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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

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Times-interest-earned(TIE) ratio

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