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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 12,562.0 $ 12,222.1 $ 11,531.1
Cost of sales (including special charges of (a)) 7,045.8 6,875.3 6,414.6
Selling, general and administrative expenses 3,550.8 3,505.8 3,364.3
Special (gains) and charges 120.2 112.7 4.9
Operating income 1,845.2 1,728.3 1,747.3
Other (income) expense (b) (77.0) (79.9) (67.3)
Interest expense, net (c) 190.7 221.1 254.6
Income before income taxes 1,731.5 1,587.1 1,560.0
Provision for income taxes 288.6 321.2 189.8
Net income from continuing operations including noncontrolling interest 1,442.9 1,265.9 1,370.2
Net income from continuing operations attributable to noncontrolling interest 17.3 15.6 17.9
Net income from continuing operations attributable to Ecolab 1,425.6 1,250.3 1,352.3
Net income from discontinued operations, net of tax (Note 5) (d) 133.3 178.8 152.3
Net income attributable to Ecolab $ 1,558.9 $ 1,429.1 $ 1,504.6
Basic      
Continuing operations $ 4.95 $ 4.33 $ 4.67
Discontinued operations 0.46 0.62 0.53
Earnings attributable to Ecolab 5.41 4.95 5.20
Diluted      
Continuing operations 4.87 4.27 4.60
Discontinued operations 0.46 0.61 0.52
Earnings attributable to Ecolab $ 5.33 $ 4.88 $ 5.12
Weighted-average common shares outstanding      
Basic (in shares) 288.1 288.6 289.6
Diluted (in shares) 292.5 292.8 294.0
Product and sold equipment      
Net sales $ 10,129.0 $ 9,903.6 $ 9,351.2
Cost of sales (including special charges of (a)) 5,617.5 5,510.6 5,116.6
Service and lease equipment      
Net sales 2,433.0 2,318.5 2,179.9
Cost of sales (including special charges of (a)) $ 1,428.3 $ 1,364.7 $ 1,298.0