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Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information (Unaudited) |
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
|  | (In thousands, except per share amounts) |
Year Ended December 31, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 995,606 |  |  | $ | 1,169,109 |  |  | $ | 2,206,961 |  |  | $ | 2,113,216 |
Gross profit |  |  | 540,051 |  |  |  | 600,008 |  |  |  | 1,187,980 |  |  |  | 1,150,844 |
Advertising and promotion expenses |  |  | 104,540 |  |  |  | 113,403 |  |  |  | 249,386 |  |  |  | 282,876 |
Other selling and administrative expenses |  |  | 369,680 |  |  |  | 391,815 |  |  |  | 410,419 |  |  |  | 388,661 |
Operating income |  |  | 65,831 |  |  |  | 94,790 |  |  |  | 528,175 |  |  |  | 479,307 |
Income before income taxes |  |  | 44,165 |  |  |  | 78,729 |  |  |  | 514,343 |  |  |  | 461,891 |
Net income (a) |  |  | 38,511 |  |  |  | 73,348 |  |  |  | 422,836 |  |  |  | 369,249 |
Net income per common share—basic |  | $ | 0.11 |  |  | $ | 0.21 |  |  | $ | 1.22 |  |  | $ | 1.08 |
Weighted average number of common shares |  |  | 344,315 |  |  |  | 346,614 |  |  |  | 343,279 |  |  |  | 339,402 |
Net income per common share—diluted |  | $ | 0.11 |  |  | $ | 0.21 |  |  | $ | 1.21 |  |  | $ | 1.07 |
Weighted average number of common and potential common shares |  |  | 348,795 |  |  |  | 350,424 |  |  |  | 346,695 |  |  |  | 343,237 |
Dividends declared per common share |  | $ | 0.36 |  |  | $ | 0.36 |  |  | $ | 0.36 |  |  | $ | 0.36 |
Common stock market price: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High |  | $ | 43.77 |  |  | $ | 46.79 |  |  | $ | 47.08 |  |  | $ | 47.82 |
Low |  |  | 35.70 |  |  |  | 42.64 |  |  |  | 40.39 |  |  |  | 40.39 |
Year Ended December 31, 2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 928,449 |  |  | $ | 1,158,711 |  |  | $ | 2,077,816 |  |  | $ | 2,255,905 |
Gross profit |  |  | 473,371 |  |  |  | 594,522 |  |  |  | 1,115,371 |  |  |  | 1,225,933 |
Advertising and promotion expenses |  |  | 97,859 |  |  |  | 112,395 |  |  |  | 234,793 |  |  |  | 272,756 |
Other selling and administrative expenses (b) |  |  | 346,776 |  |  |  | 350,694 |  |  |  | 393,211 |  |  |  | 579,698 |
Operating income (b) |  |  | 28,736 |  |  |  | 131,433 |  |  |  | 487,367 |  |  |  | 373,479 |
Income before income taxes |  |  | 10,168 |  |  |  | 111,361 |  |  |  | 466,847 |  |  |  | 356,669 |
Net income (a) |  |  | 7,829 |  |  |  | 96,218 |  |  |  | 365,937 |  |  |  | 306,480 |
Net income per common share—basic |  | $ | 0.02 |  |  | $ | 0.28 |  |  | $ | 1.06 |  |  | $ | 0.88 |
Weighted average number of common shares |  |  | 339,144 |  |  |  | 341,256 |  |  |  | 342,595 |  |  |  | 343,624 |
Net income per common share—diluted |  | $ | 0.02 |  |  | $ | 0.28 |  |  | $ | 1.04 |  |  | $ | 0.87 |
Weighted average number of common and potential common shares |  |  | 343,660 |  |  |  | 345,554 |  |  |  | 347,122 |  |  |  | 348,351 |
Dividends declared per common share |  | $ | 0.31 |  |  | $ | 0.31 |  |  | $ | 0.31 |  |  | $ | 0.31 |
Common stock market price: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
High |  | $ | 34.39 |  |  | $ | 34.30 |  |  | $ | 36.17 |  |  | $ | 37.79 |
Low |  |  | 27.76 |  |  |  | 30.56 |  |  |  | 31.04 |  |  |  | 35.11 |
(a) | Net income for the first quarter of 2013 included $4.0 million of net tax benefits primarily related to enacted tax law changes. Net income for the second and third quarter of 2013 included net tax benefits of $11.2 million and $17.0 million, respectively, primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions, settlements, and enacted tax law changes. Net income for the second and third quarter of 2012 included net tax benefits of $10.5 million and $5.5 million, respectively, primarily related to reassessments of prior years’ tax liabilities based on the status of audits and tax filings in various jurisdictions, settlements, and enacted tax law changes. Net income for the fourth quarter of 2012 included the impact of the Litigation Charge, net of tax, of $87.1 million.
(b) | Other selling and administrative expenses and operating income for the fourth quarter of 2012 included the impact of the Litigation Charge of $137.8 million.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
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