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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net Sales $ 5,375.6 $ 5,190.1 $ 4,895.8
Cost of sales 3,125.6 2,926.6 2,681.6
Gross Profit 2,250.0 2,263.5 2,214.2
Marketing expenses 535.2 577.7 591.2
Selling, general and administrative expenses 1,117.0 606.7 593.3
Income from Operations 597.8 1,079.1 1,029.7
Equity in earnings of affiliates 12.3 9.4 6.7
Investment earnings 3.8 0.0 0.5
Other income (expense), net (1.0) (2.3) (2.1)
Interest expense (89.6) (54.5) (61.0)
Income before Income Taxes 523.3 1,031.7 973.8
Income taxes 109.4 204.2 187.9
Net Income $ 413.9 $ 827.5 $ 785.9
Weighted average shares outstanding - Basic 242,900,000 244,900,000 246,800,000
Weighted average shares outstanding - Diluted 246,300,000 249,600,000 252,200,000
Net income per share - Basic $ 1.70 $ 3.38 $ 3.18
Net income per share - Diluted 1.68 3.32 3.12
Cash dividends per share $ 1.05 $ 1.01 $ 0.96