Overview Financials News + Filings Key Docs Charts Ownership Insiders
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In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Net sales | 23,748.7 | 20,820.8 | 18,467.5 | 18,032.4 | 16,240.5 | 14,832.9 | 13,672.7 | 12,988.7 |
Net sales growth | 14.1% | 12.7% | 2.4% | 11.0% | 9.5% | 8.5% | 5.3% | 7.6% |
Cost of sales | 19,062.1 | 17,252.3 | 15,257.4 | 14,992.5 | 13,533.6 | 12,382.7 | 11,344.4 | 10,872.9 |
Gross profit | 4,686.6 | 3,568.5 | 3,210.1 | 3,039.9 | 2,706.9 | 2,450.2 | 2,328.3 | 2,115.8 |
Gross margin | 19.7% | 17.1% | 17.4% | 16.9% | 16.7% | 16.5% | 17.0% | 16.3% |
Selling and administrative expenses | 2,951.4 | 2,149.5 | 2,030.9 | 1,906.3 | 1,719.6 | 1,583.7 | 1,508.3 | 1,373.8 |
Operating income | 1,735.2 | 1,419.0 | 1,179.2 | 1,133.6 | 987.3 | 866.5 | 820.0 | 742.0 |
Operating margin | 7.3% | 6.8% | 6.4% | 6.3% | 6.1% | 5.8% | 6.0% | 5.7% |
Interest expense, net | -235.7 | -150.9 | -154.9 | -159.4 | -148.6 | -150.5 | -146.5 | -159.5 |
Other expense, net | -11.7 | 29.7 | -22.0 | -24.5 | 1.8 | -55.3 | 1.8 | -9.3 |
Income before income taxes | 1,487.8 | 1,297.8 | 1,002.3 | 949.7 | 840.5 | 660.7 | 673.2 | 647.0 |
Income tax expense | -373.3 | -309.2 | -213.8 | -212.9 | -197.5 | -137.6 | -248.1 | -243.9 |
Net income | 1,114.5 | 988.6 | 788.5 | 736.8 | 643.0 | 523.1 | 425.1 | 403.1 |
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Net income per common share: | | | | | | | | |
Basic (in dollars per share) | $8.24 | $7.14 | $5.53 | $5.08 | $4.26 | $3.37 | $2.60 | $2.37 |
Diluted (in dollars per share) | $8.13 | $7.04 | $5.45 | $4.99 | $4.19 | $3.31 | $2.56 | $2.35 |
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Weighted-average common shares outstanding: | | | | | | | | |
Basic (in shares) | 135.2 | 138.5 | 142.6 | 145.1 | 150.9 | 155.4 | 163.6 | 170.3 |
Diluted (in shares) | 137.0 | 140.5 | 144.8 | 147.8 | 153.6 | 158.2 | 166.0 | 171.8 |
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