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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 3,852.1 $ 3,580.6 $ 7,423.7 $ 6,847.3
Cost of sales (including special charges (a)) 2,334.8 2,211.1 4,540.0 4,284.5
Selling, general and administrative expenses 1,011.6 940.1 2,001.9 1,854.8
Special (gains) and charges 21.0 3.6 45.5 27.7
Operating income 484.7 425.8 836.3 680.3
Other (income) expense (14.4) (19.5) (27.5) (38.3)
Interest expense, net 77.8 56.0 152.0 109.0
Income before income taxes 421.3 389.3 711.8 609.6
Provision for income taxes 86.6 76.6 139.0 122.2
Net income including noncontrolling interest 334.7 312.7 572.8 487.4
Net income attributable to noncontrolling interest 5.0 4.4 9.7 7.2
Net income attributable to Ecolab $ 329.7 $ 308.3 $ 563.1 $ 480.2
Earnings attributable to Ecolab per common share        
Basic (in dollars per share) $ 1.16 $ 1.08 $ 1.98 $ 1.68
Diluted (in dollars per share) $ 1.15 $ 1.08 $ 1.97 $ 1.67
Weighted-average common shares outstanding        
Basic (in shares) 284.9 285.1 284.8 285.7
Diluted (in shares) 286.3 286.6 286.1 287.4
Product and equipment sales        
Net sales $ 3,104.8 $ 2,886.8 $ 5,981.1 $ 5,510.9
Cost of sales (including special charges (a)) 1,895.3 1,799.0 3,693.6 3,494.6
Service and lease sales        
Net sales 747.3 693.8 1,442.6 1,336.4
Cost of sales (including special charges (a)) $ 439.5 $ 412.1 $ 846.4 $ 789.9