Financial Statements

  Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Restated)
Net Sales 1.74M 1.70M 1.64M 1.58M
Revenue 1.74M 1.70M 1.64M 1.58M
Total Revenue 1.74M 1.70M 1.64M 1.58M
Cost of Revenue 574.70 542.60 544.70 530.10
Cost of Revenue, Total 574.70 542.60 544.70 530.10
Gross Profit 1.17M 1.16M 1.09M 1.05M
Selling/General/Administrative Expense 673.10 711.20 664.40 575.60
Selling/General/Administrative Expenses, Total 673.10 711.20 664.40 575.60
Depreciation 79.70 68.60 58.70 52.50
Depreciation/Amortization 79.70 68.60 58.70 52.50
Restructuring Charge 32.10 22.10 32.30 14.90
Other Unusual Expense (Income) 0.70 96.90 7.20 28.60
Unusual Expense (Income) 32.80 119.00 39.50 43.50
Total Operating Expense 1.36M 1.44M 1.31M 1.20M
Operating Income 382.20 262.30 329.80 382.80
Interest Expense - Non-Operating -59.70 -53.10 -51.00 -43.30
Interest Expense, Net Non-Operating -59.70 -53.10 -51.00 -43.30
Interest Income, Non-Operating 1.60 1.80 1.60 1.60
Investment Income, Non-Operating -16.10 -7.60
Interest/Investment Income, Non-Operating 1.60 1.80 -14.50 -6.00
Interest Income (Expense), Net-Non-Operating, Total -58.10 -51.30 -65.50 -49.30
Gain (Loss) on Sale of Assets
Other Non-Operating Income (Expense) -1.40 -7.40 15.70 6.70
Other, Net -1.40 -7.40 15.70 6.70
Net Income Before Taxes 322.70 203.60 280.00 340.20
Income Tax – Total 99.00 99.90 74.20 54.30
Income After Tax 223.70 103.70 205.80 285.90
Minority Interest -4.10 -5.00 -4.30 -3.50
Equity In Affiliates 2.80 2.80 2.70 1.90
Net Income Before Extraordinary Items 222.40 101.50 204.20 284.30
Discontinued Operations -0.80 -4.10 -35.40 10.10
Extraordinary Item -80.70
Total Extraordinary Items -81.50 -4.10 -35.40 10.10
Net Income 140.90 97.40 168.80 294.40
Miscellaneous Earnings Adjustment
Total Adjustments to Net Income
Income Available to Common Excluding Extraordinary Items 222.40 101.50 204.20 284.30
Income Available to Common Stocks Including Extraordinary Items 140.90 97.40 168.80 294.40
Basic Weighted Average Shares 36.90 36.50 36.10 36.50
Basic EPS Excluding Extraordinary Items 6.03 2.78 5.66 7.79
Basic EPS Including Extraordinary Items 3.82 2.67 4.68 8.07
Dilution Adjustment 0.12
Diluted Net Income 140.90 97.52 168.80 294.40
Diluted Weighted Average Shares 37.20 36.80 36.40 36.90
Diluted EPS Excluding Extraordinary Items 5.98 2.76 5.61 7.70
Diluted EPS Including Extraordinary Items 3.79 2.65 4.64 7.98
DPS - Common Stock Primary Issue 2.01 1.93 1.85 1.76
Gross Dividends - Common Stock 74.70 70.60 67.10 64.20
Impairment-Assets Held for Sale, Supplemental -- -- --
Impairment-Assets Held for Use, Supplemental -- 2.40
Other Unusual Expense (Income), Supplemental 16.00 11.50 1.60 3.70
Non-Recurring Items, Total 16.00 13.90 1.60 3.70
Total Special Items 48.80 132.90 41.10 47.20
Normalized Income Before Taxes 371.50 336.50 321.10 387.40
Effect of Special Items on Income Taxes 14.97 65.21 10.89 7.53
Income Taxes Excluding Impact of Special Items 113.97 165.11 85.09 61.83
Normalized Income After Taxes 257.53 171.39 236.01 325.57
Normalized Income Available to Common 256.23 169.19 234.41 323.97
Basic Normalized EPS 6.94 4.64 6.49 8.88
Diluted Normalized EPS 6.89 4.60 6.44 8.78
Amortization of Intangibles, Supplemental 67.50 59.30 50.90
Depreciation, Supplemental 12.20 9.30 7.80 52.50
Interest Expense, Supplemental 59.70 53.10 51.00 43.30
Rental Expense, Supplemental 33.10 32.40 27.40 25.40
Stock-Based Compensation, Supplemental 20.50 21.20 14.70 11.20
Equity in Affiliates, Supplemental 2.80 2.80 2.70 1.90
Minority Interest, Supplemental -4.10 -5.00 -4.30 -3.50
Audit-Related Fees, Supplemental 4.78 4.77 5.09
Audit-Related Fees 0.77 0.65 0.44
Tax Fees, Supplemental 0.73 0.23 0.20
All Other Fees Paid to Auditor, Supplemental 0.02 0.14 0.02
Gross Margin 67.02 68.15 66.73 66.54
Operating Margin 21.93 15.40 20.15 24.16
Pretax Margin 18.52 11.95 17.10 21.47
Effective Tax Rate 30.68 49.07 26.50 15.96
Net Profit Margin 12.76 5.96 12.47 17.94
Normalized EBIT 431.00 395.20 370.90 430.00
Normalized EBITDA 510.70 463.80 429.60 482.50
Current Tax - Domestic 92.70 47.80 23.60 2.60
Current Tax - Foreign 33.80 26.10 18.20 21.60
Current Tax - Local 8.30 5.90 6.70 11.60
Current Tax - Total 134.80 79.80 48.50 35.80
Deferred Tax - Domestic -33.10 16.20 19.60 6.50
Deferred Tax - Foreign -2.40 2.50 5.10 7.70
Deferred Tax - Local -0.30 1.40 1.00 4.30
Deferred Tax - Total -35.80 20.10 25.70 18.50
Income Tax - Total 99.00 99.90 74.20 54.30
Interest Cost - Domestic 57.90 59.70 73.80
Service Cost - Domestic 2.80 3.00 4.20
Prior Service Cost - Domestic 0.20 0.20 0.20
Expected Return on Assets - Domestic -94.30 -96.50 -102.60
Actuarial Gains and Losses - Domestic 40.20 38.80 42.50
Curtailments & Settlements - Domestic -- -- --
Domestic Pension Plan Expense 6.80 5.20 18.10
Other Pension, Net - Foreign
Foreign Pension Plan Expense
Interest Cost - Post-Retirement 0.40 0.40 0.50
Service Cost - Post-Retirement 0.60 0.70 0.80
Prior Service Cost - Post-Retirement -0.90 -1.60 -1.60
Expected Return on Assets - Post-Retirement -- -- --
Actuarial Gains and Losses - Post-Retirement -1.60 -1.60 -1.30
Curtailments & Settlements - Post-Retirement -- -- --
Post-Retirement Plan Expense -1.50 -2.10 -1.60
Defined Contribution Expense - Domestic
Total Pension Expense 5.30 3.10 16.50
Discount Rate - Domestic 3.61
Discount Rate - Post-Retirement 2.95
Expected Rate of Return - Domestic 7.39
Compensation Rate - Domestic 5.97
Total Plan Interest Cost 58.30 60.10 74.30
Total Plan Service Cost 3.40 3.70 5.00
Total Plan Expected Return -94.30 -96.50 -102.60
Total Plan Other Expense

In millions of USD (except for per share items)

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