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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales (including sales to related parties, see note 7) $ 1,818.0 $ 1,837.2 $ 3,571.4 $ 3,678.4
Operating cost and expenses:        
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) 867.3 851.7 1,711.4 1,728.2
Selling, general and administrative 30.9 26.2 59.4 50.3
Depreciation, amortization and depletion 198.8 162.6 380.4 324.6
Exploration 7.4 9.1 12.9 14.3
Total operating costs and expenses 1,104.4 1,049.6 2,164.1 2,117.4
Operating income 713.6 787.6 1,407.3 1,561.0
Interest expense (90.2) (90.2) (180.3) (180.5)
Capitalized interest 6.2 21.6 18.5 42.6
Other income (expense) 23.0 (3.1) 28.3 (5.5)
Interest income 4.4 2.8 8.1 5.4
Income before income taxes 657.0 718.7 1,281.9 1,423.0
Income taxes (including royalty taxes, see Note 4) 251.1 309.1 489.0 545.7
Net income before equity earnings of affiliate 405.9 409.6 792.9 877.3
Equity earnings (loss) of affiliate, net of income tax (1.5) 1.5 0.7 5.6
Net income 404.4 411.1 793.6 882.9
Less: Net income attributable to the non-controlling interest 2.0 1.5 3.0 2.6
Net income attributable to SCC $ 402.4 $ 409.6 $ 790.6 $ 880.3
Per common share amounts attributable to SCC:        
Net earnings-basic and diluted $ 0.52 $ 0.53 $ 1.02 $ 1.14
Dividends declared and paid $ 0.40 $ 0.30 $ 0.80 $ 0.60
Weighted average shares outstanding-basic and diluted 773.0 773.0 773.0 773.0