Acquisitions (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Schedule of Allocation of Acquisition Fair Value

(Millions of dollars)
Cash	$	129.1
Accounts receivable	817.5
Inventories	688.9
Indefinite-lived trademarks	1,284.7
Finite-lived intangible assets	5,034.7
Goodwill	5,753.4
Property, plant and equipment	813.5
All other assets	254.8
Accounts payable	(553.2		)
Long-term debt	(1,603.5		)
Deferred taxes	(2,599.8		)
All other liabilities	(1,080.7		)
Total	$	8,939.4
Total, net of cash	$	8,810.3

Schedule of Pro Forma Consolidated Financial Information

The unaudited pro forma consolidated financial information does not necessarily reflect the actual results that would have occurred had the acquisition taken place on January 1, 2016, nor is it meant to be indicative of future results of operations of the combined companies under the ownership and operation of the Company.

(Thousands of dollars except per share data)	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Net sales	$	4,507,020	$	4,309,284	$	12,655,349	$	12,103,829
Net income from continuing operations	395,497		378,217		969,554		823,344
Net income per common share from continuing operations:
Basic	$	4.25	$	4.11	$	10.45	$	8.97
Diluted	$	4.15	$	3.99	$	10.23	$	8.72