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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Net Sales [1] $ 1,044.7 $ 1,006.0
Cost of sales 573.9 554.5
Gross Profit 470.8 451.5
Marketing expenses 98.1 99.9
Selling, general and administrative expenses 131.9 131.3
Income from Operations 240.8 220.3
Equity in earnings of affiliates 1.7 2.1
Investment earnings 0.5 0.5
Other income (expense), net (0.1) (2.1)
Interest expense (17.8) (20.1)
Income before Income Taxes [2] 225.1 200.7
Income taxes 49.4 42.9
Net Income $ 175.7 $ 157.8
Weighted average shares outstanding - Basic 246.1 244.9
Weighted average shares outstanding - Diluted 251.9 250.0
Net income per share - Basic $ 0.71 $ 0.64
Net income per share - Diluted 0.70 0.63
Cash dividends per share $ 0.23 $ 0.22
[1] Intersegment sales from Consumer International to Consumer Domestic, which are not reflected in the table, were $2.3 and $0.9 for the three months ended March 31, 2019 and March 31, 2018, respectively
[2] In determining Income before Income Taxes, interest expense, investment earnings and certain aspects of other income and expense were allocated among segments based upon each segment’s relative Income from Operations.