USD in Millions except per share data
Net sales
14,326
15,608
15,910
Cost of sales
3,729
4,424
4,564
Gross profit
10,597
11,184
11,346
Selling general and administrative
9,456
9,621
9,575
Restructuring and other charges
481
122
55
Talcum litigation settlement agreements
159
-
-
Goodwill impairment
13
291
-
Impairment of goodwill and other intangible assets
1,273
180
207
Total operating expenses
11,382
10,214
9,837
Operating income (loss)
(785)
970
1,509
Interest expense
357
378
255
Interest income and investment income net
114
167
131
Other components of net periodic benefit cost
12
(13)
(12)
Earnings (loss) before income taxes
(1,040)
772
1,397
Provision (benefit) for income taxes
93
363
387
Net earnings (loss)
(1,133)
409
1,010
Net earnings attributable to redeemable noncontrolling interest
-
(19)
(4)
Net earnings (loss) attributable to The Estée Lauder Companies Inc.
(1,133)
390
1,006
Net earnings (loss) attributable to The Estée Lauder Companies Inc. per common share
Weighted-average common shares outstanding
Diluted
360.10
360.80
360.90
Cash dividends declared per common share
1.71
2.64
2.58