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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2017
Selected Quarterly Financial Information [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Note 14. Selected Quarterly Financial Data (Unaudited)
(Amounts in millions except per share information)
2017:
Net Sales
 
Gross
Profit
 
Pre-tax
Earnings
 
Net
Earnings
 
Basic Net
Earnings per Share
(1) 
Diluted Net Earnings per Share
(1) 
First quarter
$
1,047.7

 
518.0

 
210.9

 
134.2

 
0.46

 
0.46

 
Second quarter
1,121.5

 
558.5

 
235.4

 
148.9

 
0.52

 
0.52

 
Third quarter
1,132.8

 
555.9

 
226.0

 
143.1

 
0.50

 
0.50

 
Fourth quarter
1,088.5

 
531.2

 
200.8

 
152.4

(2) 
0.53

(2) 
0.53

(2) 
Total
$
4,390.5

 
2,163.6

 
873.1

 
578.6

(3) 
2.01

(3) 
2.01

(3) 
2016:
Net Sales
 
Gross
Profit
 
Pre-tax
Earnings
 
Net
Earnings
 
Basic Net
Earnings per Share
(1) 
Diluted Net Earnings per Share
(1) 
First quarter
$
986.7

 
491.5

 
199.9

 
126.2

 
0.44

 
0.44

 
Second quarter
1,014.3

 
501.6

 
207.8

 
131.5

 
0.46

 
0.45

 
Third quarter
1,013.1

 
499.8

 
201.2

 
126.9

 
0.44

 
0.44

 
Fourth quarter
947.9

 
471.9

 
180.8

 
114.8

 
0.40

 
0.40

 
Total
$
3,962.0

 
1,964.8

 
789.7

 
499.4

 
1.73

 
1.73

 
(1) Amounts may not foot due to rounding difference.
(2) Absent the impact of the Tax Act, our net earnings for the fourth quarter of 2017 would have been approximately $128.1, and our basic and diluted net earnings per share would have each been $0.45.
(3) Absent the impact of the Tax Act, our net earnings for 2017 would have been approximately $554.2, and our basic and diluted net earnings per share would have each been $1.92.