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CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED INCOME STATEMENTS      
Net sales $ 12,523,934 $ 14,868,860 $ 11,762,526
Cost of sales (8,135,489) (8,668,915) (7,087,739)
Gross profit 4,388,445 6,199,945 4,674,787
Selling, general and administrative expenses (1,904,828) (1,919,307) (1,634,575)
Impairment charge (76,725)
Other operating income 60,650 53,043 104,497
Other operating expenses (125,418) (17,273) (104,709)
Operating income 2,418,849 4,316,408 2,963,275
Finance income 242,319 213,474 80,020
Finance cost (61,212) (106,862) (45,940)
Other financial results (52,051) 114,365 (40,120)
Income before equity in earnings of non-consolidated companies and income tax 2,547,905 4,537,385 2,957,235
Equity in earnings of non-consolidated companies 8,548 95,404 208,702
Income before income tax 2,556,453 4,632,789 3,165,937
Income tax (479,680) (674,956) (617,236)
Income for the year 2,076,773 3,957,833 2,548,701
Attributable to:      
Shareholders' equity 2,036,445 3,918,065 2,553,280
Non-controlling interests 40,328 39,768 (4,579)
Income for the year $ 2,076,773 $ 3,957,833 $ 2,548,701
Earnings per share attributable to shareholders' equity during the year:      
Weighted average number of outstanding ordinary shares (thousands) (in shares) [1] 1,127,491 1,178,876 1,180,537
Basic earnings per share (U.S. dollars per share) $ 1.81 $ 3.32 $ 2.16
Diluted earnings per share (U.S. dollars per share) 1.81 3.32 2.16
American Depositary Shares (“ADSs”)      
Earnings per share attributable to shareholders' equity during the year:      
Basic earnings per share (U.S. dollars per share) [2] 3.61 6.65 4.33
Diluted earnings per share (U.S. dollars per share) [2] $ 3.61 $ 6.65 $ 4.33
[1] Number of outstanding shares as of December 31, 2024 and 2023 were 1,084,272,191 and 1,167,888,739, respectively.
[2] Each ADS equals two shares