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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Sales $ 26,812,508 $ 23,825,261 $ 23,282,020
Cost of sales 23,455,169 20,681,062 20,246,770
Gross Profit 3,357,339 3,144,199 3,035,250
Operating expenses:      
Selling, general, and administrative expenses 2,162,996 2,052,863 1,986,249
Depreciation and amortization 153,599 159,195 155,754
Impairment of assets held for sale 21,000 0 0
Restructuring, integration, and other charges 91,294 73,602 68,765
Total Operating Expenses 2,428,889 2,285,660 2,210,768
Operating income 928,450 858,539 824,482
Equity in earnings of affiliated companies 3,424 7,573 7,037
Loss on investment, net 14,231 0 992
Loss on extinguishment of debt 59,545 0 2,943
Interest and other financing expense, net 163,810 150,715 135,401
Income before income taxes 694,288 715,397 692,183
Provision for income taxes 287,126 190,674 191,697
Consolidated net income 407,162 524,723 500,486
Noncontrolling interests 5,200 1,973 2,760
Net income attributable to shareholders $ 401,962 $ 522,750 $ 497,726
Net income per share:      
Basic $ 4.53 $ 5.75 $ 5.26
Diluted [1] $ 4.48 $ 5.68 $ 5.20
Weighted-average shares outstanding:      
Basic 88,681 90,960 94,608
Diluted 89,766 92,033 95,686
[1] Stock-based compensation awards for the issuance of 380 shares, 766 shares, and 658 shares for the years ended December 31, 2017, 2016, and 2015, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.