XML 99 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net Sales $ 4,357.7 $ 4,145.9 $ 3,776.2
Cost of sales 2,373.7 2,305.1 2,046.6
Gross Profit 1,984.0 1,840.8 1,729.6
Marketing expenses 515.0 483.2 454.2
Selling, general and administrative expenses 628.8 565.9 542.7
Income from Operations 840.2 791.7 732.7
Equity in earnings of affiliates 6.6 9.2 10.8
Investment earnings 1.6 1.9 2.1
Other income (expense), net (1.1) (3.9) (0.3)
Interest expense (73.6) (79.4) (52.6)
Income before Income Taxes 773.7 719.5 692.7
Income taxes 157.8 150.9 (50.7)
Net Income $ 615.9 $ 568.6 $ 743.4
Weighted average shares outstanding - Basic 246.2 245.5 250.6
Weighted average shares outstanding - Diluted 252.1 250.7 256.1
Net income per share - Basic $ 2.50 $ 2.32 $ 2.97
Net income per share - Diluted 2.44 2.27 2.90
Cash dividends per share $ 0.91 $ 0.87 $ 0.76