10-K Filing

GENUINE PARTS CO CIK: 40987 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000040987-24-000024`
Period End Date	20231231
Filing Date	20240222
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	gpc-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 39 Cash Flow Statement 95 Stockholders Equity 39 Comprehensive Income 24

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	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
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$653.46M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$714.70M	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$990.17M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Trade accounts receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$2.19B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Trade accounts receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$2.22B	USD	Point-in-time
Merchandise inventories, net	`InventoryNet`	$4.68B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Merchandise inventories, net	`InventoryNet`	$4.44B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.60B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	139.57M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	140.94M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.53B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	139.57M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.61B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.82B	USD	Point-in-time
Goodwill	`Goodwill`	$1.92B	USD	Point-in-time
Goodwill	`Goodwill`	$2.73B	USD	Point-in-time
Goodwill	`Goodwill`	$2.59B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.79B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.41B	USD	Point-in-time
Other intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.81B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.33B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.62B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.27B	USD	Point-in-time
Operating lease assets	`OperatingLeaseRightOfUseAsset`	$1.10B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$949.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$847.33M	USD	Point-in-time
Total assets	`Assets`	$17.97B	USD	Point-in-time
Total assets	`Assets`	$16.50B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.46B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$5.50B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$252.03M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$355.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.85B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.84B	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$126.19M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$132.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.83B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.69B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.55B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.08B	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$979.94M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$836.02M	USD	Point-in-time
Pension and other post-retirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$219.64M	USD	Point-in-time
Pension and other post-retirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$197.88M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$391.16M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$437.67M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$536.17M	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 - 139,567,071 shares and 2022 - 140,941,649 shares	`CommonStockValue`	$139.57M	USD	Point-in-time
Common stock, par value $1 per share - authorized 450,000,000 shares; issued and outstanding - 2023 - 139,567,071 shares and 2022 - 140,941,649 shares	`CommonStockValue`	$140.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$173.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$140.32M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-976.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.07B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.54B	USD	Point-in-time
Total parent equity	`StockholdersEquity`	$3.79B	USD	Point-in-time
Total parent equity	`StockholdersEquity`	$4.40B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$14.08M	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$15.94M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.42B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.22B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$17.97B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$16.50B	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$18.87B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$22.10B	USD	Annual
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$23.09B	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$14.80B	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$12.24B	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$14.36B	USD	Annual
Gross profit	`GrossProfit`	$8.29B	USD	Annual
Gross profit	`GrossProfit`	$7.74B	USD	Annual
Gross profit	`GrossProfit`	$6.63B	USD	Annual
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$6.17B	USD	Annual
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$5.16B	USD	Annual
Selling, administrative and other expenses	`SellingGeneralAndAdministrativeExpense`	$5.76B	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$347.82M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$290.97M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$350.53M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$17.74M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$19.79M	USD	Annual
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$25.95M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.13B	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.54B	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.47B	USD	Annual
Interest expense, net	`InterestExpense`	$64.47M	USD	Annual
Interest expense, net	`InterestExpense`	$62.15M	USD	Annual
Interest expense, net	`InterestExpense`	$73.89M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$32.29M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$99.58M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$59.76M	USD	Annual
Total non-operating expenses (income)	`NonoperatingIncomeExpense`	$-4.71M	USD	Annual
Total non-operating expenses (income)	`NonoperatingIncomeExpense`	$-41.60M	USD	Annual
Total non-operating expenses (income)	`NonoperatingIncomeExpense`	$37.43M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57B	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.74B	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.20B	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$425.82M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$301.56M	USD	Annual
Income taxes	`IncomeTaxExpenseBenefit`	$389.90M	USD	Annual
Net income	`NetIncomeLoss`	$1.18B	USD	Annual
Net income	`NetIncomeLoss`	$1.32B	USD	Annual
Net income	`NetIncomeLoss`	$898.79M	USD	Annual

