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Income Statement
| Year Ending Dec 2017 (Update) | Year Ending Dec 2016 (Update) | Year Ending Dec 2015 (Update) | Year Ending Dec 2014 (Update) | Year Ending Dec 2013 (Update) | |
|---|---|---|---|---|---|
| Net Sales | 19,520.97 | 19,036.53 | 18,114.05 | 21,531.58 | 27,351.57 |
| Revenue | 19,520.97 | 19,036.53 | 18,114.05 | 21,531.58 | 27,351.57 |
| Total Revenue | 19,520.97 | 19,036.53 | 18,114.05 | 21,531.58 | 27,351.57 |
| Cost of Revenue | 18,902.48 | 18,246.21 | 17,019.35 | 20,132.54 | 25,986.38 |
| Cost of Revenue, Total | 18,902.48 | 18,246.21 | 17,019.35 | 20,132.54 | 25,986.38 |
| Gross Profit | 618.49 | 790.32 | 1,094.70 | 1,399.03 | 1,365.19 |
| Selling/General/Administrative Expense | 197.60 | 188.19 | 163.14 | 179.39 | 175.15 |
| Selling/General/Administrative Expenses, Total | 197.60 | 188.19 | 163.14 | 179.39 | 175.15 |
| Interest Expense - Operating | 67.64 | 69.69 | 44.77 | 29.68 | 26.89 |
| Interest Expense, Net - Operating | 67.64 | 69.69 | 44.77 | 29.68 | 26.89 |
| Interest Income - Operating | -27.78 | -17.05 | -16.69 | -18.27 | -14.44 |
| Investment Income - Operating | -5.42 | 2.89 | 5.19 | 3.32 | -- |
| Interest/Investment Income - Operating | -33.19 | -14.16 | -11.50 | -14.95 | -14.44 |
| Interest Expense (Income), Net-Operating, Total | 34.45 | 55.53 | 33.27 | 14.74 | 12.44 |
| Loss (Gain) on Sale of Assets - Operating | 0.00 | 0.00 | -68.16 | -- | -- |
| Other Unusual Expense (Income) | 0.00 | 0.00 | 239.90 | -- | -- |
| Unusual Expense (Income) | 0.00 | 0.00 | 171.73 | -- | -- |
| Total Operating Expense | 19,134.53 | 18,489.93 | 17,387.50 | 20,326.67 | 26,173.97 |
| Operating Income | 386.44 | 546.60 | 726.55 | 1,204.91 | 1,177.60 |
| Net Income Before Taxes | 386.44 | 546.60 | 726.55 | 1,204.91 | 1,177.60 |
| Income Tax – Total | 45.97 | 219.15 | 245.89 | 352.82 | 354.57 |
| Income After Tax | 340.47 | 327.45 | 480.66 | 852.09 | 823.03 |
| Minority Interest | -73.09 | -46.05 | -62.49 | -136.63 | -155.32 |
| Net Income Before Extraordinary Items | 267.38 | 281.40 | 418.17 | 715.46 | 667.71 |
| Discontinued Operations | 0.00 | 0.00 | -5.66 | -204.55 | -- |
| Extraordinary Item | -76.00 | -- | -- | -- | -- |
| Total Extraordinary Items | -76.00 | 0.00 | -5.66 | -204.55 | -- |
| Net Income | 191.38 | 281.40 | 412.51 | 510.91 | 667.71 |
| Miscellaneous Earnings Adjustment | -- | -- | -- | -- | -- |
| Total Adjustments to Net Income | -- | -- | -- | -- | -- |
| Income Available to Common Excluding Extraordinary Items | 267.38 | 281.40 | 418.17 | 715.46 | 667.71 |
| Income Available to Common Stocks Including Extraordinary Items | 191.38 | 281.40 | 412.51 | 510.91 | 667.71 |
| Basic Weighted Average Shares | 139.76 | 139.17 | 144.81 | 157.49 | 162.57 |
