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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net Sales $ 1,843,904 $ 1,918,788 $ 3,733,141 $ 3,820,531
Cost of sales 864,908 940,854 1,834,539 2,027,004
Gross Profit 978,996 977,934 1,898,602 1,793,527
Advertising and promotion expenses 104,956 124,265 250,117 290,337
Other selling and administrative expenses 385,699 379,811 1,112,455 1,081,594
Operating Income 488,341 473,858 536,030 421,596
Interest expense 29,371 30,716 89,415 92,486
Interest (income) (9,787) (4,569) (39,466) (15,409)
Other non-operating (income) expense, net (2,924) (2,391) 8,796 (5,976)
Income Before Income Taxes 471,681 450,102 477,285 350,495
Provision for income taxes 106,350 309,342 94,756 296,767
(Income) from equity method investments (7,045) (5,559) (18,426) (13,306)
Net Income $ 372,376 $ 146,319 $ 400,955 $ 67,034
Net Income Per Common Share - Basic (USD per share) $ 1.10 $ 0.41 $ 1.17 $ 0.19
Weighted-average number of common shares (in shares) 339,059 354,139 342,707 354,559
Net Income Per Common Share - Diluted (USD per share) $ 1.09 $ 0.41 $ 1.16 $ 0.19
Weighted-average number of common and potential common shares (in shares) 341,216 357,474 345,380 357,977