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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net Sales $ 1,755,780 $ 1,762,293 $ 4,032,767 $ 3,662,851
Cost of sales 908,902 919,754 2,154,076 1,920,470
Gross Profit 846,878 842,539 1,878,691 1,742,381
Advertising and promotion expenses 127,600 117,650 291,545 280,074
Other selling and administrative expenses 327,906 335,815 990,627 990,221
Operating Income 391,372 389,074 596,519 472,086
Interest expense 33,870 52,062 99,730 220,689
Interest (income) (1,903) (753) (5,064) (2,156)
Other non-operating (income) expense, net (4,293) 3,901 11,966 3,347
Income Before Income Taxes 363,698 333,864 489,887 250,206
Provision (Benefit) for income taxes 80,035 (456,754) 130,530 (415,805)
(Income) from equity method investments (6,219) (4,458) (18,419) (11,143)
Net income $ 289,882 $ 795,076 $ 377,776 $ 677,154
Net Income Per Common Share - Basic (USD per share) $ 0.82 $ 2.27 $ 1.07 $ 1.94
Weighted-average number of common shares (in shares) 354,471 350,424 353,394 349,642
Net Income Per Common Share - Diluted (USD per share) $ 0.80 $ 2.24 $ 1.05 $ 1.91
Weighted average number of common and potential common shares (in shares) 360,229 354,178 359,731 354,313