10-Q Filing

GENUINE PARTS CO CIK: 40987 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0000040987-23-000086`
Period End Date	20230930
Filing Date	20231019
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	gpc-20230930_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`	$53.87M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$61.50M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.53B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.44B	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$653.46M	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`	$629.20M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$654.64M	USD	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts (2023 $61,499; 2022 $53,872)	`AccountsNotesAndLoansReceivableNetCurrent`	$2.39B	USD	Point-in-time
Trade accounts receivable, less allowance for doubtful accounts (2023 $61,499; 2022 $53,872)	`AccountsNotesAndLoansReceivableNetCurrent`	$2.19B	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
Merchandise inventories, net	`InventoryNet`	$4.44B	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$4.48B	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.53B	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`	$1.50B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.03B	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	140.94M	shares	Point-in-time
Goodwill	`Goodwill`	$2.64B	USD	Point-in-time
Goodwill	`Goodwill`	$2.59B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	140.23M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	140.23M	shares	Point-in-time
Other intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.75B	USD	Point-in-time
Other intangible assets, less accumulated amortization	`FiniteLivedIntangibleAssetsNet`	$1.81B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Property, plant and equipment, less accumulated depreciation (2023 $1,532,480; 2022 $1,435,677)	`PropertyPlantAndEquipmentNet`	$1.33B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation (2023 $1,532,480; 2022 $1,435,677)	`PropertyPlantAndEquipmentNet`	$1.51B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.20B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.10B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$847.33M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$888.83M	USD	Point-in-time
Total assets	`Assets`	$16.50B	USD	Point-in-time
Total assets	`Assets`	$17.02B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.49B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.46B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$354.02M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$252.03M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$133.25M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$126.19M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.85B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.83B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.69B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.80B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.96B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.08B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$919.47M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$836.02M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$198.18M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$197.88M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$391.16M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$411.35M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$527.82M	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 140,234,786 shares; 2022 140,941,649 shares	`CommonStockValue`	$140.94M	USD	Point-in-time
Common stock, par value $1 per share; authorized 450,000,000 shares; issued and outstanding 2023 140,234,786 shares; 2022 140,941,649 shares	`CommonStockValue`	$140.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$140.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$163.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.09B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.54B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.97B	USD	Point-in-time
Total parent equity	`StockholdersEquity`	$3.79B	USD	Point-in-time
Total parent equity	`StockholdersEquity`	$4.19B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$14.08M	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$15.16M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.65B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.68B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.20B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$17.02B	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`	$16.57B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$17.50B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.82B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.68B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$11.25B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$10.81B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.72B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$3.70B	USD	1 Quarter
Gross profit	`GrossProfit`	$2.11B	USD	1 Quarter
Gross profit	`GrossProfit`	$6.26B	USD	3 Qtrs
Gross profit	`GrossProfit`	$5.77B	USD	3 Qtrs
Gross profit	`GrossProfit`	$1.98B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$4.23B	USD	3 Qtrs
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$1.46B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$1.55B	USD	1 Quarter
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$4.64B	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$259.82M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$261.95M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$83.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$86.56M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.15M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$8.42M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$13.54M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$22.38M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.55B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.93B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$4.50B	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.64B	USD	1 Quarter
Interest expense, net	`InterestExpense`	$15.83M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$18.22M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$58.32M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$49.15M	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$26.90M	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$44.34M	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$15.72M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$7.62M	USD	1 Quarter
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-10.60M	USD	1 Quarter
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-31.42M	USD	3 Qtrs
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-4.81M	USD	3 Qtrs
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-105.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$417.94M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.24B	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$465.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.32B	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$105.58M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$113.86M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$323.91M	USD	3 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$304.49M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$930.73M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$999.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$351.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$312.36M	USD	1 Quarter
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	1 Quarter
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.95	USD	1 Quarter
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$2.69	USD	3 Qtrs
Dividends declared per common share (usd per share)	`CommonStockDividendsPerShareDeclared`	$2.85	USD	3 Qtrs
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$7.11	USD	3 Qtrs
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$2.50	USD	1 Quarter
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$6.57	USD	3 Qtrs
Basic earnings per share (usd per share)	`EarningsPerShareBasic`	$2.21	USD	1 Quarter
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$6.53	USD	3 Qtrs
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$2.49	USD	1 Quarter
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$2.20	USD	1 Quarter
Diluted earnings per share (usd per share)	`EarningsPerShareDiluted`	$7.08	USD	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$930.73M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$999.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$351.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$312.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$259.82M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$261.95M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$27.77M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$47.34M	USD	3 Qtrs
Excess tax benefits from share-based compensation	`EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions`	$6.77M	USD	3 Qtrs
Excess tax benefits from share-based compensation	`EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions`	$3.87M	USD	3 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	3 Qtrs
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$102.80M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-132.94M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$219.72M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.08B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.24B	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$349.86M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$244.00M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.34M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$141.23M	USD	3 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$80.48M	USD	3 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	3 Qtrs
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$211.39M	USD	3 Qtrs
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$1.55B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.66B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-473.43M	USD	3 Qtrs
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$4.55B	USD	3 Qtrs
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$2.54B	USD	3 Qtrs
Payments on debt	`RepaymentsOfDebt`	$3.59B	USD	3 Qtrs
Payments on debt	`RepaymentsOfDebt`	$2.54B	USD	3 Qtrs
Shares issued from employee incentive plans	`PaymentsForSharesIssuedFromEmployeeIncentivePlans`	$15.44M	USD	3 Qtrs
Shares issued from employee incentive plans	`PaymentsForSharesIssuedFromEmployeeIncentivePlans`	$23.69M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$393.42M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$369.48M	USD	3 Qtrs
Purchases of stock	`PaymentsForRepurchaseOfCommonStock`	$172.73M	USD	3 Qtrs
Purchases of stock	`PaymentsForRepurchaseOfCommonStock`	$172.35M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-16.87M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.83M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-599.02M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$386.03M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-8.82M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-59.17M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-85.50M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.17M	USD	3 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`	$714.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$629.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$654.64M	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`	$714.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$629.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$654.64M	USD	Point-in-time

