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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 3,823,227 $ 4,457,931 $ 7,915,753 $ 8,717,060
Cost of goods sold 2,532,740 2,975,227 5,237,088 5,841,558
Gross profit 1,290,487 1,482,704 2,678,665 2,875,502
Operating expenses:        
Selling, administrative and other expenses 971,589 1,127,296 2,114,286 2,238,715
Depreciation and amortization 66,733 62,684 133,987 121,301
Provision for doubtful accounts 11,300 5,513 17,819 9,238
Restructuring costs 25,059 0 28,041 0
Goodwill impairment charge 506,721 0 506,721 0
Total operating expenses 1,581,402 1,195,493 2,800,854 2,369,254
Non-operating (income) expenses:        
Interest expense 25,465 23,262 46,430 47,116
Other (11,944) (18,250) (24,776) (15,082)
Total non-operating (income) expenses 13,521 5,012 21,654 32,034
(Loss) income before income taxes (304,436) 282,199 (143,843) 474,214
Income taxes 59,065 72,680 97,312 119,011
Net (loss) income from continuing operations (363,501) 209,519 (241,155) 355,203
Net (loss) income from discontinued operations (200,871) 14,911 (186,682) 29,477
Net (loss) income $ (564,372) $ 224,430 $ (427,837) $ 384,680
Dividends declared per common share (usd per share) $ 0.7900 $ 0.7625 $ 1.5800 $ 1.5250
Basic (loss) earnings per share from continuing operations (in dollars per share) (2.52) 1.43 (1.67) 2.43
Diluted (loss) earnings per share from continuing operations (in dollars per share) $ (2.52) $ 1.43 $ (1.67) $ 2.42
Weighted average common shares outstanding (in shares) 144,262 146,075 144,657 146,029
Dilutive effect of stock options and non-vested restricted stock awards (in shares) 0 661 0 684
Weighted average common shares outstanding - assuming dilution (in shares) 144,262 146,736 144,657 146,713