Income Statement

($ amounts in millions unless otherwise noted) Year Ended December 31
2019 2018 2017
Net sales 1,835.9 1,961.0 1,878.6
Cost of sales 1,047.6 1,123.4 1,064.8
Gross profit 788.3 837.6 813.8
Operating expenses:      
Selling, technical, general and administrative 497.0 544.8 567.2
Research and development 42.2 44.3 46.4
Total operating expenses 539.2 589.1 613.6
Operating profit 249.1 248.5 200.2
Other (expense) income:      
Interest expense, net (90.7) (311.0) (336.9)
Foreign exchange gain (loss) 28.7 (5.5) (53.7)
Other income (expense), net (46.2) 14.8 (70.0)
Total other expense (108.2) (301.7) (460.6)
Income (loss) before income taxes and non-controlling interests 140.9 (53.2) (260.4)
Income tax (expense) benefit (61.3) (23.8) 68.6
Net loss from continuing operations 79.6 (77.0) (191.8)
Income (loss) from discontinued operations, net of tax 13.3 (242.9) (103.8)
Net income (loss) 92.9 (319.9) (295.6)
Net loss attributable to non-controlling interests (0.7) (4.5) (0.6)
Net income (loss) attributable to common stockholders 92.2 (324.4) (296.2)
       
Earnings (loss) per share      
Basic from continuing operations 0.31 (0.27) (0.68)
Basic from discontinued operations 0.05 (0.86) (0.36)
Basic attributable to common stockholders 0.36 (1.13) (1.04)
       
Diluted from continuing operations 0.30 (0.27) (0.68)
Diluted from discontinued operations 0.05 (0.86) (0.36)
Diluted attributable to common stockholders 0.35 (1.13) (1.04)
       
Weighted average common shares outstanding      
Basic 251.0 288.2 286.1
Diluted 253.3 288.2 286.1

Note: This selected data is for information only. For complete consolidated financial statements and important risks that may affect actual results, see SEC Filings.