| (Amounts are in millions) |
|
12/2017 |
|
12/2016 |
|
12/2015 |
|
|
Press Release |
|
Press Release |
|
Press Release |
| Net Sales or Revenues |
|
$6,516.00 |
|
$6,543.00 |
|
$6,373.00 |
| Cost of Goods Sold |
|
$4,652.00 |
|
$4,761.00 |
|
$4,904.00 |
|
|
 |
|
|
|
|
| Gross Profit |
|
$1,864.00 |
|
$1,782.00 |
|
$1,469.00 |
| |
|
|
|
|
|
|
| Research & Development Expense |
|
$256.00 |
|
$242.00 |
|
$230.00 |
| Selling, General, & Admin. Expense |
|
$932.00 |
|
$941.00 |
|
$1,104.00 |
|
|
|
|
|
|
|
| Income Before Depreciation |
|
$676.00 |
|
$599.00 |
|
$135.00 |
| |
|
|
|
|
|
|
| Depreciation, Depletion, Amortization |
|
$0.00 |
|
$0.00 |
|
$0.00 |
| Non-Operating Income |
|
($31.00) |
|
($50.00) |
|
($57.00) |
| Interest Expense |
|
$163.00 |
|
$170.00 |
|
$173.00 |
|
|
|
|
|
|
|
| Pretax Income |
|
$482.00 |
|
$379.00 |
|
($95.00) |
| |
|
|
|
|
|
|
| Provision for Income Taxes |
|
$242.00 |
|
$92.00 |
|
$55.00 |
| Minority Interest |
|
$3.00 |
|
$4.00 |
|
$4.00 |
| Investment Gains (Losses) |
|
$0.00 |
|
$0.00 |
|
$0.00 |
| Other Income |
|
$0.00 |
|
$0.00 |
|
$0.00 |
|
|
|
|
|
|
|
| Income Before Extraordinaries |
|
$240.00 |
|
$287.00 |
|
($150.00) |
| |
|
|
|
|
|
|
| Extraordinary Items & Disc. Operations |
|
($5.00) |
|
($13.00) |
|
($24.00) |
|
|
|
|
|
|
|
| Net Income |
|
$232.00 |
|
$270.00 |
|
($178.00) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Basic Earnings Per Share |
|
$1.01 |
|
$1.76 |
|
($1.09) |
| Diluted Earnings Per Share |
|
$0.97 |
|
$1.71 |
|
($1.09) |
| |
|
|
|
|
|
|
| Weighted Average Basic Shares Outstanding |
|
121.90 |
|
125.60 |
|
167.60 |
| Weighted Average Diluted Shares Outstanding |
|
127.00 |
|
129.20 |
|
167.60 |
| |
|
|
|
|
|
|
| Income Before Non-Recurring Items |
|
$520.67 |
|
$440.62 |
|
$473.26 |
| Income From Non-Recurring Items |
|
($283.67) |
|
($157.62) |
|
($627.26) |
| Diluted Earnings Per Share before extras |
|
$3.20 |
|
$3.02 |
|
$2.80 |
| |
|
|
|
|
|
|
| Dividend (preferred) |
|
$108.88 |
|
$48.94 |
|
$4.68 |
| Dividend (common) |
|
$0.00 |
|
$0.00 |
|
$0.00 |
| Dividend Per Share (common) |
|
$0.00 |
|
$0.00 |
|
$0.00 |
