| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
9,041 | 9,352 | 8,306 | 7,410 | 7,467 | 9,723 | 10,786 | 9,962 | 8,773 | 6,896 | 6,516 | 8,273 |
Cost of goods sold | |||||||||||
7,057 | 7,355 | 6,541 | 5,895 | 5,906 | 7,657 | 8,396 | 7,839 | 6,997 | 5,637 | 5,444 | 6,774 |
Gross profit | |||||||||||
1,984 | 1,996 | 1,765 | 1,515 | 1,560 | 2,066 | 2,390 | 2,123 | 1,776 | 1,258 | 1,071 | 1,498 |
Selling, general and administrative expenses | |||||||||||
1,040 | 1,069 | 964 | 864 | 852 | 995 | 1,088 | 1,041 | 869 | 692 | 630 | 720 |
Engineering expenses | |||||||||||
343 | 355 | 323 | 297 | 282 | 337 | 353 | 317 | 275 | 219 | 191 | 194 |
Restructuring and other infrequent income | |||||||||||
- | - | - | - | - | - | - | - | - | - | 13 | 0 |
Amortization of Intangible Assets | |||||||||||
61 | 64 | 57 | 51 | 42 | 41 | 47 | 49 | 21 | 18 | 18 | 19 |
Bad debt expense | |||||||||||
5 | 6 | 4 | 3 | - | - | - | - | - | - | - | - |
Goodwill and Intangible Asset Impairment | |||||||||||
176 | 0 | 0 | - | - | - | - | 22 | 0 | 0 | - | - |
Restructuring expenses | |||||||||||
9 | 12 | 11 | 11 | 22 | 46 | 0 | 0 | -0 | 4 | - | - |
Income from operations | |||||||||||
348 | 489 | 404 | 287 | 361 | 646 | 900 | 693 | 610 | 324 | 218 | 563 |
Interest expense, net | |||||||||||
-19 | -53 | -45 | -52 | -45 | -58 | -58 | -57 | -30 | -33 | -42 | 32 |
Other expense, net | |||||||||||
-67 | -74 | -75 | -30 | -36 | -49 | -40 | -34 | -19 | -16 | -22 | -20 |
Income before income taxes and equity in net earnings of affiliates | |||||||||||
261 | 360 | 283 | 204 | 279 | 539 | 802 | 600 | 561 | 274 | 154 | 511 |
Income tax provision | |||||||||||
180 | 110 | 133 | 92 | 72 | 187 | 258 | 137 | 24 | 104 | 57 | 164 |
Income before equity in net earnings of affiliates | |||||||||||
80 | 249 | 150 | 112 | 206 | 351 | 544 | 462 | 536 | 170 | 96 | 347 |
Equity in net earnings of affiliates | |||||||||||
42 | 34 | 39 | 47 | 57 | 52 | 48 | 53 | 48 | 49 | 38 | 38 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
122 | 283 | 189 | 160 | 264 | 404 | 592 | 516 | 585 | 220 | 135 | 385 |
Net income attributable to noncontrolling interests | |||||||||||
-2 | -1 | 2 | 0 | -2 | -6 | -4 | -5 | 2 | -0 | -0 | 0 |
Net Income (Loss) Attributable to Parent | |||||||||||
125 | 285 | 186 | 160 | 266 | 410 | 597 | 522 | 583 | 220 | 135 | 385 |
Earnings Per Share [Abstract] | |||||||||||
Earnings Per Share, Basic | |||||||||||
1.64 | 3.62 | 2.34 | 1.97 | 3.06 | 4.39 | 6.14 | 5.38 | 6.10 | 2.38 | 1.47 | 4.21 |
Earnings Per Share, Diluted | |||||||||||
1.63 | 3.58 | 2.32 | 1.96 | 3.06 | 4.36 | 6.01 | 5.30 | 5.95 | 2.29 | 1.44 | 3.95 |
Cash dividends declared and paid per common share (in dollars per share) | |||||||||||
0.63 | 0.60 | 0.56 | 0.52 | 0.48 | 0.44 | 0.40 | 0.00 | 0.00 | - | - | - |
Weighted average number of common and common equivalent shares outstanding: | |||||||||||
Weighted Average Number of Shares Outstanding, Basic | |||||||||||
76 | 78 | 79 | 81 | 87 | 93 | 97 | 97 | 95 | 92 | 92 | 91 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||||
77 | 79 | 80 | 81 | 87 | 94 | 99 | 98 | 98 | 96 | 94 | 97 |