XML 18 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net Sales $ 5,441,219 $ 5,434,687 $ 5,457,741
Cost of sales 2,857,503 2,953,335 2,831,079
Gross Profit 2,583,716 2,481,352 2,626,662
Advertising and promotion expenses 524,786 534,255 545,674
Other selling and administrative expenses 1,497,271 1,271,582 1,351,426
Operating Income 561,659 675,515 729,562
Interest expense 123,786 132,818 253,937
Interest (income) (25,238) (9,398) (3,503)
Other non-operating (income) expense, net (2,293) 47,760 8,364
Income Before Income Taxes 465,404 504,335 470,764
Provision (benefit) for income taxes 269,475 135,851 (420,381)
(Income) from equity method investments (18,423) (25,429) (11,842)
Net Income $ 214,352 $ 393,913 $ 902,987
Net Income Per Common Share - Basic (USD per share) $ 0.61 $ 1.11 $ 2.58
Weighted-average number of common shares (in shares) 353,588 353,792 350,007
Net Income Per Common Share - Diluted (USD per share) $ 0.60 $ 1.10 $ 2.53
Weighted-average number of common and potential common shares (in shares) 357,112 359,612 357,253