CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||
| Sales | $ 33,107,120 | $ 37,124,422 | $ 34,477,018 | |||
| Cost of sales | 28,958,102 | 32,287,797 | 30,274,653 | |||
| Gross profit | 4,149,018 | 4,836,625 | 4,202,365 | | ||
| Operating expenses: | ||||||
| Selling, general, and administrative expenses | 2,412,822 | 2,567,008 | 2,435,030 | |||
| Depreciation and amortization | 181,116 | 187,382 | 195,120 | |||
| Restructuring, integration, and other charges | 83,916 | 13,741 | 15,393 | |||
| Total operating expenses | 2,677,854 | 2,768,131 | 2,645,543 | | ||
| Operating income | 1,471,164 | 2,068,494 | 1,556,822 | | ||
| Equity in earnings of affiliated companies | 6,407 | 7,664 | 3,508 | | ||
| Gain (loss) on investments, net | 19,284 | (2,857) | 12,951 | | ||
| Employee benefit plan expense, net | (3,777) | (3,503) | (5,180) | | ||
| Interest and other financing expense, net | (328,724) | (185,648) | (131,727) | | ||
| Total Other Income Expenses | -306810.0 | -184344.0 | -120448.0 | 0 | 0 | |
| Income before income taxes | 1,164,354 | 1,884,150 | 1,436,374 | | | |
| Provision for income taxes | 254,991 | 448,992 | 325,906 | | ||
| Consolidated net income | 909,363 | 1,435,158 | 1,110,468 | | ||
| Noncontrolling interests | 5,858 | 8,274 | 2,271 | |||
| Net income attributable to shareholders | $ 903,505 | $ 1,426,884 | $ 1,108,197 | |||
| Net income per share: | ||||||
| Basic (in dollars per share) | $ 16.03 | $ 22.01 | $ 15.29 | |||
| Diluted (in dollars per share) | $ 15.84 | $ 21.80 | $ 15.10 | |||
| Weighted-average shares outstanding: | ||||||
| Basic (in shares) | 56,359 | 64,838 | 72,472 | |||
| Diluted (in shares) | 57,035 | 65,453 | 73,385 | |||
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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 Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 Amount of realized and unrealized gain (loss) on investment. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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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 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 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 The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (reversal of expense) for net periodic benefit cost components, excluding service cost component, of defined benefit plan. Amount includes, but is not limited to, interest cost, expected (return) loss on plan asset, amortization of prior service cost (credit), amortization of (gain) loss, amortization of transition (asset) obligation, settlement (gain) loss, curtailment (gain) loss and certain termination benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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 The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Discloses the amount charged against the accrued restructuring reserves, or earnings if not previously accrued, during the period for the specified type of restructuring cost. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). 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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