XML 21 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Sales $ 23,282,020 $ 22,768,674 $ 21,357,285
Costs and expenses:      
Cost of sales 20,246,770 19,772,779 18,566,356
Selling, general, and administrative expenses 1,986,249 1,959,749 1,873,638
Depreciation and amortization 155,754 156,048 131,141
Restructuring, integration, and other charges 68,765 39,841 92,650
Trade name impairment charge 0 78,000 0
Total Costs and Expenses 22,457,538 22,006,417 20,663,785
Operating income 824,482 762,257 693,500
Equity in earnings of affiliated companies 7,037 7,318 7,429
Gain on sale of investment 2,008 29,743 0
Loss on prepayment of debt 2,943 0 4,277
Interest and other financing expense, net 135,401 115,985 114,433
Other expense 3,000 0 0
Income before income taxes 692,183 683,333 582,219
Provision for income taxes 191,697 184,943 182,343
Consolidated net income 500,486 498,390 399,876
Noncontrolling interests 2,760 345 456
Net income attributable to shareholders $ 497,726 $ 498,045 $ 399,420
Net income per share:      
Basic $ 5.26 $ 5.05 $ 3.89
Diluted [1] $ 5.20 $ 4.98 $ 3.85
Weighted-average shares outstanding:      
Basic 94,608 98,675 102,559
Diluted 95,686 99,947 103,699
[1] Stock-based compensation awards for the issuance of 658 shares, 294 shares, and 874 shares for the years ended December 31, 2015, 2014, and 2013, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.