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Perform a vertical analysis for basic, diluted, and weighted averages: 2016 Percentage 2015 Percentage (In millions, except per share data) Total net sales $ 12,547

Perform a vertical analysis for basic, diluted, and weighted averages:

2016 Percentage 2015 Percentage
(In millions, except per share data)
Total net sales $ 12,547 $ 12,625
Cost of goods sold 8,071 8,074
Gross margin 4,476 4,551
Operating expenses/(income):
Selling, general and administrative (SG&A) 3,538 3,775
Pension 19 162
Depreciation and amortization 609 616
Real estate and other, net -111 3
Restructuring and management transition 26 84
Total operating expenses 4,081 4,640
Operating income/(loss) 395 (89)
Loss on extinguishment of debt 30 10
Net interest expense 363 405
Income/(loss) before income taxes 2 (504)
Income tax expense/(benefit) 1 9
Net income/(loss) $ 1 $ (513)
Earnings/(loss) per share:
Basic 0 (2)
Diluted (2)
-
Weighted average shares basic 308.1 306
Weighted average shares diluted 313 306

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