10-Q Filing

GENUINE PARTS CO CIK: 40987 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000040987-23-000057`
Period End Date	20230630
Filing Date	20230720
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	gpc-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 64 Cash Flow Statement 52 Stockholders Equity 48 Comprehensive Income 32

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$60.48M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$53.87M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.44B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.51B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$653.46M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$519.13M	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$714.70M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$530.11M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts (2023 $60,480; 2022 $53,872)	`AccountsNotesAndLoansReceivableNetCurrent`	$2.19B	USD	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts (2023 $60,480; 2022 $53,872)	`AccountsNotesAndLoansReceivableNetCurrent`	$2.55B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$4.44B	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$4.51B	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.49B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.53B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.82B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.08B	USD	Point-in-time
Goodwill	`Goodwill`	$2.63B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	140.94M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	140.47M	shares	Point-in-time
Goodwill	`Goodwill`	$2.59B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	140.47M	shares	Point-in-time
Other intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.78B	USD	Point-in-time
Other intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.81B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation (2023 $1,509,715; 2022 $1,435,677)	`PropertyPlantAndEquipmentNet`	$1.33B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation (2023 $1,509,715; 2022 $1,435,677)	`PropertyPlantAndEquipmentNet`	$1.44B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.14B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.10B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$868.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$847.33M	USD	Point-in-time
Total assets	`Assets`	$16.94B	USD	Point-in-time
Total assets	`Assets`	$16.50B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.57B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.46B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$417.63M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$252.03M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$126.19M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$133.49M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.85B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.78B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.69B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.90B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.99B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.08B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$862.55M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$836.02M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$197.88M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$197.78M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$397.80M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$391.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$511.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$502.97M	USD	Point-in-time
Preferred stock, par value $1 per share; authorized 10,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $1 per share; authorized 10,000,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $1 per share; authorized 450,000,000 shares; issued and outstanding 2023 140,467,550 shares; 2022 140,941,649 shares	`CommonStockValue`	$140.47M	USD	Point-in-time
Common stock, par value $1 per share; authorized 450,000,000 shares; issued and outstanding 2023 140,467,550 shares; 2022 140,941,649 shares	`CommonStockValue`	$140.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$140.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$153.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.01B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.79B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.54B	USD	Point-in-time
Total parent equity	`StockholdersEquity`	$4.07B	USD	Point-in-time
Total parent equity	`StockholdersEquity`	$3.79B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$14.58M	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$14.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.65B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.94B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.94B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.50B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.92B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.60B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$11.68B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.90B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.64B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.78B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$7.11B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$7.53B	USD	2 Qtrs
Gross profit	`GrossProfit`	$2.13B	USD	1 Quarter
Gross profit	`GrossProfit`	$4.15B	USD	2 Qtrs
Gross profit	`GrossProfit`	$3.79B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.96B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$1.36B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$2.77B	USD	2 Qtrs
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$1.58B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$3.09B	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$90.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$85.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$173.26M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$178.09M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$7.39M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.90M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.32M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$13.96M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.95B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.68B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.45B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.28B	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$16.45M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$33.32M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$20.25M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$40.10M	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$16.65M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$3.82M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$28.62M	USD	2 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$19.28M	USD	2 Qtrs
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-4.70M	USD	2 Qtrs
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$194.00K	USD	1 Quarter
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-16.43M	USD	1 Quarter
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-20.82M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$817.28M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$858.50M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$491.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$454.09M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$210.04M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$119.04M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$109.59M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$198.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$372.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$344.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$618.37M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$648.45M	USD	2 Qtrs
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$1.79	USD	2 Qtrs
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.95	USD	1 Quarter
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$1.90	USD	2 Qtrs
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	1 Quarter
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$2.63	USD	1 Quarter
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$4.36	USD	2 Qtrs
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$2.45	USD	1 Quarter
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$4.61	USD	2 Qtrs
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$2.44	USD	1 Quarter
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$4.34	USD	2 Qtrs
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$4.58	USD	2 Qtrs
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$2.62	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$372.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$344.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$618.37M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$648.45M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$173.26M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$178.09M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$17.88M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$36.95M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions`	$3.14M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions`	$6.43M	USD	2 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	2 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$102.80M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-87.42M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$400.05M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$790.99M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$457.00M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$205.34M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$152.98M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.76M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$140.84M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$80.48M	USD	2 Qtrs
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$1.53B	USD	2 Qtrs
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$106.03M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-226.12M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.54B	USD	2 Qtrs
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$3.85B	USD	2 Qtrs
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$1.67B	USD	2 Qtrs
Payments on debt	`RepaymentsOfDebt`	$1.60B	USD	2 Qtrs
Payments on debt	`RepaymentsOfDebt`	$2.87B	USD	2 Qtrs
Shares issued from employee incentive plans	`PaymentsForSharesIssuedFromEmployeeIncentivePlans`	$14.42M	USD	2 Qtrs
Shares issued from employee incentive plans	`PaymentsForSharesIssuedFromEmployeeIncentivePlans`	$23.16M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$259.93M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$242.77M	USD	2 Qtrs
Purchases of stock	`PaymentsForRepurchaseOfCommonStock`	$134.85M	USD	2 Qtrs
Purchases of stock	`PaymentsForRepurchaseOfCommonStock`	$122.92M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.44M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-13.90M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$584.51M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-357.75M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.51M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-27.61M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-195.57M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-123.36M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$653.46M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$519.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$714.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$530.11M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$653.46M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$519.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$714.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$530.11M	USD	Point-in-time