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.18B	USD	Annual
Net income	`NetIncomeLoss`	$1.32B	USD	Annual
Net income	`NetIncomeLoss`	$898.79M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$347.82M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$350.53M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$290.97M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$42.11M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.22M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$31.68M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$25.60M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$38.06M	USD	Annual
Share-based compensation	`ShareBasedCompensation`	$57.23M	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	$102.80M	USD	Annual
Gain on sale of real estate	`GainsLossesOnSalesOfInvestmentRealEstate`	-	USD	Annual
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$18.38M	USD	Annual
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$-41.63M	USD	Annual
Other operating activities	`OtherOperatingActivitiesCashFlowStatement`	$22.57M	USD	Annual
Trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$258.99M	USD	Annual
Trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-31.99M	USD	Annual
Trade accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$244.37M	USD	Annual
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$380.42M	USD	Annual
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$69.15M	USD	Annual
Merchandise inventories, net	`IncreaseDecreaseInInventories`	$329.24M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$676.41M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$777.32M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$2.04M	USD	Annual
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$71.02M	USD	Annual
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$254.04M	USD	Annual
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$200.41M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.47B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.26B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.44B	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$512.67M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$266.14M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$339.63M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$26.55M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$145.01M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$25.10M	USD	Annual
Proceeds from divestitures of businesses	`ProceedsFromDivestitureOfBusinesses`	$33.60M	USD	Annual
Proceeds from divestitures of businesses	`ProceedsFromDivestitureOfBusinesses`	$17.74M	USD	Annual
Proceeds from divestitures of businesses	`ProceedsFromDivestitureOfBusinesses`	$10.75M	USD	Annual
Proceeds from sale of investment	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	Annual
Proceeds from sale of investment	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	Annual
Proceeds from sale of investment	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$80.48M	USD	Annual
Proceeds from settlement of net investment hedge	`ProceedsFromHedgeInvestingActivities`	$158.44M	USD	Annual
Proceeds from settlement of net investment hedge	`ProceedsFromHedgeInvestingActivities`	-	USD	Annual
Proceeds from settlement of net investment hedge	`ProceedsFromHedgeInvestingActivities`	-	USD	Annual
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$309.45M	USD	Annual
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$1.68B	USD	Annual
Acquisitions and other investing activities	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$284.31M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-506.16M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.68B	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-705.79M	USD	Annual
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$5.11B	USD	Annual
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$892.69M	USD	Annual
Proceeds from debt	`ProceedsFromLongTermLinesOfCredit`	$3.77B	USD	Annual
Payments on debt	`RepaymentsOfDebt`	$4.15B	USD	Annual
Payments on debt	`RepaymentsOfDebt`	$3.24B	USD	Annual
Payments on debt	`RepaymentsOfDebt`	$1.05B	USD	Annual
Shares issued from employee incentive plans	`PaymentsForSharesIssuedFromEmployeeIncentivePlans`	$22.35M	USD	Annual
Shares issued from employee incentive plans	`PaymentsForSharesIssuedFromEmployeeIncentivePlans`	$17.38M	USD	Annual
Shares issued from employee incentive plans	`PaymentsForSharesIssuedFromEmployeeIncentivePlans`	$24.14M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$526.67M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$495.92M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$465.65M	USD	Annual
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$222.73M	USD	Annual
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$333.60M	USD	Annual
Purchase of stock	`PaymentsForRepurchaseOfCommonStock`	$261.47M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-11.04M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-19.75M	USD	Annual
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-7.21M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-989.53M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$205.10M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-292.16M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-38.05M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-49.07M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.89M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-61.24M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-275.46M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$448.54M	USD	Annual
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10B	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$653.46M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$714.70M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$990.17M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.10B	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$653.46M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$714.70M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$990.17M	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$305.33M	USD	Annual
Income taxes	`IncomeTaxesPaid`	$366.27M	USD	Annual
Income taxes	`IncomeTaxesPaid`	$362.86M	USD	Annual
Interest	`InterestPaidNet`	$73.37M	USD	Annual
Interest	`InterestPaidNet`	$90.41M	USD	Annual
Interest	`InterestPaidNet`	$65.73M	USD	Annual

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.58	USD	Annual
Cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.26	USD	Annual
Cash dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$3.80	USD	Annual
Income tax benefit	`EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions`	$7.08M	USD	Annual
Income tax benefit	`EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions`	$5.50M	USD	Annual
Income tax benefit	`EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions`	$6.80M	USD	Annual
Beginning balance (in shares)	`CommonStockSharesOutstanding`	139.57M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.42B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.22B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.18B	USD	Annual
Net income	`NetIncomeLoss`	$1.32B	USD	Annual
Net income	`NetIncomeLoss`	$898.79M	USD	Annual
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$55.67M	USD	Annual
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-174.80M	USD	Annual
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$178.76M	USD	Annual
Cash dividends declared	`DividendsCommonStockCash`	$506.23M	USD	Annual
Cash dividends declared	`DividendsCommonStockCash`	$533.12M	USD	Annual
Cash dividends declared	`DividendsCommonStockCash`	$467.48M	USD	Annual
Share-based awards exercised, including tax benefit	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-22.35M	USD	Annual
Share-based awards exercised, including tax benefit	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-17.38M	USD	Annual
Share-based awards exercised, including tax benefit	`StockIssuedDuringPeriodValueStockOptionsExercised`	$-24.14M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$25.60M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$57.23M	USD	Annual
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$38.06M	USD	Annual
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$261.47M	USD	Annual
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$222.73M	USD	Annual
Purchase of stock	`StockRepurchasedDuringPeriodValue`	$333.60M	USD	Annual
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$1.54M	USD	Annual
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$1.85M	USD	Annual
Noncontrolling interest activities	`NoncontrollingInterestActivities`	$-659.00K	USD	Annual
Ending balance (in shares)	`CommonStockSharesOutstanding`	139.57M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	140.94M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.42B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.22B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.50B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.80B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.18B	USD	Annual
Cash flow hedge adjustment, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$951.00K	USD	Annual
Cash flow hedge adjustment, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$5.54M	USD	Annual
Net income	`NetIncomeLoss`	$1.32B	USD	Annual
Net income	`NetIncomeLoss`	$898.79M	USD	Annual
Cash flow hedge adjustment, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$4.61M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$64.43M	USD	Annual
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-4.17M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-65.84M	USD	Annual
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-15.85M	USD	Annual
Pension and postretirement benefit adjustments, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-84.65M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-143.89M	USD	Annual
Cash flow hedge adjustments, net of income taxes in 2023 $951, 2022 $4,612, and 2021 $5,535	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.57M	USD	Annual
Cash flow hedge adjustments, net of income taxes in 2023 $951, 2022 $4,612, and 2021 $5,535	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$12.47M	USD	Annual
Cash flow hedge adjustments, net of income taxes in 2023 $951, 2022 $4,612, and 2021 $5,535	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$14.96M	USD	Annual
Pension and postretirement benefit adjustments, net of income taxes of 2023 $4,174, 2022 $15,846, and 2021 $84,650	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$43.38M	USD	Annual
Pension and postretirement benefit adjustments, net of income taxes of 2023 $4,174, 2022 $15,846, and 2021 $84,650	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-229.64M	USD	Annual
Pension and postretirement benefit adjustments, net of income taxes of 2023 $4,174, 2022 $15,846, and 2021 $84,650	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$11.33M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$55.67M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-174.80M	USD	Annual
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$178.76M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.08B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.01B	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	Annual

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