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Statements of Consolidated Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 4,507,020 $ 3,279,462 $ 11,004,224 $ 9,073,011
Cost of goods sold 2,604,878 1,643,037 6,021,752 4,538,840
Gross profit $ 1,902,142 $ 1,636,425 $ 4,982,472 $ 4,534,171
Percent to net sales 42.20% 49.90% 45.30% 50.00%
Selling, general and administrative expenses $ 1,306,121 $ 1,050,081 $ 3,461,788 $ 3,095,250
Percent to net sales 29.00% 32.00% 31.50% 34.10%
Other general expense - net $ 4,109 $ 813 $ 6,160 $ 21,100
Amortization 83,711 8,183 118,799 19,549
Interest expense 91,593 44,100 174,017 110,710
Interest and net investment income (2,448) (1,647) (6,819) (3,086)
Other income - net (8,666) (725) (14,803) (551)
Income from continuing operations before income taxes 427,722 535,620 1,243,330 1,291,199
Income taxes 111,116 148,887 326,921 361,526
Net income from continuing operations 316,606 386,733 916,409 929,673
Loss from discontinued operations (see Note 3)    
Income taxes   41,540  
Net loss from discontinued operations 0 0 (41,540) 0
Net income $ 316,606 $ 386,733 $ 874,869 $ 929,673
Basic net income per common share        
Continuing operations (in dollars per share) $ 3.40 $ 4.20 $ 9.88 $ 10.13
Discontinued operations (in dollars per share) 0.00 0.00 (0.45) 0.00
Net income per common share (in dollars per share) 3.40 4.20 9.43 10.13
Diluted net income per common share        
Continuing operations (in dollars per share) 3.33 4.08 9.67 9.85
Discontinued operations (in dollars per share) 0.00 0.00 (0.44) 0.00
Net income per common share (in dollars per share) $ 3.33 $ 4.08 $ 9.23 $ 9.85
Average shares outstanding - basic (in shares) 92,988,118 91,992,854 92,793,275 91,752,482
Average shares and equivalents outstanding - diluted (in shares) 95,207,884 94,771,807 94,817,669 94,421,190
Comprehensive income $ 383,541 $ 390,601 $ 962,919 $ 858,547