A Dark Vector Cognition product

Item 6. – SELECTED FINANCIAL DATA

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Item 6. – SELECTED FINANCIAL DATA

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(dollars in millions, except per share amounts)
Years ended December 31
2017(1)2016(2)201520142013(3)
Net sales$2,996.7$2,685.9$2,536.5$2,356.0$2,153.8
Net earnings(1)$296.5$326.5$282.9$207.8$169.7
Basic earnings per share of common stock(1,2,3)
Net earnings$1.72$1.87$1.59$1.15$0.92
Diluted earnings per share of common stock(1,2,3)
Net earnings$1.70$1.85$1.58$1.14$0.91
Cash dividends per common share(2,3)$0.56$0.48$0.38$0.30$0.23
December 31
20172016201520142013
Total assets$3,197.3$2,891.0$2,629.2$2,498.1$2,351.5
Long-term debt(4)402.9316.4236.1210.1177.7
Total stockholders’ equity1,648.81,515.31,442.31,381.31,328.7
(1)Due to the enactment of the U.S. Tax Cuts & Jobs Act in December 2017, we recorded provisional one-time charges of $81.8 million, our estimate of the costs primarily associated with the repatriation of undistributed foreign earnings. These charges reduced earnings per share by $0.47.
(2)In September 2016, we declared a 100 percent stock dividend to holders of Common Stock and Class A Common Stock which is not included in cash dividends. Basic and diluted earnings per share are calculated using the weighted average shares outstanding which were restated for all periods presented to reflect the stock dividend.
(3)In April 2013, we declared a 100 percent stock dividend to holders of Common Stock and Class A Common Stock which is not included in cash dividends. Basic and diluted earnings per share are calculated using the weighted average shares outstanding which were restated for all periods presented to reflect the stock dividend.
(4)Excludes the current portion of long-term debt.
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