| For the years ended December 31 ($ millions except where otherwise indicated) |
2009 | 2008(1) | ||
|---|---|---|---|---|
Sales |
$ | 31,820 | $ | 32,088 |
Operating Expenses |
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| Cost of inventories sold (note 12 PDF) | 24,006 | 24,569 | ||
| Selling, administrative and other expenses | 6,131 | 5,755 | ||
| Depreciation and amortization | 601 | 566 | ||
| Goodwill impairment (note 14 PDF) | 73 | |||
| 30,811 | 30,890 | |||
Operating Income |
1,009 | 1,198 | ||
| Gain on disposal of business (note 4 PDF) | 335 | |||
| 1,009 | 1,533 | |||
| Interest Expense and Other Financing Charges (note 6 PDF) | 363 | 360 | ||
Earnings from Continuing Operations Before the Following: |
646 | 1,173 | ||
| Income Taxes (note 7 PDF) | 259 | 304 | ||
| 387 | 869 | |||
| Minority Interest | 260 | 222 | ||
Net Earnings from Continuing Operations |
127 | 647 | ||
Discontinued Operations(note 5 PDF) |
908 | 187 | ||
Net Earnings |
$ | 1,035 | $ | 834 |
Net Earnings per Common Share – Basic($) |
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| Continuing Operations (note 8 PDF) | $ | 0.64 | $ | 4.65 |
| Discontinued Operations | $ | 7.04 | $ | 1.45 |
| Net Earnings | $ | 7.68 | $ | 6.10 |
Net Earnings per Common Share – Diluted($) |
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| Continuing Operations (note 8 PDF) | $ | 0.63 | $ | 4.65 |
| Discontinued Operations | $ | 7.04 | $ | 1.45 |
| Net Earnings | $ | 7.67 | $ | 6.10 |
|
(1) Restated – see note 2 (PDF) to the consolidated financial statements. See accompanying notes to the consolidated financial statements. |
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