Consolidated Statements of Income
(Millions of dollars, except per share data)
| Year Ended December 31, | 2015 | ||
| Net sales | $20,891 | ||
| Expenses | |||
| Cost of products sold | 17,201 | ||
| Gross margin | 3,690 | ||
| Selling, general and administrative | 2,130 | ||
| Intangible amortization | 74 | ||
| Restructuring costs | 201 | ||
| Operating profit | 1,285 | ||
| Other income (expense) | |||
| Interest and sundry income (expense) | (89) | ||
| Interest expense | (165) | ||
| Earnings before income taxes | 1,031 | ||
| Income tax expense | 209 | ||
| Net earnings | 822 | ||
| Less: Net earnings available to noncontrolling interests | 39 | ||
| Net earnings available to Whirlpool | $783 | ||
| Per share of common stock | |||
| Basic net earnings available to Whirlpool | $9.95 | ||
| Diluted net earnings available to Whirlpool | $9.83 | ||
| Weighted-average shares outstanding (in millions) | |||
| Basic | 78.7 | ||
| Diluted | 79.7 | ||