Fundamentals - Annual Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Reclassified) Year Ending Dec 2015 (Update)
Net Sales 1,393.80 1,360.90 1,376.90 1,418.30 1,449.90
Revenue 1,393.80 1,360.90 1,376.90 1,418.30 1,449.90
Total Revenue 1,393.80 1,360.90 1,376.90 1,418.30 1,449.90
Cost of Revenue 472.10 452.70 459.30 461.80 482.00
Cost of Revenue, Total 472.10 452.70 459.30 461.80 482.00
Gross Profit 921.70 908.20 917.60 956.50 967.90
Selling/General/Administrative Expense 243.00 240.80 244.00 243.60 279.60
Selling/General/Administrative Expenses, Total 243.00 240.80 244.00 243.60 279.60
Depreciation 331.90 321.90 307.30 297.20 290.50
Depreciation/Amortization 331.90 321.90 307.30 297.20 290.50
Investment Income - Operating -- -0.10 -- -1.10 --
Interest/Investment Income - Operating -- -0.10 -- -1.10 --
Interest Expense (Income), Net-Operating, Total -- -0.10 -- -1.10 --
Other Operating Expense 31.30 -- -- -- --
Other, Net -- 33.10 34.40 43.80 38.40
Other Operating Expenses, Total 31.30 33.10 34.40 43.80 38.40
Total Operating Expense 1,078.30 1,048.40 1,045.00 1,045.30 1,090.50
Operating Income 315.50 312.50 331.90 373.00 359.40
Interest Expense - Non-Operating -- -- -163.60 -- -156.20
Interest Expense, Net Non-Operating -- -- -163.60 -- -156.20
Interest Income, Non-Operating -- -- 3.10 -- 1.10
Investment Income, Non-Operating -1.70 0.80 13.30 -1.80 -6.90
Interest/Investment Income, Non-Operating -1.70 0.80 16.40 -1.80 -5.80
Interest Income (Expense), Net Non-Operating -186.60 -171.60 -5.30 -148.90 0.80
Interest Income (Expense), Net-Non-Operating, Total -188.30 -170.80 -152.50 -150.70 -161.20
Gain (Loss) on Sale of Assets 62.10 72.80 54.10 98.00 79.20
Other Non-Operating Income (Expense) -6.20 -19.40 -19.10 -14.90 -7.10
Other, Net -6.20 -19.40 -19.10 -14.90 -7.10
Net Income Before Taxes 183.10 195.10 214.40 305.40 270.30
Income Tax – Total 48.40 50.60 72.20 95.70 110.90
Income After Tax 134.70 144.50 142.20 209.70 159.40
Equity In Affiliates 76.50 50.30 43.90 47.40 45.90
Net Income Before Extraordinary Items 211.20 194.80 186.10 257.10 205.30
Extraordinary Item 0.00 16.50 315.90 0.00 --
Total Extraordinary Items 0.00 16.50 315.90 0.00 --
Net Income 211.20 211.30 502.00 257.10 205.30
Income Available to Common Excluding Extraordinary Items 211.20 194.80 186.10 257.10 205.30
Income Available to Common Stocks Including Extraordinary Items 211.20 211.30 502.00 257.10 205.30
Basic Weighted Average Shares 35.70 37.60 38.80 40.50 43.10
Basic EPS Excluding Extraordinary Items 5.92 5.18 4.80 6.35 4.76
Basic EPS Including Extraordinary Items 5.92 5.62 12.94 6.35 4.76
Dilution Adjustment -- -- -- -- 0.12
Diluted Net Income 211.20 211.30 502.00 257.10 205.42
Diluted Weighted Average Shares 36.40 38.30 39.40 40.90 43.80
Diluted EPS Excluding Extraordinary Items 5.80 5.09 4.72 6.29 4.69
Diluted EPS Including Extraordinary Items 5.80 5.52 12.74 6.29 4.69
DPS - Common Stock Primary Issue 1.84 1.76 1.68 1.60 1.52
Gross Dividends - Common Stock 68.50 69.00 68.20 68.10 68.00
Litigation Charge, Supplemental -- -- -- -- 0.00
Non-Recurring Items, Total -- -- -- -- 0.00
Total Special Items -62.10 -72.80 -54.10 -98.00 -79.20
Normalized Income Before Taxes 121.00 122.30 160.30 207.40 191.10
