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SELECTED QUARTERLY FINANCIAL DATA (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2022
Quarterly Financial Data [Abstract]  
Quarterly Financial Information
 Quarter 
(Millions of Dollars, except per share amounts)FirstSecondThirdFourthYear
2022
Net Sales$4,448.0 $4,393.0 $4,119.6 $3,986.8 $16,947.4 
Gross profit1,305.4 1,207.1 1,018.1 753.5 4,284.1 
Selling, general and administrative (1)
960.3 852.7 799.8 757.2 3,370.0 
Net earnings (loss) from continuing operations155.6 78.7 36.6 (100.6)170.3 
Less: Net earnings attributable to non-controlling interest0.1 0.1 — — 0.2 
Less: Preferred stock dividends and beneficial conversion feature— — — 5.8 5.8 
Net Earnings (Loss) from Continuing Operations Attributable to Common Shareowners$155.5 $78.6 $36.6 $(106.4)$164.3 
Add: Contract adjustment payments accretion0.3 0.4 0.3 0.2 1.2 
Net Earnings (Loss) from Continuing Operations Attributable to Common Shareowners - Diluted$155.8 $79.0 $36.9 $(106.2)$165.5 
Net earnings from discontinued operations19.8 9.0 808.0 55.6 892.4 
Net Earnings (Loss) Attributable to Common Shareowners - Diluted$175.6 $88.0 $844.9 $(50.6)$1,057.9 
Basic earnings (loss) per share of common stock:
Continuing operations$1.00 $0.54 $0.25 $(0.72)$1.11 
Discontinued operations$0.13 $0.06 $5.60 $0.38 $6.02 
Total basic earnings (loss) per share of common stock$1.13 $0.60 $5.85 $(0.35)$7.13 
Diluted earnings (loss) per share of common stock:
Continuing operations$0.94 $0.51 $0.24 $(0.72)$1.06 
Discontinued operations$0.12 $0.06 $5.26 $0.37 $5.70 
Total diluted earnings (loss) per share of common stock$1.06 $0.57 $5.50 $(0.34)$6.76 
2021
Net Sales$3,720.8 $3,798.9 $3,779.7 $3,981.9 $15,281.3 
Gross profit1,387.8 1,361.8 1,215.6 1,127.0 5,092.2 
Selling, general and administrative (1)
719.1 767.1 773.5 933.4 3,193.1 
Net earnings from continuing operations459.6 432.5 379.5 279.2 1,550.8 
Less: Net losses attributable to non-controlling interest(0.6)(1.0)(0.1)— (1.7)
Less: Preferred stock dividends and beneficial conversion feature9.4 4.8 — — 14.2 
Net Earnings from Continuing Operations Attributable to Common Shareowners$450.8 $428.7 $379.6 $279.2 $1,538.3 
Add: Contract adjustment payments accretion0.2 0.3 0.4 0.4 1.3 
Net Earnings from Continuing Operations Attributable to Common Shareowners - Diluted$451.0 $429.0 $380.0 $279.6 $1,539.6 
Net earnings from discontinued operations27.2 26.0 34.6 48.9 136.7 
Net Earnings Attributable to Common Shareowners - Diluted$478.2 $455.0 $414.6 $328.5 $1,676.3 
Basic earnings per share of common stock:
Continuing operations$2.86 $2.70 $2.38 $1.75 $9.69 
Discontinued operations$0.17 $0.16 $0.22 $0.31 $0.86 
Total basic earnings per share of common stock$3.04 $2.87 $2.60 $2.06 $10.55 
Diluted earnings per share of common stock:
Continuing operations$2.74 $2.60 $2.30 $1.69 $9.33 
Discontinued operations$0.17 $0.16 $0.21 $0.30 $0.83 
Total diluted earnings per share of common stock$2.91 $2.75 $2.51 $1.99 $10.16 
(1) Includes provision for credit losses. The net impact of the above items and effect on diluted earnings per share by quarter was as follows:
 
Acquisition-Related Charges & OtherDiluted EPS Impact
• Q1 2022 —   $221 million loss ($192 million after-tax)
$(1.16) per diluted share
• Q2 2022 —   $248 million loss ($195 million after-tax)
$(1.26) per diluted share
• Q3 2022 —   $119 million loss ($79 million after-tax)
$(0.52) per diluted share
• Q4 2022 —   $54 million loss ($92 million after-tax)
$(0.62) per diluted share

The 2021 year-to-date results above include $194 million of pre-tax acquisition-related and other charges, a $64 million tax benefit related to these charges, as well as $11 million of after-tax charges related to the Company's share of equity method investment earnings. The net impact of the above items and effect on diluted earnings per share by quarter was as follows:
 
Acquisition-Related Charges & OtherDiluted EPS Impact
• Q1 2021 —   $24 million loss ($18 million after-tax and equity interest)
$(0.11) per diluted share
• Q2 2021 —   $33 million loss ($36 million after-tax and equity interest)
$(0.21) per diluted share
• Q3 2021 —   $33 million loss ($26 million after-tax and equity interest)
$(0.15) per diluted share
• Q4 2021 —   $104 million loss ($61 million after-tax and equity interest)
$(0.37) per diluted share