| 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 | |||||||||||
2,957 | 2,965 | 2,845 | 2,780 | 4,616 | 4,666 | 6,999 | 4,306 | 3,456 | 3,030 | 2,692 | 3,351 |
Cost of goods sold | |||||||||||
1,905 | 1,917 | 1,858 | 1,821 | 3,017 | 3,046 | 4,629 | 3,040 | 2,383 | 2,100 | 1,907 | 2,337 |
Gross profit | |||||||||||
1,051 | 1,047 | 987 | 959 | 1,598 | 1,620 | 2,370 | 1,265 | 1,073 | 930 | 785 | 1,014 |
Selling, general and administrative expenses | |||||||||||
540 | 534 | 536 | 531 | 884 | 985 | 1,493 | 1,117 | 694 | 550 | 507 | 606 |
Research and development expenses | |||||||||||
78 | 76 | 73 | 73 | 98 | 96 | 122 | 92 | 78 | 67 | 57 | 62 |
Impairment of goodwill and trade names | |||||||||||
- | - | - | - | - | - | 11 | 60 | 200 | - | - | - |
Legal settlement | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 20 |
Operating Income (Loss) | |||||||||||
432 | 436 | 378 | 354 | 616 | 538 | 742 | -4 | 100 | 312 | 219 | 324 |
Other (income) expense: | |||||||||||
Gain (Loss) on Disposition of Business | |||||||||||
2 | -7 | -4 | -3 | -3 | -0 | 20 | 0 | 0 | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||||
0 | -17 | -101 | 0 | 0 | - | - | -75 | 0 | - | -4 | -4 |
Gain on sale of interest in subsidiaries | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 109 |
Equity income of unconsolidated subsidiaries | |||||||||||
- | - | - | - | 1 | 1 | 2 | 2 | 1 | 2 | -1 | -3 |
Interest income | |||||||||||
- | - | - | - | 4 | 2 | 4 | 2 | 1 | 1 | 0 | 2 |
Interest expense | |||||||||||
- | - | - | - | 106 | 70 | 75 | 70 | 60 | 37 | 42 | 61 |
Other | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Net interest expense | |||||||||||
-30 | -32 | -87 | -140 | - | - | - | - | - | - | - | - |
Other (income) expense | |||||||||||
2 | 0 | -12 | - | - | - | - | - | - | - | - | - |
Other Income | |||||||||||
- | - | - | 10 | - | - | - | - | - | - | - | - |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | |||||||||||
407 | 379 | 172 | 220 | 512 | 470 | 694 | -146 | 43 | 278 | 172 | 367 |
Provision for income taxes | |||||||||||
45 | 58 | 58 | 42 | 115 | 114 | 177 | -67 | 46 | 88 | 56 | 108 |
Net income from continuing operations | |||||||||||
361 | 321 | 114 | 178 | 397 | 356 | 517 | -78 | - | 190 | 116 | 231 |
Loss from discontinued operations, net of tax | |||||||||||
-6 | 25 | 371 | 343 | - | - | 25 | -25 | - | - | - | - |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
355 | 347 | 666 | 522 | -76 | 214 | 542 | -104 | -3 | 189 | 116 | 258 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | |||||||||||
-6 | 25 | 371 | 343 | -466 | 244 | - | - | - | - | - | - |
Loss from discontinued operations, net of tax | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -5 |
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax | |||||||||||
0 | 0 | -181 | -0 | 6 | 385 | 0 | 0 | - | -0 | 0 | 21 |
Noncontrolling interest | |||||||||||
- | - | - | - | - | - | 5 | 2 | 4 | 4 | 0 | 2 |
Net Income (Loss) Attributable to Parent | |||||||||||
355 | 347 | 666 | 522 | -76 | 214 | 536 | -107 | -7 | 184 | 115 | 228 |
Income (Loss) from Continuing Operations Attributable to Pentair plc | |||||||||||
- | - | - | - | - | - | 511 | -81 | - | 185 | 115 | 256 |
Comprehensive income, net of tax | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
355 | 347 | 666 | 522 | -76 | - | 542 | -104 | -3 | 189 | 116 | - |
Changes in cumulative translation adjustment | |||||||||||
-15 | 10 | 497 | -83 | -264 | -336 | -29 | 31 | -93 | -32 | - | - |
Amortization of pension and other post-retirement prior service cost, net of $0, $0 and $0.2 tax, respectively | |||||||||||
- | - | - | - | - | - | -0 | -0 | 0 | -0 | - | - |
Changes in market value of derivative financial instruments, net of tax | |||||||||||
17 | 4 | -4 | -8 | 0 | -0 | -0 | -3 | 4 | 0 | - | - |
Total comprehensive income (loss) | |||||||||||
- | - | - | - | - | - | 512 | -77 | -92 | 157 | - | - |
Less: Comprehensive income attributable to noncontrolling interest | |||||||||||
- | - | - | - | - | - | 8 | 4 | 2 | 2 | - | - |
Comprehensive income | |||||||||||
357 | 362 | 1,159 | 430 | -341 | -121 | 504 | -81 | -94 | 154 | - | - |
Basic | |||||||||||
Continuing operations (in dollars per share) | |||||||||||
2.14 | 1.83 | 0.63 | 0.98 | 2.20 | 1.87 | 2.54 | -0.64 | - | 1.89 | 1.19 | 2.62 |
Discontinued operations (in dollars per share) | |||||||||||
-0.04 | 0.15 | 3.04 | 1.90 | -2.62 | -0.74 | 0.13 | -0.20 | - | -0.01 | - | -0.28 |
Earnings Per Share, Basic | |||||||||||
2.10 | 1.98 | 3.67 | 2.88 | -0.42 | 1.13 | 2.67 | -0.84 | -0.08 | 1.88 | 1.19 | 2.34 |
Diluted | |||||||||||
Continuing operations (in dollars per share) | |||||||||||
2.12 | 1.81 | 0.62 | 0.97 | 2.17 | 1.84 | 2.50 | -0.64 | - | 1.87 | 1.17 | 2.59 |
Discontinued operations (in dollars per share) | |||||||||||
-0.03 | 0.15 | 3.01 | 1.88 | -2.59 | -0.73 | 0.12 | -0.20 | - | -0.01 | - | -0.28 |
Earnings Per Share, Diluted | |||||||||||
2.09 | 1.96 | 3.63 | 2.85 | -0.42 | 1.11 | 2.62 | -0.84 | -0.08 | 1.86 | 1.17 | 2.31 |
Weighted average ordinary shares outstanding | |||||||||||
Basic (shares) | |||||||||||
169 | 175 | 181 | 181 | 180 | 190 | 201 | 127 | 98 | 98 | 97 | 97 |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||||
170 | 177 | 183 | 183 | 182 | 193 | 204 | 127 | 98 | 99 | 98 | 99 |
Cash dividends paid per ordinary share | |||||||||||
- | - | - | - | - | - | - | - | - | 0.76 | - | - |