USD in Millions except per share data
Net Sales
14,294
14,863
13,683
Cost of Sales
3,552
3,387
2,844
Gross Profit
10,742
11,476
10,839
Selling general and administrative
8,637
8,857
8,553
Restructuring and other charges
73
216
231
Goodwill impairment
812
68
-
Impairment of other intangible assets
614
22
-
Total operating expenses
10,136
9,163
8,784
Operating Income
606
2,313
2,055
Interest expense
161
133
128
Interest income and investment income net
48
58
56
Other components of net periodic benefit cost
4
2
3
Other income net
557
71
-
Earnings before income taxes
1,046
2,307
1,980
Provision for income taxes
350
513
863
Net earnings
696
1,794
1,117
Net earnings attributable to noncontrolling interests
(12)
(9)
(9)
Net earnings attributable to The Estée Lauder Companies Inc.
684
1,785
1,108
Net earnings attributable to The Estée Lauder Companies Inc. per common share
Weighted-average common shares outstanding
Diluted
366.90
370.40
375.70
Cash dividends declared per common share
1.39
1.67
1.48