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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Sales $ 23,825,261 $ 23,282,020 $ 22,768,674
Costs and expenses:      
Cost of sales 20,681,062 20,246,770 19,772,779
Selling, general, and administrative expenses 2,052,863 1,986,249 1,959,749
Depreciation and amortization 159,195 155,754 156,048
Restructuring, integration, and other charges 73,602 68,765 39,841
Trade name impairment charge 0 0 78,000
Total Costs and Expenses 22,966,722 22,457,538 22,006,417
Operating income 858,539 824,482 762,257
Equity in earnings of affiliated companies 7,573 7,037 7,318
Gain on sale of investment 0 2,008 29,743
Loss on prepayment of debt 0 2,943 0
Interest and other financing expense, net 150,715 135,401 115,985
Other expense, net 0 3,000 0
Income before income taxes 715,397 692,183 683,333
Provision for income taxes 190,674 191,697 184,943
Consolidated net income 524,723 500,486 498,390
Noncontrolling interests 1,973 2,760 345
Net income attributable to shareholders $ 522,750 $ 497,726 $ 498,045
Net income per share:      
Basic $ 5.75 $ 5.26 $ 5.05
Diluted [1] $ 5.68 $ 5.20 $ 4.98
Weighted-average shares outstanding:      
Basic 90,960 94,608 98,675
Diluted 92,033 95,686 99,947
[1] Stock-based compensation awards for the issuance of 766 shares, 658 shares, and 294 shares for the years ended December 31, 2016, 2015, and 2014, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.