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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net Sales [1] $ 861.8 $ 841.8 $ 2,521.2 $ 2,432.1
Cost of sales 476.0 474.3 1,406.8 1,368.8
Gross Profit 385.8 367.5 1,114.4 1,063.3
Marketing expenses 92.8 96.6 297.4 297.8
Selling, general and administrative expenses 102.4 93.7 312.0 288.1
Income from Operations 190.6 177.2 505.0 477.4
Equity in earnings (losses) of affiliates 3.1 3.4 (8.4) 7.9
Investment earnings 0.2 0.6 1.2 1.7
Other income (expense), net (0.8) (1.1) (4.4) (1.6)
Interest expense (7.4) (6.9) (22.9) (20.5)
Income before Income Taxes [2] 185.7 173.2 470.5 464.9
Income taxes 65.3 57.3 169.2 157.6
Net Income $ 120.4 $ 115.9 $ 301.3 $ 307.3
Weighted average shares outstanding - Basic 131.1 133.7 131.3 135.5
Weighted average shares outstanding - Diluted 133.6 136.0 133.8 137.9
Net income per share - Basic $ 0.92 $ 0.87 $ 2.29 $ 2.27
Net income per share - Diluted 0.90 0.85 2.25 2.23
Cash dividends per share $ 0.335 $ 0.31 $ 1.01 $ 0.93
[1] Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $0.9 and $0.3 for the three months ended September 30, 2015 and September 30, 2014, respectively, and were $3.9 and $0.8 for the nine months ended September 30, 2015 and September 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 Income from Operations.