XML 79 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net Sales $ 1,791,968 $ 2,021,424 $ 3,702,869 $ 4,029,853
Cost of sales 912,371 1,000,286 1,899,966 2,034,614
Gross Profit 879,597 1,021,138 1,802,903 1,995,239
Advertising and promotion expenses 213,245 218,746 420,417 409,433
Other selling and administrative expenses 365,579 392,913 1,135,617 1,169,101
Operating Income 300,773 409,479 246,869 416,705
Interest expense 21,409 21,009 62,516 57,220
Interest (income) (1,990) (1,773) (5,757) (5,238)
Other non-operating (income), net (4,785) (3,937) (2,984) (5,665)
Income Before Income Taxes 286,139 394,180 193,094 370,388
Provision for income taxes 62,355 62,344 38,838 21,445
Net Income $ 223,784 $ 331,836 $ 154,256 $ 348,943
Net Income Per Common Share-Basic $ 0.66 $ 0.97 $ 0.45 $ 1.02
Weighted average number of common shares 339,420 338,728 338,954 339,216
Net Income Per Common Share-Diluted $ 0.66 $ 0.97 $ 0.45 $ 1.02
Weighted average number of common and potential common shares 339,790 340,329 339,544 341,167
Dividends Declared Per Common Share $ 0.38 $ 0.38 $ 1.14 $ 1.14