Proctor and Gamble 2015 Annual Report Download - page 47

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45 The Procter & Gamble Company
See accompanying Notes to Consolidated Financial Statements.
Consolidated Statements of Earnings
Amounts in millions excet er share amounts Years ended une 0 2015 2014 201
NET SALES ,29 $ 80,510 $ 80,116
Cost of products sold , 41,010 39,991
Selling, general and administrative expense 2,55 24,760 26,000
Goodwill and indefinite-lived intangible asset impairment charges  308
enezuela deconsolidation charge 2,02 
OPERATING INCOME 11,90 14,740 13,817
Interest expense 2 710 667
Interest income 151 101 88
Other non-operating income, net 51 206 941
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 11,4 14,337 14,179
Income taxes on continuing operations 2,91 3,019 3,226
NET EARNINGS FROM CONTINUING OPERATIONS ,90 11,318 10,953
NET EARNINGSLOSS FROM DISCONTINUED OPERATIONS 1,467 449
NET EARNINGS ,144 11,785 11,402
Less: Net earnings attributable to noncontrolling interests 10 142 90
NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE ,0 $ 11,643 $ 11,312
BASIC NET EARNINGS PER COMMON SHARE 1
Earnings from continuing operations .1 $ 4.03 $ 3.87
Earnings(loss) from discontinued operations 0.0.16 0.17
BASIC NET EARNINGS PER COMMON SHARE 2.50 $ 4.19 $ 4.04
DILUTED NET EARNINGS PER COMMON SHARE 1
Earnings from continuing operations .0 $ 3.86 $ 3.71
Earnings(loss) from discontinued operations 0.20.15 0.15
DILUTED NET EARNINGS PER COMMON SHARE 2.44 4.01 3.86
DIVIDENDS PER COMMON SHARE 2.59 $ 2.45 $ 2.29
(1) asic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter &
Gamble.