(Amounts are in millions) |
|
12/2018 |
|
12/2017 |
|
12/2016 |
|
|
Press Release |
|
Press Release |
|
Press Release |
Net Sales or Revenues |
|
$6,405.00 |
|
$6,516.00 |
|
$6,543.00 |
Cost of Goods Sold |
|
$4,730.00 |
|
$4,652.00 |
|
$4,761.00 |
|
|
 |
|
 |
|
 |
Gross Profit |
|
$1,675.00 |
|
$1,864.00 |
|
$1,782.00 |
|
|
|
|
|
|
|
Research & Development Expense |
|
$252.00 |
|
$256.00 |
|
$242.00 |
Selling, General, & Admin. Expense |
|
$1,232.00 |
|
$932.00 |
|
$941.00 |
|
|
 |
|
 |
|
 |
Income Before Depreciation |
|
$191.00 |
|
$676.00 |
|
$599.00 |
|
|
|
|
|
|
|
Depreciation, Depletion, Amortization |
|
N/A |
|
$0.00 |
|
$0.00 |
Non-Operating Income |
|
$16.00 |
|
($31.00) |
|
($50.00) |
Interest Expense |
|
$168.00 |
|
$163.00 |
|
$170.00 |
|
|
 |
|
 |
|
 |
Pretax Income |
|
$39.00 |
|
$482.00 |
|
$379.00 |
|
|
|
|
|
|
|
Provision for Income Taxes |
|
$73.00 |
|
$242.00 |
|
$92.00 |
Minority Interest |
|
$2.00 |
|
$3.00 |
|
$4.00 |
Investment Gains (Losses) |
|
N/A |
|
$0.00 |
|
$0.00 |
Other Income |
|
N/A |
|
$0.00 |
|
$0.00 |
|
|
 |
|
 |
|
 |
Income Before Extraordinaries |
|
($34.00) |
|
$240.00 |
|
$287.00 |
|
|
|
|
|
|
|
Extraordinary Items & Disc. Operations |
|
($52.00) |
|
($5.00) |
|
($13.00) |
|
|
 |
|
 |
|
 |
Net Income |
|
($88.00) |
|
$232.00 |
|
$270.00 |
|
|
 |
|
 |
|
 |
|
|
 |
|
 |
|
 |
|
|
|
|
|
|
|
Basic Earnings Per Share |
|
($1.16) |
|
$1.01 |
|
$1.76 |
Diluted Earnings Per Share |
|
($1.16) |
|
$0.97 |
|
$1.71 |
|
|
|
|
|
|
|
Weighted Average Basic Shares Outstanding |
|
118.40 |
|
121.90 |
|
125.60 |
Weighted Average Diluted Shares Outstanding |
|
118.40 |
|
127.00 |
|
129.20 |
|
|
|
|
|
|
|
Income Before Non-Recurring Items |
|
$359.46 |
|
$520.67 |
|
$440.62 |
Income From Non-Recurring Items |
|
($395.46) |
|
($283.67) |
|
($157.62) |
Diluted Earnings Per Share before extras |
|
$2.62 |
|
$3.20 |
|
$3.02 |
|
|
|
|
|
|
|
Dividend (preferred) |
|
N/A |
|
$108.88 |
|
$48.94 |
Dividend (common) |
|
$0.00 |
|
$0.00 |
|
$0.00 |
Dividend Per Share (common) |
|
$0.00 |
|
$0.00 |
|
$0.00 |