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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 2,685.7 $ 3,169.1 $ 5,706.3 $ 6,093.8
Cost of sales (including special charges of (a)) 1,635.7 1,780.3 3,355.9 3,455.8
Selling, general and administrative expenses 788.6 900.0 1,696.9 1,796.1
Special (gains) and charges 69.4 24.4 85.3 63.9
Operating income 192.0 464.4 568.2 778.0
Other (income) expense (15.1) (20.9) (30.5) (42.1)
Interest expense, net (b) 58.7 49.2 107.0 98.5
Income before income taxes 148.4 436.1 491.7 721.6
Provision for income taxes 14.1 88.8 61.1 118.7
Net income from continuing operations including noncontrolling interest 134.3 347.3 430.6 602.9
Net income from continuing operations attributable to noncontrolling interest 5.4 3.9 9.7 7.9
Net income from continuing operations attributable to Ecolab 128.9 343.4 420.9 595.0
Net (loss) income from discontinued operations, net of tax (Note 4) (c) (2,163.9) 25.2 (2,172.5) 70.1
Net (loss) income attributable to Ecolab $ (2,035.0) $ 368.6 $ (1,751.6) $ 665.1
Basic        
Continuing operations $ 0.45 $ 1.19 $ 1.46 $ 2.07
Discontinued operations (7.51) 0.09 (7.53) 0.24
Earnings (loss) attributable to Ecolab (7.06) 1.28 (6.07) 2.31
Diluted        
Continuing operations 0.44 1.18 1.44 2.04
Discontinued operations (7.42) 0.08 (7.44) 0.24
Earnings (loss) attributable to Ecolab $ (6.98) $ 1.26 $ (6.00) $ 2.28
Weighted-average common shares outstanding        
Basic (in shares) 288.2 287.6 288.5 287.9
Diluted (in shares) 291.5 292.1 292.0 292.2
Product and sold equipment        
Net sales $ 2,167.1 $ 2,560.0 $ 4,591.1 $ 4,919.8
Cost of sales (including special charges of (a)) 1,301.5 1,422.1 2,666.2 2,762.7
Service and lease equipment        
Net sales 518.6 609.1 1,115.2 1,174.0
Cost of sales (including special charges of (a)) $ 334.2 $ 358.2 $ 689.7 $ 693.1