| Basic EPS Excluding Extraordinary Items | 1.91 | 2.02 | 2.89 | 4.54 | 4.11 |
| Basic EPS Including Extraordinary Items | 1.37 | 2.02 | 2.85 | 3.24 | 4.11 |
| Dilution Adjustment | -- | -- | -- | -- | 0.00 |
| Diluted Net Income | 191.38 | 281.40 | 412.51 | 510.91 | 667.71 |
| Diluted Weighted Average Shares | 140.89 | 140.91 | 146.72 | 159.62 | 164.35 |
| Diluted EPS Excluding Extraordinary Items | 1.90 | 2.00 | 2.85 | 4.48 | 4.06 |
| Diluted EPS Including Extraordinary Items | 1.36 | 2.00 | 2.81 | 3.20 | 4.06 |
| DPS - Common Stock Primary Issue | 0.84 | 0.84 | 0.84 | 0.84 | 0.64 |
| Gross Dividends - Common Stock | 118.60 | 118.27 | 122.61 | 132.61 | 86.67 |
| (Gain) Loss on Sale of Assets, Supplemental | -- | -- | -- | -- | -- |
| Other Unusual Expense (Income), Supplemental | -- | -- | -- | -- | -- |
| Non-Recurring Items, Total | -- | -- | -- | -- | -- |
| Total Special Items | 0.00 | 0.00 | 171.73 | -- | -- |
| Normalized Income Before Taxes | 386.44 | 546.60 | 898.29 | 1,204.91 | 1,177.60 |
| Effect of Special Items on Income Taxes | 0.00 | 0.00 | 58.12 | -- | -- |
| Income Taxes Excluding Impact of Special Items | 45.97 | 219.15 | 304.01 | 352.82 | 354.57 |
| Normalized Income After Taxes | 340.47 | 327.45 | 594.28 | 852.09 | 823.03 |
| Normalized Income Available to Common | 267.38 | 281.40 | 531.78 | 715.46 | 667.71 |
| Basic Normalized EPS | 1.91 | 2.02 | 3.67 | 4.54 | 4.11 |
| Diluted Normalized EPS | 1.90 | 2.00 | 3.62 | 4.48 | 4.06 |
| Amortization of Intangibles, Supplemental | 19.16 | 14.82 | 1.04 | 0.89 | 0.77 |
| Depreciation, Supplemental | 206.11 | 211.10 | 188.70 | 191.70 | 206.33 |
| Interest Expense, Supplemental | 67.64 | 69.69 | 44.77 | 29.68 | 26.89 |
| Rental Expense, Supplemental | 144.00 | 152.00 | 169.00 | 218.00 | -- |
| Stock-Based Compensation, Supplemental | 52.62 | 29.32 | -6.85 | 14.76 | 56.21 |
| Minority Interest, Supplemental | -73.09 | -46.05 | -62.49 | -136.63 | -155.32 |
| Audit-Related Fees, Supplemental | 8.90 | 8.30 | 8.20 | 8.00 | 7.30 |
| Audit-Related Fees | 0.60 | 0.70 | 0.90 | 0.60 | 1.00 |
| Tax Fees, Supplemental | 0.20 | 0.50 | 0.70 | 0.20 | 0.30 |
| All Other Fees Paid to Auditor, Supplemental | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Margin | 3.17 | 4.15 | 6.04 | 6.50 | 4.99 |
| Operating Margin | 1.98 | 2.87 | 4.01 | 5.60 | 4.31 |
| Pretax Margin | 1.98 | 2.87 | 4.01 | 5.60 | 4.31 |
| Effective Tax Rate | 11.90 | 40.09 | 33.84 | 29.28 | 30.11 |
| Net Profit Margin | 1.37 | 1.48 | 2.31 | 3.32 | 2.44 |
| Normalized EBIT | 420.89 | 602.13 | 931.56 | 1,219.64 | 1,190.04 |
| Normalized EBITDA | 646.16 | 828.04 | 1,121.30 | 1,412.24 | 1,397.14 |
| Current Tax - Domestic | -119.88 | 120.80 | 22.47 | 126.49 | 200.61 |
| Current Tax - Foreign | 145.06 | 95.20 | 203.13 | 151.24 | 168.89 |
