of sales 779.8 718.9 1,524.5 1,406.9
Gross Profit 545.3 552.2 1,097.8 1,103.1
Marketing expenses 102.9 117.0 204.8 215.7
Selling, general and administrative expenses 180.8 136.5 350.7 286.1
Income from Operations 261.6 298.7 542.3 601.3
Equity in earnings of affiliates 3.9 2.8 6.3 5.4
Investment earnings, net 0.3 0.2 0.3 0.1
Other income (expense), net 0.0 (0.3) (0.3) (0.4)
Interest expense (19.3) (14.1) (35.9) (28.1)
Income before Income Taxes 246.5 287.3 512.7 578.3
Income taxes 59.4 69.0 121.2 139.3
Net Income $ 187.1 $ 218.3 $ 391.5 $ 439.0
Weighted average shares outstanding - Basic 242.6 245.2 242.6 245.2
Weighted average shares outstanding - Diluted 246.4 250.0 246.5 249.9
Net income per share - Basic $ 0.77 $ 0.89 $ 1.61 $ 1.79
Net income per share - Diluted 0.76 0.87 1.59 1.76
Cash dividends per share $ 0.26 $ 0.25 $ 0.53 $ 0.50