Condensed Consolidated Statements of Earnings (unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Income Statement [Abstract] | ||||||
| Net revenues | $ 1,563.4 | $ 1,350.3 | $ 4,564.3 | $ 3,940.9 | ||
| Cost of sales | 467.1 | 408.5 | 1,382.3 | 1,190.4 | ||
| Gross profit | 1,096.3 | 941.8 | 3,182.0 | 2,750.5 | | |
| Selling, general and administrative expenses | 650.2 | 548.6 | 1,899.6 | 1,638.5 | | |
| Total Operating Expenses | 650.2 | 548.6 | 1899.6 | 1638.5 | 0 | |
| Income from operations | 446.1 | 393.2 | 1,282.4 | 1,112.0 | | |
| Interest expense, net | 42.4 | 41.3 | 114.6 | 138.6 | ||
| Equity investment activity, net | 33.9 | 0.0 | 98.7 | 0.0 | ||
| Other income (expense), net | 5.0 | 3.6 | (0.1) | 0.2 | | |
| Earnings before income taxes | 442.6 | 355.5 | 1,266.4 | 973.6 | | |
| Income taxes | 97.0 | 78.6 | 275.5 | 235.3 | | |
| Net earnings from continuing operations | 345.6 | 276.9 | 990.9 | 738.3 | ||
| Earnings (loss) from discontinued operations, net of tax | (2.9) | 49.0 | (4.1) | 170.3 | | |
| Gain on disposition of discontinued operations, net of tax | 4.5 | 1.1 | 8.4 | 1,707.7 | ||
| Net earnings from discontinued operations | 1.6 | 50.1 | 4.3 | 1,878.0 | ||
| Net earnings | $ 347.2 | $ 327.0 | $ 995.2 | $ 2,616.3 | | |
| Net earnings per share from continuing operations: | ||||||
| Basic (in dollars per share) | $ 3.23 | $ 2.61 | $ 9.30 | $ 6.97 | ||
| Diluted (in dollars per share) | 3.21 | 2.59 | 9.23 | 6.91 | ||
| Net earnings per share from discontinued operations: | ||||||
| Basic (in dollars per share) | 0.02 | 0.47 | 0.04 | 17.74 | ||
| Diluted (in dollars per share) | 0.02 | 0.47 | 0.04 | 17.59 | ||
| Net earnings per share: | ||||||
| Basic (in dollars per share) | 3.25 | 3.08 | 9.34 | 24.71 | ||
| Diluted (in dollars per share) | $ 3.23 | $ 3.06 | $ 9.27 | $ 24.50 | ||
| Weighted average common shares outstanding: | ||||||
| Basic (in shares) | 106.7 | 106.0 | 106.5 | 105.9 | ||
| Diluted (in shares) | 107.6 | 106.8 | 107.3 | 106.8 | ||
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- Definition Net Earnings Per Share From Continuing Operations No definition available.
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- Definition Net Earnings Per Share From Discontinued Operations No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of gain (loss) not previously recognized resulting from the disposal of a discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from operations classified as a discontinued operation. Excludes gain (loss) on disposal and provision for gain (loss) until disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation. No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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