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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales $ 3,018.6 $ 3,224.0 $ 8,724.9 $ 9,317.8
Cost of sales (including special charges of (a)) 1,769.6 1,780.9 5,125.5 5,236.7
Selling, general and administrative expenses 802.6 869.2 2,499.5 2,665.3
Special (gains) and charges 35.0 24.9 120.3 88.8
Operating income 411.4 549.0 979.6 1,327.0
Other (income) expense (15.1) (20.8) (45.6) (62.9)
Interest expense, net (b) 134.8 46.1 241.8 144.6
Income before income taxes 291.7 523.7 783.4 1,245.3
Provision for income taxes 42.4 83.4 103.5 202.1
Net income from continuing operations including noncontrolling interest 249.3 440.3 679.9 1,043.2
Net income from continuing operations attributable to noncontrolling interest 3.1 4.4 12.8 12.3
Net income from continuing operations attributable to Ecolab 246.2 435.9 667.1 1,030.9
Net (loss) income from discontinued operations, net of tax (Note 4) (c)   28.3 (2,172.5) 98.4
Net (loss) income attributable to Ecolab $ 246.2 $ 464.2 $ (1,505.4) $ 1,129.3
Basic        
Continuing operations $ 0.86 $ 1.51 $ 2.32 $ 3.58
Discontinued operations   0.10 (7.56) 0.34
Earnings (loss) attributable to Ecolab 0.86 1.61 (5.24) 3.92
Diluted        
Continuing operations 0.85 1.49 2.29 3.52
Discontinued operations   0.10 (7.47) 0.34
Earnings (loss) attributable to Ecolab $ 0.85 $ 1.59 $ (5.18) $ 3.86
Weighted-average common shares outstanding        
Basic (in shares) 285.4 288.1 287.5 288.0
Diluted (in shares) 288.4 292.8 290.8 292.5
Product and sold equipment        
Net sales $ 2,426.4 $ 2,591.8 $ 7,017.5 $ 7,511.6
Cost of sales (including special charges of (a)) 1,405.4 1,413.0 4,071.6 4,175.7
Service and lease equipment        
Net sales 592.2 632.2 1,707.4 1,806.2
Cost of sales (including special charges of (a)) $ 364.2 $ 367.9 $ 1,053.9 $ 1,061.0