| For the years ended December 31 ($ millions except where otherwise indicated) |
2007 | 2006 | ||
|---|---|---|---|---|
Sales |
$ | 32,815 | $ | 32,167 |
| Operating Expenses | ||||
| Cost of sales, selling and administrative expenses (note 2 PDF) | 30,790 | 30,035 | ||
| Depreciation and amortization | 704 | 705 | ||
| Goodwill impairment (note 3 PDF) | 800 | |||
| Restructuring and other charges (note 4 PDF) | 227 | 90 | ||
| 31,721 | 31,630 | |||
Operating Income |
1,094 | 537 | ||
| Interest Expense and Other Financing Charges (note 6 PDF) | 165 | 253 | ||
Earnings from Continuing Operations Before the Following: |
929 | 284 | ||
| Income Taxes (note 8 PDF) | 236 | 256 | ||
| 693 | 28 | |||
| Minority Interest | 130 | (82) | ||
Net Earnings from Continuing Operations |
563 | 110 | ||
| Discontinued Operations (note 10 PDF) | 11 | |||
Net Earnings |
$ | 563 | $ | 121 |
Net Earnings per Common Share – Basic and Diluted($) |
||||
| Continuing Operations (note 9 PDF) | $ | 3.92 | $ | 0.43 |
| Discontinued Operations | $ | 0.09 | ||
| Net Earnings | $ | 3.92 | $ | 0.52 |
See accompanying notes to the consolidated financial statements. |
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