Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Selected Quarterly Financial Information [Abstract]

Selected Quarterly Financial Data (Unaudited)

Note 12. Selected Quarterly Financial Data (Unaudited)

(Amounts in millions except per share information)



2018:	Net Sales		Gross Profit	Pre-tax Earnings	Net Earnings	⁽¹⁾	Basic Net Earnings per Share	^{(1), (2)}	Diluted Net Earnings per Share	^{(1), (2)}
First quarter	$	1,185.8	577.6	231.9	174.3		0.61		0.61
Second quarter	1,267.9		617.7	265.9	211.2		0.74		0.74
Third quarter	1,279.8		615.8	259.4	197.6		0.69		0.69
Fourth quarter	1,231.6		587.8	229.8	168.8		0.59		0.59
Total	$	4,965.1	2,398.9	987.0	751.9		2.62		2.62



2017:	Net Sales		Gross Profit	Pre-tax Earnings	Net Earnings		Basic Net Earnings per Share	⁽²⁾	Diluted Net Earnings per Share	⁽²⁾
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	⁽³⁾	0.53	⁽³⁾	0.53	⁽³⁾
Total	$	4,390.5	2,163.6	873.1	578.6	⁽³⁾	2.01	⁽³⁾	2.01	⁽³⁾

⁽¹⁾Absent the impact of the Tax Act, our net earnings for the first, second, third, and fourth quarters would have been $147.0, $168.7, $164.3, and $145.2, respectively, and $625.2 for the full year. Our basic and diluted net earnings per share would have each been $0.51, $0.59, $0.57, and $0.51, respectively, and $2.18 for the full year.

⁽²⁾Amounts may not foot due to rounding difference.

⁽³⁾ Absent the impact of the Tax Act, our net earnings for the fourth quarter of 2017 would have been approximately $128.1 and $554.2 for the full year. Our basic and diluted net earnings per share would have each been $0.45 for the fourth quarter and $1.92 for the full year.