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Condensed Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net Sales $ 782.0 [1] $ 779.3 [1]
Cost of sales 442.6 429.2
Gross Profit 339.4 350.1
Marketing expenses 87.8 78.9
Selling, general and administrative expenses 89.6 101.9
Income from Operations 162.0 169.3
Equity in earnings of affiliates 1.6 0.6
Investment earnings 0.5 0.7
Other income (expense), net (0.7) (0.4)
Interest expense (6.7) (7.0)
Income before Income Taxes 156.7 [2] 163.2 [2]
Income taxes 54.1 55.5
Net Income $ 102.6 $ 107.7
Weighted average shares outstanding - Basic 138.0 138.3
Weighted average shares outstanding - Diluted 140.6 140.9
Net income per share - Basic $ 0.74 $ 0.78
Net income per share - Diluted $ 0.73 $ 0.76
Cash dividends per share $ 0.31 $ 0.28
[1] Intersegment sales from Consumer International to Consumer Domestic were $0.2 and $0.9 for the three months ended March 31, 2014 and March 31, 2013, respectively.
[2] In determining Income before Income Taxes, interest expense, investment earnings and other income (expense) were allocated among segments based upon each segment's relative operating profit.