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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 3,958.1 $ 3,669.3 $ 11,381.8 $ 10,516.6
Cost of sales (including special charges (a)) 2,330.5 2,291.6 6,870.5 6,576.1
Selling, general and administrative expenses 1,024.9 876.9 3,026.8 2,731.7
Special (gains) and charges 36.7 17.8 82.2 45.5
Operating income 566.0 483.0 1,402.3 1,163.3
Other (income) expense (b) (14.5) 5.7 (42.0) (32.6)
Interest expense, net 74.3 65.1 226.3 174.1
Income before income taxes 506.2 412.2 1,218.0 1,021.8
Provision for income taxes 96.8 60.2 235.8 182.4
Net income including noncontrolling interest 409.4 352.0 982.2 839.4
Net income attributable to noncontrolling interest 5.4 4.9 15.1 12.1
Net income attributable to Ecolab $ 404.0 $ 347.1 $ 967.1 $ 827.3
Earnings attributable to Ecolab per common share        
Basic (in dollars per share) $ 1.42 $ 1.22 $ 3.39 $ 2.90
Diluted (in dollars per share) $ 1.41 $ 1.21 $ 3.38 $ 2.88
Weighted-average common shares outstanding        
Basic (in shares) 285.1 284.9 284.9 285.4
Diluted (in shares) 286.9 286.3 286.4 287.0
Product and equipment sales        
Net sales $ 3,170.9 $ 2,963.0 $ 9,152.0 $ 8,473.9
Cost of sales (including special charges (a)) 1,868.1 1,877.1 5,561.7 5,371.7
Service and lease sales        
Net sales 787.2 706.3 2,229.8 2,042.7
Cost of sales (including special charges (a)) $ 462.4 $ 414.5 $ 1,308.8 $ 1,204.4