| Current Tax - Local | -3.50 | 11.07 | 15.62 | 13.00 | 14.78 |
| Current Tax - Total | 21.69 | 227.06 | 241.21 | 290.73 | 384.28 |
| Deferred Tax - Domestic | -60.28 | 58.60 | 8.87 | 74.04 | -29.87 |
| Deferred Tax - Foreign | 75.69 | -65.66 | -5.63 | -10.35 | 2.05 |
| Deferred Tax - Local | 8.88 | -0.86 | 1.44 | -1.60 | -1.89 |
| Deferred Tax - Total | 24.29 | -7.91 | 4.68 | 62.08 | -29.71 |
| Income Tax - Total | 45.97 | 219.15 | 245.89 | 352.82 | 354.57 |
| Interest Cost - Domestic | 0.00 | 0.00 | 16.12 | 31.68 | 29.10 |
| Service Cost - Domestic | 0.00 | 0.00 | 6.80 | 3.80 | 6.45 |
| Prior Service Cost - Domestic | 0.00 | 0.00 | 0.87 | 0.75 | 0.10 |
| Expected Return on Assets - Domestic | 0.00 | 0.00 | -19.71 | -30.11 | -30.98 |
| Actuarial Gains and Losses - Domestic | 0.00 | 0.00 | 9.71 | 4.44 | 6.04 |
| Curtailments & Settlements - Domestic | -- | -- | -- | 0.00 | -0.31 |
| Domestic Pension Plan Expense | 0.00 | 0.00 | 13.79 | 10.56 | 10.41 |
| Interest Cost - Foreign | 22.53 | 26.44 | 26.51 | 34.54 | 32.18 |
| Service Cost - Foreign | 18.78 | 19.51 | 20.52 | 16.22 | 15.39 |
| Prior Service Cost - Foreign | -0.83 | -0.81 | -0.81 | 0.00 | 0.00 |
| Expected Return on Assets - Foreign | -40.27 | -39.54 | -49.07 | -48.08 | -46.42 |
| Actuarial Gains and Losses - Foreign | 7.89 | 8.82 | 7.68 | 7.74 | 6.79 |
| Curtailments & Settlements - Foreign | 8.28 | 0.40 | 0.00 | 0.00 | 0.00 |
| Foreign Pension Plan Expense | 16.37 | 14.81 | 4.83 | 10.41 | 7.93 |
| Interest Cost - Post-Retirement | -- | -- | -- | 0.39 | 0.35 |
| Service Cost - Post-Retirement | -- | -- | -- | 0.00 | 0.00 |
| Prior Service Cost - Post-Retirement | -- | -- | -- | 0.00 | 0.00 |
| Expected Return on Assets - Post-Retirement | -- | -- | -- | 0.00 | 0.00 |
| Actuarial Gains and Losses - Post-Retirement | -- | -- | 0.04 | 0.15 | 0.34 |
| Other Post-Retirement, Net | -- | -- | -- | -- | -- |
| Post-Retirement Plan Expense | -- | -- | 0.04 | 0.54 | 0.69 |
| Defined Contribution Expense - Domestic | -- | -- | -- | 150.00 | 151.00 |
| Total Pension Expense | 16.37 | 14.81 | 18.66 | 171.51 | 170.04 |
| Discount Rate - Domestic | 1.90 | 1.90 | 2.20 | 4.95 | 4.05 |
| Discount Rate - Foreign | -- | -- | -- | 3.55 | 3.60 |
| Expected Rate of Return - Domestic | 1.90 | 4.30 | 4.90 | 4.55 | 4.25 |
| Expected Rate of Return - Foreign | 7.00 | 7.00 | 8.00 | 5.00 | 5.00 |
| Compensation Rate - Domestic | 2.25 | 2.25 | 2.25 | -- | 0.00 |
| Compensation Rate - Foreign | 7.00 | 7.00 | 7.00 | 2.25 | 2.25 |
| Total Plan Interest Cost | 22.53 | 26.44 | 42.63 | 66.60 | 61.63 |
| Total Plan Service Cost | 18.78 | 19.51 | 27.32 | 20.02 | 21.84 |
| Total Plan Expected Return | -40.27 | -39.54 | -68.78 | -78.18 | -77.40 |
| Total Plan Other Expense | -- | -- | -- | -- | -- |
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