XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 779.3 [1] $ 690.6 [1]
Cost of sales 429.2 388.1
Gross Profit 350.1 302.5
Marketing expenses 78.9 68.0
Selling, general and administrative expenses 101.9 91.8
Income from Operations 169.3 142.7
Equity in earnings of affiliates 0.6 2.5
Investment earnings 0.7 0.5
Other income (loss), net (0.4) 0.2
Interest expense (7.0) (2.7)
Income before Income Taxes 163.2 [2] 143.2 [3]
Income taxes 55.5 47.4
Net Income $ 107.7 $ 95.8
Weighted average shares outstanding - Basic 138.3 142.3
Weighted average shares outstanding - Diluted 140.9 144.9
Net income per share - Basic $ 0.78 $ 0.67
Net income per share - Diluted $ 0.76 $ 0.66
Cash dividends per share $ 0.28 $ 0.24
[1] Intersegment sales from Consumer International to Consumer Domestic were $0.9 million and $1.1 million for the quarters ended March 31, 2013 and March 31, 2012, respectively.
[2] In determining Income before Income Taxes, interest expense, investment earnings and other income (expense) were allocated among the segments based upon each segment's relative operating profit.
[3] Corporate consists of equity in earnings (loss) of affiliates from Armand, ArmaKleen and Natronx.