| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Net sales | ||||||
2,750 | 2,585 | |||||
Cost of sales | ||||||
1,949 | 1,865 | |||||
Gross profit | ||||||
801 | 719 | |||||
Selling, general and administrative expenses (note 16(a)) | ||||||
377 | 336 | |||||
Restructuring and acquisition-related costs (note 17) | ||||||
22 | 11 | |||||
Operating income | ||||||
401 | 371 | |||||
Financial expenses, net (note 14(c)) | ||||||
-24 | -19 | |||||
Earnings before income taxes | ||||||
376 | 351 | |||||
Income tax expense (note 18) | ||||||
14 | 5 | |||||
Net earnings | ||||||
362 | 346 | |||||
Other comprehensive income (loss), net of related income taxes: | ||||||
Cash flow hedges (note 14(d)) | ||||||
-27 | 39 | |||||
Actuarial loss on employee benefit obligations (note 12(a)) | ||||||
-0 | -5 | |||||
Other comprehensive income | ||||||
-27 | 34 | |||||
Comprehensive income | ||||||
335 | 380 | |||||
Earnings per share: (note 19) | ||||||
Basic (in dollars per share) | ||||||
1.62 | 1.47 | |||||
Diluted (in dollars per share) | ||||||
1.61 | 1.47 | |||||