Effect of Special Items on Income Taxes -16.42 -18.88 -18.22 -30.71 -32.49
Income Taxes Excluding Impact of Special Items 31.98 31.72 53.98 64.99 78.41
Normalized Income After Taxes 89.02 90.58 106.32 142.41 112.69
Normalized Income Available to Common 165.52 140.88 150.22 189.81 158.59
Basic Normalized EPS 4.64 3.75 3.87 4.69 3.68
Diluted Normalized EPS 4.55 3.68 3.81 4.64 3.62
Depreciation, Supplemental 343.50 338.20 322.70 310.20 303.30
Interest Expense, Supplemental 0.30 -- 163.60 -- 156.20
Rental Expense, Supplemental 114.40 115.10 127.00 149.10 178.40
Stock-Based Compensation, Supplemental 19.30 19.30 14.30 15.80 11.60
Equity in Affiliates, Supplemental 76.50 50.30 43.90 47.40 45.90
Audit-Related Fees, Supplemental -- 2.57 2.61 2.75 2.43
Audit-Related Fees -- 0.14 0.14 0.13 0.13
Tax Fees, Supplemental -- 0.04 0.06 0.04 0.03
All Other Fees Paid to Auditor, Supplemental -- 0.00 0.00 0.00 0.00
Gross Margin 66.13 66.74 66.64 67.44 66.76
Operating Margin 22.64 22.96 24.10 26.30 24.79
Pretax Margin 13.14 14.34 15.57 21.53 18.64
Effective Tax Rate 26.43 25.94 33.68 31.34 41.03
Net Profit Margin 15.15 14.31 13.52 18.13 14.16
Normalized EBIT 315.50 312.40 331.90 371.90 359.40
Normalized EBITDA 659.00 650.60 654.60 682.10 662.70
Current Tax - Domestic -1.70 -3.30 -1.10 6.00 5.60
Current Tax - Foreign 19.60 17.50 18.00 16.90 15.30
Current Tax - Local -0.10 0.70 -0.10 0.00 -0.20
Current Tax - Total 17.80 14.90 16.80 22.90 20.70
Deferred Tax - Domestic 16.70 18.60 45.90 55.80 44.70
Deferred Tax - Foreign 9.90 8.40 8.30 6.50 11.80
Deferred Tax - Local 4.00 8.70 1.20 10.50 33.70
Deferred Tax - Total 30.60 35.70 55.40 72.80 90.20
Income Tax - Total 48.40 50.60 72.20 95.70 110.90
Interest Cost - Domestic 15.20 14.70 15.40 15.30 19.60
Service Cost - Domestic 6.50 8.20 6.50 6.10 7.40
Prior Service Cost - Domestic 0.00 0.00 0.00 -1.00 -1.00
Expected Return on Assets - Domestic -22.00 -22.20 -24.00 -25.60 -25.80
Actuarial Gains and Losses - Domestic 7.90 10.00 9.30 10.50 14.80
Curtailments & Settlements - Domestic 0.00 2.10 -- -- --
Domestic Pension Plan Expense 7.60 12.80 7.20 5.30 15.00
Interest Cost - Post-Retirement 0.90 1.00 1.10 0.90 1.30
Service Cost - Post-Retirement 0.20 0.20 0.20 0.20 0.20
Prior Service Cost - Post-Retirement -0.20 -0.10 -0.20 -0.20 -0.10
Expected Return on Assets - Post-Retirement 0.00 0.00 0.00 0.00 0.00
Actuarial Gains and Losses - Post-Retirement -0.10 0.00 -0.30 -0.30 -0.20
Post-Retirement Plan Expense 0.80 1.10 0.80 0.60 1.20
Defined Contribution Expense - Domestic -- 2.20 1.90 1.80 1.90
Total Pension Expense 8.40 16.10 9.90 7.70 18.10
Discount Rate - Domestic 0.00 3.68 4.23 4.47 4.05
Discount Rate - Foreign 2.60 2.40 2.60 3.60 3.20
Discount Rate - Post-Retirement -- 0.00 3.67 3.94 3.65
Expected Rate of Return - Domestic 6.20 5.90 6.25 6.80 6.50
Expected Rate of Return - Foreign 4.00 4.10 4.20 4.80 --
Compensation Rate - Domestic 3.00 2.50 2.50 2.50 2.50
Compensation Rate - Foreign -- -- -- 3.00 2.90
Pension Payment Rate - Domestic 3.20 3.10 3.20 3.00 2.90
Pension Payment Rate - Foreign -- -- -- -- --
Total Plan Interest Cost 16.10 15.70 16.50 16.20 20.90
Total Plan Service Cost 6.70 8.40 6.70 6.30 7.60
Total Plan Expected Return -22.00 -22.20 -24.00 -25.60 -25.80
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