| Jan'20 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||||
8,845 | 8,400 | 7,927 | 7,622 | 6,190 | 5,507 | 5,291 | 6,253 | 6,146 | 5,274 | 4,779 | 6,136 |
Cost of goods sold | |||||||||||
7,069 | 6,742 | 6,356 | 6,074 | 4,850 | 4,267 | 4,092 | 4,844 | 4,739 | 4,066 | 3,702 | 4,693 |
Gross profit | |||||||||||
1,775 | 1,658 | 1,571 | 1,548 | 1,340 | 1,239 | 1,198 | 1,408 | 1,407 | 1,207 | 1,077 | 1,442 |
Operating expenses | |||||||||||
1,408 | 1,348 | 1,258 | 1,252 | 1,072 | 929 | 886 | 1,077 | 1,044 | 940 | 892 | 1,050 |
Impairment of long-lived assets | |||||||||||
- | - | - | - | - | - | 1 | 48 | 0 | - | 100 | - |
Operating expenses | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,050 |
Operating income | |||||||||||
367 | 309 | 312 | 295 | 267 | 310 | 310 | 282 | 362 | 267 | 84 | 391 |
Other expense: | |||||||||||
Interest expense | |||||||||||
77 | 76 | 74 | 78 | 63 | 44 | 43 | 59 | 50 | 53 | 66 | 60 |
Net loss on retirement of debt | |||||||||||
- | - | - | - | - | - | - | - | - | -31 | -1 | - |
Other, net | |||||||||||
3 | -10 | -0 | -19 | -21 | -16 | -8 | -13 | -9 | -1 | -19 | -25 |
Income before income taxes | |||||||||||
293 | 223 | 237 | 197 | 182 | 249 | 258 | 209 | 303 | 180 | -1 | 305 |
Income tax expense | |||||||||||
30 | 66 | 128 | 76 | 86 | 86 | 83 | 84 | 102 | 70 | 39 | 117 |
Net income from continuing operations | |||||||||||
- | - | - | 121 | 96 | 163 | 175 | - | 200 | 109 | -41 | - |
Loss from discontinued operations before income taxes | |||||||||||
- | - | - | -0 | 11 | 45 | - | - | - | - | - | - |
Loss on sale of business | |||||||||||
- | - | - | -0 | 41 | 0 | - | - | - | - | - | - |
Income tax benefit from discontinued operations | |||||||||||
- | - | - | -0 | 22 | 13 | - | - | - | - | - | - |
Net loss from discontinued operations | |||||||||||
- | - | - | -0 | 30 | 31 | - | - | -12 | -1 | 12 | - |
Net Income | |||||||||||
262 | 156 | 109 | 120 | 127 | 194 | 200 | 124 | 188 | 108 | -29 | 187 |
Income per share: | |||||||||||
Continuing operations | |||||||||||
- | - | - | 3.63 | 2.92 | 4.95 | 5.34 | - | 5.87 | 3.21 | -1.17 | - |
Discontinued operations | |||||||||||
- | - | - | -0.02 | 0.92 | 0.95 | 0.78 | - | -0.37 | -0.03 | 0.34 | - |
Basic | |||||||||||
7.71 | 4.62 | 3.24 | 3.61 | 3.84 | 5.90 | 6.12 | 3.77 | 5.50 | 3.18 | -0.83 | 5.30 |
Continuing operations | |||||||||||
- | - | - | 3.61 | 2.90 | 4.90 | 5.27 | - | 5.71 | 3.08 | -1.17 | - |
Discontinued operations | |||||||||||
- | - | - | -0.02 | 0.91 | 0.94 | 0.77 | - | -0.35 | -0.03 | 0.34 | - |
Diluted | |||||||||||
7.67 | 4.58 | 3.21 | 3.59 | 3.81 | 5.84 | 6.04 | 3.69 | 5.36 | 3.05 | -0.83 | 4.87 |
Basic weighted-average common shares outstanding | |||||||||||
34 | 33 | 33 | 33 | 33 | 33 | 32 | 33 | 34 | 34 | 35 | - |
Effect of dilutive securities: | |||||||||||
Stock options and units | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - |
Convertible notes due (in shares) | |||||||||||
- | - | - | - | - | - | 0 | - | - | - | - | - |
Diluted weighted-average common shares outstanding | |||||||||||
34 | 34 | 34 | 33 | 33 | 33 | 33 | 33 | 35 | 35 | 35 | - |
Dividend declared per common share (in dollars per share) | |||||||||||
- | - | - | - | - | - | - | 4.50 | 0.00 | 3.25 | - | - |