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$1.79	USD	2 Qtrs
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.95	USD	1 Quarter
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$1.90	USD	2 Qtrs
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	1 Quarter
Beginning balance (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	140.47M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.65B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.94B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time
Net income	`NetIncomeLoss`	$372.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$344.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$618.37M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$648.45M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.06M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-148.35M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$20.68M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-95.49M	USD	2 Qtrs
Cash dividend declared	`DividendsCommonStockCash`	$133.49M	USD	1 Quarter
Cash dividend declared	`DividendsCommonStockCash`	$267.23M	USD	2 Qtrs
Cash dividend declared	`DividendsCommonStockCash`	$126.72M	USD	1 Quarter
Cash dividend declared	`DividendsCommonStockCash`	$253.61M	USD	2 Qtrs
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-21.89M	USD	1 Quarter
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-13.36M	USD	1 Quarter
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-14.42M	USD	2 Qtrs
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-23.16M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$36.95M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$17.88M	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.71M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$28.30M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$67.35M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$50.00M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$122.92M	USD	2 Qtrs
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$134.85M	USD	2 Qtrs
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$871.00K	USD	1 Quarter
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$1.15M	USD	1 Quarter
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$499.00K	USD	2 Qtrs
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$459.00K	USD	2 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	140.47M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.61B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.65B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.94B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net investment hedge, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$2.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$372.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$344.49M	USD	1 Quarter
Net investment hedge, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$-951.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$618.37M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$648.45M	USD	2 Qtrs
Net investment hedge, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$1.38M	USD	1 Quarter
Net investment hedge, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$-951.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$14.29M	USD	2 Qtrs
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-2.58M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-9.54M	USD	1 Quarter
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$1.41M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-116.95M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-159.08M	USD	1 Quarter
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$702.00K	USD	1 Quarter
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-5.16M	USD	2 Qtrs
Cash flow hedge adjustments, net of income taxes in 2023 $951 and $951; 2022 $1,383 and $2,767, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	$2.57M	USD	2 Qtrs
Cash flow hedge adjustments, net of income taxes in 2023 $951 and $951; 2022 $1,383 and $2,767, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	$2.57M	USD	1 Quarter
Cash flow hedge adjustments, net of income taxes in 2023 $951 and $951; 2022 $1,383 and $2,767, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	$3.74M	USD	1 Quarter
Cash flow hedge adjustments, net of income taxes in 2023 $951 and $951; 2022 $1,383 and $2,767, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	$7.48M	USD	2 Qtrs
Pension and postretirement benefit adjustments, net of income taxes in 2023 $702 and $1,405; 2022 $2,580 and $5,160, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-13.97M	USD	2 Qtrs
Pension and postretirement benefit adjustments, net of income taxes in 2023 $702 and $1,405; 2022 $2,580 and $5,160, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.91M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of income taxes in 2023 $702 and $1,405; 2022 $2,580 and $5,160, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.99M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of income taxes in 2023 $702 and $1,405; 2022 $2,580 and $5,160, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.83M	USD	2 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-5.06M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-148.35M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$20.68M	USD	2 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-95.49M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$339.44M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$522.88M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$224.18M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$669.14M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.