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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net Sales $ 1,918,788 $ 1,755,780 $ 3,820,531 $ 4,032,767
Cost of sales 940,854 908,902 2,027,004 2,154,076
Gross Profit 977,934 846,878 1,793,527 1,878,691
Advertising and promotion expenses 124,265 127,600 290,337 291,545
Other selling and administrative expenses 379,811 327,906 1,081,594 990,627
Operating income 473,858 391,372 421,596 596,519
Interest expense 30,716 33,870 92,486 99,730
Interest (income) (4,569) (1,903) (15,409) (5,064)
Other non-operating (income) expense, net (2,391) (4,293) (5,976) 11,966
Income before income taxes 450,102 363,698 350,495 489,887
Provision for income taxes 309,342 80,035 296,767 130,530
(Income) from equity method investments (5,559) (6,219) (13,306) (18,419)
Net Income $ 146,319 $ 289,882 $ 67,034 $ 377,776
Net Income Per Common Share - Basic (USD per share) $ 0.41 $ 0.82 $ 0.19 $ 1.07
Weighted-average number of common shares (in shares) 354,139 354,471 354,559 353,394
Net Income Per Common Share - Diluted (USD per share) $ 0.41 $ 0.80 $ 0.19 $ 1.05
Weighted average number of common and potential common shares (in shares) 357,474 360,229 357,977 359,731