|
| 2003 |
2002 |
2001 |
 |
Net sales |
$3,761,819 |
$3,403,585 |
$2,320,710 |
Operating expenses Cost of sales (including special charges (income) of ($76) in 2003, $8,977 in 2002 and ($566) in 2001) |
1,845,202 |
1,687,597 |
1,120,254 |
| Selling, general and administrative expenses |
1,433,551 |
1,283,091 |
881,453 |
| Special charges |
408 |
37,031 |
824 |
 |
| Operating income |
482,658 |
395,866 |
318,179 |
| Gain on sale of equity investment |
11,105 |
|
|
| Interest expense, net |
45,345 |
43,895 |
28,434 |
 |
Income from continuing operations before income taxes and equity in earnings of Henkel-Ecolab |
448,418 |
351,971 |
289,745 |
| Provision for income taxes |
171,070 |
140,081 |
117,408 |
| Equity in earnings of Henkel-Ecolab |
|
|
15,833 |
 |
Income from continuing operations before cumulative effect of change in accounting |
277,348 |
211,890 |
188,170 |
| Cumulative effect of change in accounting |
|
(4,002) |
|
| Gain from discontinued operations |
|
1,882 |
|
 |
| Net income |
$ 277,348 |
$ 209,770 |
$ 188,170 |
 |
Basic income per common share Income from continuing operations before change in accounting |
$ 1.07 |
$ 0.82 |
$ 0.74 |
| Change in accounting |
|
(0.02) |
|
| Gain from discontinued operations |
|
0.01 |
|
| Net income |
$ 1.07 |
$ 0.81 |
$ 0.74 |
Diluted income per common share Income from continuing operations before change in accounting |
$ 1.06 |
$ 0.81 |
$ 0.72 |
| Change in accounting |
|
(0.02) |
|
| Gain from discontinued operations |
|
0.01 |
|
| Net income |
$ 1.06 |
$ 0.80 |
$ 0.72 |
|
|
|
|
Weighted-average common shares outstanding Basic |
259,454 |
258,147 |
254,832 |
| Diluted |
262,737 |
261,574 |
259,855 |
 |
|