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Income Statement (In millions, except per share data) 2017 2016 2015 Total net sales $ 12,506 $ 12,547 $ 12,625 Costs and expenses/(income): Cost of
Income Statement | ||||
(In millions, except per share data) | 2017 | 2016 | 2015 | |
Total net sales | $ 12,506 | $ 12,547 | $ 12,625 | |
Costs and expenses/(income): | ||||
Cost of goods sold (exclusive of depreciation and amortization shown separately below) | 8,174 | 8,071 | 8,074 | |
Selling, general and administrative (SG&A) | 3,468 | 3,538 | 3,775 | |
Pension | 21 | 19 | 162 | |
Depreciation and amortization | 570 | 609 | 616 | |
Real estate and other, net | -146 | -111 | 3 | |
Restructuring and management transition | 303 | 26 | 84 | |
Total costs and expenses | 12,390 | 12,152 | 12,714 | |
Operating income/(loss) | 116 | 395 | -89 | |
Loss on extinguishment of debt | 33 | 30 | 10 | |
Net interest expense | 325 | 363 | 405 | |
Income/(loss) before income taxes | -242 | 2 | -504 | |
Income tax expense/(benefit) | -126 | 1 | 9 | |
Net income/(loss) | -116 | 1 | -513 | |
Price | $3.16 | $8.31 | $6.66 | |
Earnings/(loss) per share: | ||||
Basic | -0.37 | -1.68 | ||
Diluted | -0.37 | -1.68 | ||
Weighted average shares basic | 311.1 | 308.1 | 305.9 | |
Weighted average shares diluted | 311.1 | 313 | 305.9 |
Please help me solve;
Times-interest-earned(TIE) ratio
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