| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Jan'16 | Jan'15 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|
Net sales | |||||||||
8,536 | 8,064 | 7,963 | 7,561 | 7,651 | 7,916 | 2,608 | 2,634 | 2,533 | 2,551 |
Cost of sales | |||||||||
7,292 | 6,954 | 6,818 | 6,449 | 6,536 | 6,759 | 2,062 | 2,078 | 1,976 | 1,993 |
Gross profit | |||||||||
1,243 | 1,110 | 1,144 | 1,111 | 1,115 | 1,156 | 545 | 556 | 556 | 558 |
Operating expenses | |||||||||
Selling, general and administrative | |||||||||
1,172 | 997 | 1,015 | 963 | 975 | 1,022 | 482 | 489 | 488 | 493 |
Merger/acquisition and integration | |||||||||
1 | 4 | 8 | 6 | 8 | 12 | - | - | - | - |
Goodwill impairment | |||||||||
- | - | 189 | - | - | - | - | - | - | - |
Restructuring, asset impairment and other charges | |||||||||
13 | 37 | 39 | 32 | 8 | 6 | 1 | -0 | 0 | 6 |
Total operating expenses | |||||||||
1,186 | 1,039 | 1,251 | 1,002 | 992 | 1,041 | 484 | 489 | 488 | 499 |
Operating earnings (loss) | |||||||||
56 | 70 | -106 | 109 | 122 | 114 | 60 | 66 | 67 | 58 |
Other (income) and expenses | |||||||||
Interest expense | |||||||||
34 | 30 | 25 | 19 | 21 | 24 | 13 | 15 | 15 | 16 |
Loss on debt extinguishment | |||||||||
-0 | - | -0 | -0 | -1 | - | -5 | - | - | - |
Postretirement benefit expense (income) | |||||||||
19 | 0 | -0 | - | - | - | - | - | - | - |
Other, net | |||||||||
1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total other expenses, net | |||||||||
-53 | -29 | -24 | -19 | -22 | -24 | -17 | -14 | -15 | -16 |
Earnings (loss) before income taxes and discontinued operations | |||||||||
3 | 40 | -131 | 89 | 100 | 90 | 43 | 51 | 52 | 42 |
Income tax (benefit) expense | |||||||||
-2 | 6 | -79 | 32 | 37 | 31 | 15 | 19 | 20 | 16 |
Earnings (loss) from continuing operations | |||||||||
5 | 33 | -52 | 57 | 63 | 59 | 27 | 31 | 32 | 25 |
Loss from discontinued operations, net of taxes | |||||||||
-0 | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 | -0 |
Net earnings (loss) | |||||||||
5 | 33 | -52 | 56 | 62 | 58 | 27 | 31 | 32 | 25 |
Basic earnings (loss) per share: | |||||||||
Earnings (loss) from continuing operations | |||||||||
0.16 | 0.94 | -1.41 | 1.52 | 1.68 | 1.57 | 1.28 | 1.40 | 1.44 | 1.16 |
Loss from discontinued operations | |||||||||
- | -0.01 | - | - | -0.01 | -0.01 | -0.02 | -0.01 | -0.01 | -0.02 |
Net earnings (loss) | |||||||||
0.16 | 0.93 | -1.41 | 1.52 | 1.67 | 1.56 | 1.26 | 1.39 | 1.43 | 1.14 |
Diluted earnings (loss) per share: | |||||||||
Earnings (loss) from continuing operations | |||||||||
0.16 | 0.94 | -1.41 | 1.52 | 1.67 | 1.57 | 1.27 | 1.39 | 1.43 | 1.15 |
Loss from discontinued operations | |||||||||
- | -0.01 | - | -0.01 | -0.01 | -0.02 | -0.02 | - | -0.01 | -0.01 |
Net earnings (loss) | |||||||||
0.16 | 0.93 | -1.41 | 1.51 | 1.66 | 1.55 | 1.25 | 1.39 | 1.42 | 1.14 |
Basic | |||||||||
- | - | - | - | - | - | - | - | 22 | 22 |
Diluted | |||||||||
- | - | - | - | - | - | - | - | 22 | 22 |