| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | |||||||||||
- | - | - | 9 | - | - | - | - | - | - | - | - |
Net sales | |||||||||||
3,807 | 3,883 | 3,839 | 3,641 | 3,467 | 3,367 | 3,199 | 2,949 | 2,840 | 2,585 | 2,847 | 3,441 |
Cost of goods sold | |||||||||||
2,727 | 2,772 | 2,714 | 2,565 | 2,520 | 2,464 | 2,337 | 2,227 | 2,171 | 1,884 | 2,059 | 2,506 |
Gross profit | |||||||||||
1,079 | 1,111 | 1,125 | 1,076 | 947 | 903 | 861 | 722 | 669 | 701 | 788 | 934 |
Operating Expenses: | |||||||||||
Selling, general and administrative expenses | |||||||||||
585 | 608 | 637 | 621 | 580 | 573 | 570 | 507 | 476 | 492 | 644 | 686 |
(Gains) losses and other expenses, net | |||||||||||
-8 | -13 | -7 | -11 | -21 | -6 | -9 | -2 | -5 | 3 | -6 | -1 |
Restructuring charges | |||||||||||
10 | 3 | 3 | 1 | 3 | 1 | 5 | 4 | 12 | 11 | 41 | 30 |
Goodwill impairment | |||||||||||
- | - | - | - | 5 | 0 | 0 | - | - | - | 0 | - |
Asset impairment | |||||||||||
- | - | - | - | 44 | 0 | 0 | - | - | - | 6 | 9 |
Pension settlement | |||||||||||
99 | 0 | 0 | 31 | 0 | 0 | - | - | - | - | - | - |
Loss on sale of business | |||||||||||
-10 | -27 | -1 | 0 | - | - | - | - | - | - | - | - |
Insurance proceeds for lost profits | |||||||||||
99 | 27 | - | 0 | - | - | - | - | - | - | - | - |
Loss (gain) from natural disaster, net of insurance recoveries | |||||||||||
-178 | -38 | 0 | 0 | - | - | - | - | - | - | - | - |
Income from equity method investments | |||||||||||
13 | 12 | 18 | 18 | 13 | 13 | 12 | 10 | 9 | 10 | 7 | 8 |
Operating income | |||||||||||
656 | 509 | 494 | 429 | 305 | 334 | 289 | 219 | 184 | 204 | 109 | 218 |
Interest expense, net | |||||||||||
47 | 38 | 30 | 27 | 23 | 17 | 14 | 17 | 16 | 12 | 8 | 14 |
Other expense (income), net | |||||||||||
-2 | -3 | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -1 | 0 | -0 |
Income from continuing operations before income taxes | |||||||||||
507 | 467 | 464 | 402 | 282 | 317 | 274 | 201 | 167 | 190 | 100 | 204 |
Provision for income taxes | |||||||||||
99 | 107 | 156 | 124 | 95 | 109 | 94 | 66 | 55 | 64 | 39 | 80 |
Income from continuing operations | |||||||||||
408 | 360 | 307 | 278 | 187 | 208 | 179 | 135 | 111 | 125 | 61 | 123 |
Discontinued Operations: | |||||||||||
Loss from discontinued operations before income taxes | |||||||||||
-0 | 0 | -2 | -1 | -1 | -3 | -13 | -64 | -36 | -15 | 13 | -1 |
Income tax benefit | |||||||||||
0 | 2 | -0 | -0 | -0 | -1 | -5 | -19 | -13 | -5 | 2 | -0 |
Income (loss) from discontinued operations | |||||||||||
-0 | -1 | -1 | -0 | -0 | -2 | -8 | -45 | -23 | -9 | 10 | -1 |
Net income | |||||||||||
408 | 359 | 305 | 277 | 186 | 205 | 171 | 90 | 88 | 116 | 51 | 122 |
Earnings per share – Basic: | |||||||||||
Income from continuing operations (in dollars per share) | |||||||||||
10.49 | 8.87 | 7.28 | 6.41 | 4.17 | 4.35 | 3.61 | 2.66 | 2.12 | 2.31 | 1.11 | 2.18 |
Loss from discontinued operations (in dollars per share) | |||||||||||
0.00 | -0.03 | -0.03 | -0.02 | -0.01 | -0.05 | -0.16 | -0.89 | -0.44 | -0.18 | -0.19 | -0.01 |
Net income (in dollars per share) | |||||||||||
10.49 | 8.84 | 7.25 | 6.39 | 4.16 | 4.30 | 3.45 | 1.77 | 1.68 | 2.13 | 0.92 | 2.17 |
Earnings per share – Diluted: | |||||||||||
Income from continuing operations (in dollars per share) | |||||||||||
10.38 | 8.77 | 7.17 | 6.34 | 4.11 | 4.28 | 3.55 | 2.63 | 2.09 | 2.26 | 1.09 | 2.12 |
Loss from discontinued operations (in dollars per share) | |||||||||||
0.00 | -0.03 | -0.03 | -0.02 | -0.02 | -0.05 | -0.16 | -0.88 | -0.44 | -0.18 | -0.19 | -0.01 |
Net income (in dollars per share) | |||||||||||
10.38 | 8.74 | 7.14 | 6.32 | 4.09 | 4.23 | 3.39 | 1.75 | 1.65 | 2.08 | 0.90 | 2.11 |
Average shares outstanding: | |||||||||||
Weighted Average Number of Shares Outstanding, Basic | |||||||||||
39 | 40 | 42 | 43 | 44 | 47 | 49 | 50 | 52 | 54 | 55 | 56 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||||
39 | 41 | 42 | 44 | 45 | 48 | 50 | 51 | 53 | 55 | 56 | 58 |
Common Stock, Dividends, Per Share, Declared | |||||||||||
2.95 | 2.43 | 1.96 | 1.65 | 1.38 | 1.14 | 0.92 | 0.76 | 0.72 | 0.60 | 0.56 | 0.56 |