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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net Sales $ 1,317.3 $ 1,311.4 $ 3,939.6 $ 3,821.4
Cost of sales 767.6 732.2 2,292.1 2,139.1
Gross Profit 549.7 579.2 1,647.5 1,682.3
Marketing expenses 140.7 160.9 345.5 376.6
Selling, general and administrative expenses 155.1 116.9 505.8 403.0
Income from Operations 253.9 301.4 796.2 902.7
Equity in earnings of affiliates 3.7 2.0 10.0 7.4
Investment earnings, net 1.5 0.0 1.8 0.1
Other income (expense), net (0.9) (0.7) (1.2) (1.1)
Interest expense (23.7) (13.4) (59.6) (41.5)
Income before Income Taxes 234.5 289.3 747.2 867.6
Income taxes 47.4 58.9 168.6 198.2
Net Income $ 187.1 $ 230.4 $ 578.6 $ 669.4
Weighted average shares outstanding - Basic 242.8 245.3 242.7 245.2
Weighted average shares outstanding - Diluted 246.0 249.8 246.4 249.9
Net income per share - Basic $ 0.77 $ 0.94 $ 2.38 $ 2.73
Net income per share - Diluted 0.76 0.92 2.35 2.68
Cash dividends per share $ 0.26 $ 0.25 $ 0.79 $ 0.76