Stockholders Equity 48 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	1 Quarter
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.95	USD	1 Quarter
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$2.69	USD	3 Qtrs
Cash dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$2.85	USD	3 Qtrs
Beginning balance (in shares)	`CommonStockSharesOutstanding`	140.23M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.65B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.68B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.20B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time
Net income	`NetIncomeLoss`	$930.73M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$999.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$351.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$312.36M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-216.58M	USD	3 Qtrs
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-54.72M	USD	3 Qtrs
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-75.41M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-121.09M	USD	1 Quarter
Cash dividend declared	`DividendsCommonStockCash`	$380.04M	USD	3 Qtrs
Cash dividend declared	`DividendsCommonStockCash`	$400.48M	USD	3 Qtrs
Cash dividend declared	`DividendsCommonStockCash`	$133.25M	USD	1 Quarter
Cash dividend declared	`DividendsCommonStockCash`	$126.43M	USD	1 Quarter
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-535.00K	USD	1 Quarter
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-15.44M	USD	3 Qtrs
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-23.69M	USD	3 Qtrs
Shares issued from employee incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.02M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.39M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.77M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.89M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$47.34M	USD	3 Qtrs
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$49.81M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$37.50M	USD	1 Quarter
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$172.35M	USD	3 Qtrs
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$172.73M	USD	3 Qtrs
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$734.00K	USD	1 Quarter
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$579.00K	USD	1 Quarter
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$1.19M	USD	3 Qtrs
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$1.08M	USD	3 Qtrs
Ending balance (in shares)	`CommonStockSharesOutstanding`	140.23M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.65B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.68B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.20B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.09B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$930.73M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$999.65M	USD	3 Qtrs
Cash flow hedge adjustments, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$951.00K	USD	3 Qtrs
Cash flow hedge adjustments, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$1.38M	USD	1 Quarter
Cash flow hedge adjustments, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	$4.15M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$351.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$312.36M	USD	1 Quarter
Cash flow hedge adjustments, tax	`GainLossonDerivativeUsedinNetInvestmentHedgeTax`	-	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-77.31M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-131.81M	USD	1 Quarter
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-2.58M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-63.03M	USD	3 Qtrs
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$2.11M	USD	3 Qtrs
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$703.00K	USD	1 Quarter
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-7.74M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-248.76M	USD	3 Qtrs
Cash flow hedge adjustments, net of income taxes in 2023 $0 and $951; 2022 $1,384 and $4,151, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	$11.22M	USD	3 Qtrs
Cash flow hedge adjustments, net of income taxes in 2023 $0 and $951; 2022 $1,384 and $4,151, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	$2.57M	USD	3 Qtrs
Cash flow hedge adjustments, net of income taxes in 2023 $0 and $951; 2022 $1,384 and $4,151, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	-	USD	1 Quarter
Cash flow hedge adjustments, net of income taxes in 2023 $0 and $951; 2022 $1,384 and $4,151, respectively	`OtherComprehensiveIncomeLossCashFlowHedgeandNetInvestmentHedgeGainLossafterReclassificationandTax`	$3.74M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of income taxes in 2023 $703 and $2,108; 2022 $2,576 and $7,736, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-20.96M	USD	3 Qtrs
Pension and postretirement benefit adjustments, net of income taxes in 2023 $703 and $2,108; 2022 $2,576 and $7,736, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.91M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of income taxes in 2023 $703 and $2,108; 2022 $2,576 and $7,736, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.98M	USD	1 Quarter
Pension and postretirement benefit adjustments, net of income taxes in 2023 $703 and $2,108; 2022 $2,576 and $7,736, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.74M	USD	3 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-216.58M	USD	3 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-54.72M	USD	3 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-75.41M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-121.09M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$275.79M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$191.27M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$944.93M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$714.15M	USD	3 Qtrs

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