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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
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Sep. 27, 2014
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Sep. 28, 2013
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Sep. 27, 2014
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Sep. 28, 2013
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| Net sales | $ 3,486,998 | $ 3,266,681 | $ 8,610,521 | $ 8,043,638 |
| Royalty income | 33,449 | 30,588 | 92,780 | 85,911 |
| Total revenues | 3,520,447 | 3,297,269 | 8,703,301 | 8,129,549 |
| Costs and operating expenses | ||||
| Cost of goods sold | 1,818,655 | 1,728,144 | 4,464,565 | 4,226,779 |
| Selling, general and administrative expenses | 1,068,710 | 989,422 | 2,982,656 | 2,764,005 |
| Costs and Expenses, Total | 2,887,365 | 2,717,566 | 7,447,221 | 6,990,784 |
| Operating income | 633,082 | 579,703 | 1,256,080 | 1,138,765 |
| Interest income | 1,852 | 1,259 | 4,702 | 2,564 |
| Interest expense | (22,555) | (21,246) | (64,530) | (63,788) |
| Other income (expense), net | (1,609) | (1,250) | (4,209) | (1,723) |
| Income before income taxes | 610,770 | 558,466 | 1,192,043 | 1,075,818 |
| Income taxes | 140,241 | 124,705 | 266,639 | 233,366 |
| Net income | $ 470,529 | $ 433,761 | $ 925,404 | $ 842,452 |
| Earnings per common share | ||||
| Basic | $ 1.09 | $ 0.99 | $ 2.14 | $ 1.92 |
| Diluted | $ 1.08 | $ 0.97 | $ 2.10 | $ 1.89 |
| Cash dividends per common share | $ 0.2625 | $ 0.2175 | $ 0.7875 | $ 0.6525 |
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- Definition
Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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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/presentationRef
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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/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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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/presentationRef
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- Definition
Revenue earned during the period from the leasing or otherwise lending to a third party the entity's rights or title to certain property. Royalty revenue is derived from a percentage or stated amount of sales proceeds or revenue generated by the third party using the entity's property. Examples of property from which royalties may be derived include patents and oil and mineral rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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