XML 70 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
CONSOLIDATED STATEMENT OF INCOME        
Net sales $ 3,337.8 $ 2,958.7 $ 6,209.9 $ 5,769.6
Cost of sales (including special charges of $15.2 and $17.2 for three months and six months ended 2013 and $3.1 and $79.1 for three months and six months ended 2012) 1,828.6 1,608.9 3,393.5 3,222.9
Selling, general and administrative expenses 1,083.3 981.7 2,079.1 1,971.4
Special (gains) and charges 73.6 41.6 123.3 83.0
Operating income 352.3 326.5 614.0 492.3
Interest expense, net (including special charges of $0.3 and $2.5 for three months and six months ended 2013 and $18.2 for six months ended 2012) 66.2 63.9 127.7 150.0
Income before income taxes 286.1 262.6 486.3 342.3
Provision for income taxes 70.3 79.2 109.5 114.8
Net income including noncontrolling interest 215.8 183.4 376.8 227.5
Less: Net income (loss) attributable to noncontrolling interest (including special charges of $0.5 for the six months ended 2013 and $4.5 for the six months ended 2012) 2.7 (1.1) 4.1 (6.7)
Net income attributable to Ecolab $ 213.1 $ 184.5 $ 372.7 $ 234.2
Earnings attributable to Ecolab per common share        
Basic (in dollars per share) $ 0.71 $ 0.63 $ 1.25 $ 0.80
Diluted (in dollars per share) $ 0.69 $ 0.62 $ 1.23 $ 0.79
Dividends declared per common share (in dollars per share) $ 0.2300 $ 0.2000 $ 0.4600 $ 0.4000
Weighted-average common shares outstanding        
Basic (in shares) 301.5 291.9 298.5 291.7
Diluted (in shares) 307.4 298.2 304.2 298.1