| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Jan'16 | Jan'15 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
7,070 | 7,159 | 6,613 | 6,086 | 5,966 | 6,330 | 6,140 | 5,863 | 5,844 | 5,782 | 5,186 | 6,710 |
Cost of products sold | |||||||||||
5,166 | 5,243 | 4,801 | 4,386 | 4,321 | 4,679 | 4,502 | 4,335 | 4,369 | 4,268 | 3,929 | 4,983 |
Gross profit | |||||||||||
1,904 | 1,915 | 1,812 | 1,699 | 1,645 | 1,651 | 1,637 | 1,528 | 1,475 | 1,513 | 1,256 | 1,727 |
Marketing, general and administrative expense | |||||||||||
1,080 | 1,127 | 1,105 | 1,085 | 1,108 | 1,158 | 1,174 | 1,148 | 1,139 | 1,178 | 1,088 | 1,304 |
Other expense, net | |||||||||||
53 | 69 | 36 | 23 | 68 | 68 | 36 | 68 | 51 | 19 | 178 | 36 |
Goodwill and indefinite-lived intangible asset impairment charges | |||||||||||
- | - | - | - | - | - | - | - | - | - | 832 | - |
Interest expense | |||||||||||
75 | 58 | 63 | 59 | 60 | 63 | 60 | 72 | 71 | 76 | 84 | 115 |
Other non-operating expense, net | |||||||||||
445 | 104 | 18 | 53 | - | - | - | - | - | - | - | - |
Income (loss) before taxes | |||||||||||
249 | 554 | 589 | 477 | 408 | 360 | 366 | 237 | 213 | 239 | -926 | 270 |
Provision for (benefit from) income taxes | |||||||||||
-56 | 85 | 307 | 156 | 134 | 113 | 124 | 80 | 71 | -2 | -92 | 4 |
Equity method investment losses | |||||||||||
-2 | -2 | - | 0 | - | - | - | - | - | - | - | - |
Net income per common share: | |||||||||||
Net income (loss) | |||||||||||
303 | 467 | 281 | 320 | 274 | 245 | 213 | 215 | 190 | 316 | -746 | 266 |
Income from continuing operations | |||||||||||
- | - | - | - | 274 | 247 | 241 | 157 | 141 | 241 | -834 | - |
Loss from discontinued operations, net of tax | |||||||||||
- | - | - | - | -0 | -2 | -28 | 57 | 48 | 75 | 87 | - |
Per share amounts: | |||||||||||
Continuing operations (in dollars per share) | |||||||||||
- | - | - | - | 3.01 | 2.64 | 2.46 | 1.54 | 1.34 | 2.29 | -8.06 | - |
Discontinued operations (in dollars per share) | |||||||||||
- | - | - | - | - | -0.03 | -0.29 | 0.56 | 0.46 | 0.71 | 0.85 | - |
Net income (loss) per common share (in dollars per share) | |||||||||||
3.61 | 5.35 | 3.19 | 3.60 | 3.01 | 2.61 | 2.17 | 2.10 | 1.80 | 3.00 | -7.21 | 2.70 |
Net income (loss) per common share, assuming dilution (in dollars per share) | |||||||||||
3.57 | 5.28 | 3.13 | 3.54 | 2.95 | 2.56 | 2.13 | 2.08 | 1.78 | 2.97 | -7.21 | 2.70 |
Net income per common share, assuming dilution: | |||||||||||
Continuing operations (in dollars per share) | |||||||||||
- | - | - | - | 2.95 | 2.58 | 2.41 | 1.52 | 1.33 | 2.27 | -8.06 | - |
Discontinued operations (in dollars per share) | |||||||||||
- | - | - | - | - | -0.02 | -0.28 | 0.56 | 0.45 | 0.70 | 0.85 | - |
Dividends per common share (in dollars per share) | |||||||||||
- | - | - | - | 1.46 | 1.34 | 1.14 | 1.08 | 1.00 | 0.80 | 1.22 | 1.64 |
Weighted average number of shares outstanding: | |||||||||||
Common shares (in shares) | |||||||||||
84 | 87 | 88 | 89 | 91 | 93 | 98 | 102 | 105 | 105 | 103 | 98 |
Common shares, assuming dilution (in shares) | |||||||||||
85 | 88 | 90 | 90 | 92 | 95 | 100 | 103 | 106 | 106 | 103 | 98 |