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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net Sales [1] $ 847.1 $ 808.3 $ 1,659.4 $ 1,590.3
Cost of sales 474.0 451.9 930.8 894.5
Gross Profit 373.1 356.4 728.6 695.8
Marketing expenses 115.8 113.4 204.6 201.2
Selling, general and administrative expenses 115.0 104.8 209.6 194.4
Income from Operations 142.3 138.2 314.4 300.2
Equity in earnings (losses) of affiliates (13.8) 2.9 (11.5) 4.5
Investment earnings 0.5 0.6 1.0 1.1
Other income (expense), net (1.6) 0.2 (3.6) (0.5)
Interest expense (7.9) (6.9) (15.5) (13.6)
Income before Income Taxes [2] 119.5 135.0 284.8 291.7
Income taxes 45.8 46.2 103.9 100.3
Net Income $ 73.7 $ 88.8 $ 180.9 $ 191.4
Weighted average shares outstanding - Basic 130.9 134.8 131.4 136.4
Weighted average shares outstanding - Diluted 133.4 137.3 134.0 138.9
Net income per share - Basic $ 0.56 $ 0.66 $ 1.38 $ 1.40
Net income per share - Diluted 0.55 0.65 1.35 1.38
Cash dividends per share $ 0.335 $ 0.31 $ 0.67 $ 0.62
[1] Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $1.7 and $0.3 for the quarters ended June 30, 2015 and June 30, 2014, respectively, and were $3.0 and $0.5 for the six months ended June 30, 2015 and June 30, 2014, respectively.
[2] In determining Income before Income Taxes, interest expense and investment earnings were allocated among segments based upon each segment’s relative operating profit.