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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net Sales $ 841.8 [1] $ 804.8 [1] $ 2,432.1 [1] $ 2,371.7 [1]
Cost of sales 474.3 439.6 1,368.8 1,305.4
Gross Profit 367.5 365.2 1,063.3 1,066.3
Marketing expenses 96.6 99.7 297.8 282.3
Selling, general and administrative expenses 93.7 97.7 288.1 306.4
Income from Operations 177.2 167.8 477.4 477.6
Equity in earnings (losses) of affiliates 3.4 1.9 7.9 1.4
Investment earnings 0.6 0.6 1.7 2.0
Other income (expense), net (1.1) (0.1) (1.6) (1.4)
Interest expense (6.9) (7.0) (20.5) (21.0)
Income before Income Taxes 173.2 [2] 163.2 [2] 464.9 [2] 458.6 [2]
Income taxes 57.3 55.3 157.6 156.4
Net Income $ 115.9 $ 107.9 $ 307.3 $ 302.2
Weighted average shares outstanding - Basic 133.7 138.8 135.5 138.5
Weighted average shares outstanding - Diluted 136.0 141.3 137.9 141.1
Net income per share - Basic $ 0.87 $ 0.78 $ 2.27 $ 2.18
Net income per share - Diluted $ 0.85 $ 0.76 $ 2.23 $ 2.14
Cash dividends per share $ 0.31 $ 0.28 $ 0.93 $ 0.84
[1] Intersegment sales from Consumer International to Consumer Domestic were $0.3 and $0.7 for the quarters ended September 30, 2014 and September 30, 2013, respectively, and were $0.8 and $1.9 for the nine months ended September 30, 2014 and September 30, 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.