| 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 | |||||||||||
4,591 | 4,481 | 3,668 | 3,505 | 3,390 | 3,359 | 3,183 | 3,044 | 2,871 | 2,541 | 2,355 | 2,704 |
Cost of goods sold | |||||||||||
3,238 | 3,181 | 2,513 | 2,400 | 2,298 | 2,250 | 2,113 | 2,032 | 1,947 | 1,712 | 1,629 | 1,901 |
Gross profit | |||||||||||
1,352 | 1,300 | 1,155 | 1,105 | 1,091 | 1,109 | 1,070 | 1,012 | 923 | 828 | 725 | 803 |
Selling & administrative expenses | |||||||||||
756 | 743 | 636 | 615 | 617 | 591 | 562 | 540 | 499 | 460 | 431 | 457 |
Operating income | |||||||||||
596 | 556 | 518 | 489 | 474 | 517 | 507 | 471 | 423 | 367 | 294 | 346 |
Gain on disposition of business | |||||||||||
21 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Multi-employer pension charge | |||||||||||
8 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Investment income | |||||||||||
1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 2 |
Interest expense, net | |||||||||||
69 | 72 | 44 | 43 | 31 | 31 | 30 | 30 | 30 | 31 | 30 | 27 |
Loss on extinguishment of debt | |||||||||||
0 | 0 | -10 | 0 | 0 | - | - | - | - | -14 | 0 | 0 |
Other expense, net | |||||||||||
-21 | -17 | -21 | -16 | -25 | -1 | -4 | -1 | -4 | -1 | -2 | -3 |
Total other expense | |||||||||||
-76 | -89 | -75 | -59 | -56 | -31 | -33 | -30 | -34 | -47 | -33 | -27 |
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest | |||||||||||
520 | 467 | 443 | 430 | 418 | 485 | 473 | 441 | 389 | 320 | 261 | 318 |
Income Tax Expense (Benefit) | |||||||||||
113 | 100 | 193 | 132 | 136 | 158 | 144 | 139 | 119 | 101 | 80 | 95 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
407 | 366 | 249 | 297 | 282 | 327 | 329 | 302 | 270 | 218 | 181 | 223 |
Less: Net income attributable to noncontrolling interest | |||||||||||
6 | 5 | 6 | 4 | 4 | 1 | 3 | 2 | 2 | 1 | 1 | 0 |
Net Income (Loss) Attributable to Parent | |||||||||||
400 | 360 | 243 | 293 | 277 | 325 | 326 | 299 | 267 | 217 | 180 | 222 |
Earnings Per Share [Abstract] | |||||||||||
Basic (USD per share) | |||||||||||
7.35 | 6.57 | 4.42 | 5.26 | 4.79 | 5.51 | 5.51 | 5.05 | 4.47 | 3.61 | 3.16 | 3.96 |
Diluted (USD per share) | |||||||||||
7.31 | 6.54 | 4.39 | 5.24 | 4.77 | 5.48 | 5.47 | 5.00 | 4.42 | 3.59 | 3.15 | 3.93 |
Cash dividends per common share (USD per share) | |||||||||||
- | - | - | - | - | - | - | - | - | 1.44 | 1.40 | - |