(Millions of dollars, except share and employee data)
	2016	2015	2014	2013	2012
Consolidated Operations
Net sales	20,718	20,891	19,872	18,769	18,143
Restructuring costs	173	201	136	196	237
Depreciation and amortization	655	668	560	540	551
Operating profit	1,354	1,285	1,188	1,249	869
Earnings before income taxes and other items	1,114	1,031	881	917	558
Net earnings	928	822	692	849	425
Net earnings available to Whirlpool	888	783	650	827	401
Capital expenditures	660	689	720	578	476
Dividends paid	294	269	224	187	155
Consolidated Financial Position
Current assets	7,339	7,325	8,098	7,022	6,827
Current liabilities	7,662	7,744	8,403	6,794	6,510
Accounts receivable, inventories and accounts payable, net	918	746	778	548	694
Property, net	3,810	3,774	3,981	3,041	3,034
Total assets	19,153	19,010	20,002	15,544	15,396
Long-term debt	3,876	3,470	3,544	1,846	1,944
Total debt(1)	4,470	3,998	4,347	2,463	2,461
Whirlpool stockholders’ equity	4,773	4,743	4,885	4,924	4,260
Per Share Data
Basic net earnings available to Whirlpool	11.67	9.95	8.30	10.42	5.14
Diluted net earnings available to Whirlpool	11.50	9.83	8.17	10.24	5.06
Dividends	3.90	3.45	2.88	2.38	2.00
Book value(2)	61.82	59.54	61.39	60.97	53.70
Closing Stock Price—NYSE	181.77	146.87	193.74	156.86	101.75
Key Ratios
Operating profit margin	6.5	6.2	6.0	6.7	4.8
Pre-tax margin(3)	5.4	4.9	4.4	4.9	3.1
Net margin(4)	4.3	3.7	3.3	4.4	2.2
Return on average Whirlpool stockholders’ equity(5)	18.7	16.3	13.3	18.0	9.5
Return on average total assets(6)	4.7	4.0	3.7	5.3	2.6
Current assets to current liabilities	1.0	0.9	1.0	1.0	1.0
Total debt as a percent of invested capital(7)	43.8	41.3	42.9	33.0	36.0
Price earnings ratio(8)	15.8	14.9	23.7	15.3	20.1
Other Data
Common shares outstanding (in thousands):
Average number—on a diluted basis	77,211	79,667	79,578	80,761	79,337
Year-end common shares outstanding	47,465	77,221	77,956	77,417	78,407
Year-end number of stockholders	10,528	10,663	11,225	11,889	12,759
Year-end number of employees	93,000	97,000	100,000	69,000	68,000
Five-year annualized total return to stockholders(9)	33.6	13.0	22.0	34.0	7.6

• Total debt includes notes payable and current and long-term debt.
• Total Whirlpool stockholders’ equity divided by average number of shares on a diluted basis.
• Earnings before income taxes, as a percent of net sales.
• Net earnings available to Whirlpool, as a percent of net sales.
• Net earnings available to Whirlpool, divided by average Whirlpool stockholders’ equity.
• Net earnings available to Whirlpool, divided by average total assets.
• Total debt divided by total debt and total stockholders’ equity.
• Closing stock price divided by diluted net earnings available to Whirlpool.
• Stock appreciation plus reinvested dividends, divided by share price at the beginning of the period.