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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Net sales $ 17,522,234 $ 16,831,605 $ 14,396,442
Cost of goods sold 11,662,551 11,311,850 9,964,967
Gross margin 5,859,683 5,519,755 4,431,475
Operating expenses:      
Selling, administrative, and other expenses 4,577,610 4,241,203 3,358,019
Depreciation and amortization 257,263 227,584 152,808
Provision for doubtful accounts 13,876 15,929 10,387
Restructuring costs 100,023 0 0
Goodwill impairment charge 0 0 0
Total operating expenses 4,948,772 4,484,716 3,521,214
Non-operating expenses (income):      
Interest expense 95,583 101,796 41,327
Other (86,712) (61,395) (61,713)
Special termination costs 42,757 0 0
Total non-operating expenses (income) 51,628 40,401 (20,386)
Income before income taxes 859,283 994,638 930,647
Income taxes 212,808 245,104 366,864
Net income from continuing operations 646,475 749,534 563,783
Net (loss) income from discontinued operations (25,390) 60,940 52,974
Net income $ 621,085 $ 810,474 $ 616,757
Basic earnings per share:      
Continuing operations (in dollars per share) $ 4.44 $ 5.11 $ 3.83
Discontinued operations (in dollars per share) (0.18) 0.42 0.36
Basic earnings per share (in dollars per share) 4.26 5.53 4.19
Diluted earnings per share:      
Continuing operations (in dollars per share) 4.42 5.09 3.82
Discontinued operations (in dollars per share) (0.18) 0.41 0.36
Diluted earnings per share (in dollars per share) $ 4.24 $ 5.50 $ 4.18
Weighted average common shares outstanding (in shares) 145,736 146,657 147,140
Dilutive effect of stock options and nonvested restricted stock awards (in shares) 681 584 561
Weighted average common shares outstanding — assuming dilution (in shares) 146,417 147,241 147,701
Other comprehensive income (loss), net of tax:      
Foreign currency translation adjustment $ 38,246 $ (233,235) $ 137,694
Net gain (loss) on cash flow and net investment hedges, net of income taxes of 2019 — $16,600; 2018 — $10,398; 2017 — $9,711 13,617 28,114 (17,388)
Pension and postretirement benefit adjustments, net of income taxes of 2019 — $5,036; 2018 — $21,297; 2017 — $20,539 44,433 (57,365) 40,123
Other comprehensive income (loss), net of tax 96,296 (262,486) 160,429
Comprehensive income $ 717,381 $ 547,988 $ 777,186