| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
1,731 | 1,661 | 1,729 | 1,364 | 1,348 | 1,651 | 1,732 | 1,976 | 1,943 | 1,449 | 1,142 |
Cost of sales | ||||||||||
1,344 | 1,099 | 1,159 | 1,099 | 1,156 | 1,302 | 1,620 | 1,415 | 1,194 | 1,104 | 1,011 |
Gross margin | ||||||||||
386 | 562 | 569 | 264 | 192 | 349 | 112 | 560 | 748 | 345 | 130 |
Selling, general and administrative expense | ||||||||||
228 | 228 | 200 | 168 | 178 | 191 | 190 | 183 | 195 | 166 | 148 |
Other operating income (expense): | ||||||||||
Currency transactions, net | ||||||||||
2 | 10 | -7 | 5 | -0 | 4 | -3 | -1 | 3 | 7 | 9 |
Disposition of property and equipment | ||||||||||
-0 | -0 | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -1 | -0 |
Other operating expense, net | ||||||||||
1 | 0 | 0 | 4 | -0 | -0 | -1 | -1 | 0 | 1 | 0 |
Corporate expense | ||||||||||
15 | 14 | 13 | 12 | 13 | 10 | 48 | 13 | 9 | 7 | 7 |
Income from operations | ||||||||||
145 | 330 | 347 | 92 | -1 | 149 | -132 | 359 | 546 | 178 | -15 |
Other income (expense): | ||||||||||
Interest and dividend income | ||||||||||
6 | 5 | 1 | 0 | 0 | 1 | 1 | 9 | 7 | 0 | 0 |
Insurance settlement gain | ||||||||||
2 | - | - | - | - | - | - | - | - | - | - |
Marketable equity securities | ||||||||||
-0 | -7 | - | - | -12 | - | - | -3 | -0 | - | - |
Other components of net periodic pension and OPEB cost | ||||||||||
15 | 15 | 17 | 11 | - | - | - | - | - | - | - |
Loss on prepayment of debt, net | ||||||||||
- | - | -7 | - | - | - | -8 | -7 | -3 | - | - |
Interest expense | ||||||||||
18 | 19 | 19 | 20 | 18 | 17 | 19 | 26 | 32 | 38 | 41 |
Income before income taxes | ||||||||||
121 | 293 | 305 | 61 | -30 | 133 | -159 | 330 | 517 | 140 | -56 |
Income tax expense | ||||||||||
34 | 88 | -48 | 17 | 142 | 34 | -57 | 112 | 196 | 9 | -22 |
Net income | ||||||||||
87 | 205 | 354 | 43 | -173 | 99 | -102 | 218 | 321 | 130 | -34 |
Net income per basic and diluted share | ||||||||||
0.75 | 1.77 | 3.06 | 0.37 | -1.50 | 0.86 | -0.88 | 1.89 | 2.77 | 1.29 | -0.35 |
Cash dividends per share | ||||||||||
- | - | - | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 | 1.07 | - | - |
Weighted average shares used in the calculation of net income per share | ||||||||||
115 | 115 | 115 | 115 | 115 | 115 | 115 | 115 | 115 | 100 | 97 |