Item 6. SELECTED FINANCIAL DATA


(dollars in millions, except per share amounts)
	Years ended December 31,
	2019		2018		2017 (1)		2016 (2)		2015
Net sales	$	2,992.7	$	3,187.9	$	2,996.7	$	2,685.9	$	2,536.5
Net earnings (1)	$	370.0	$	444.2	$	296.5	$	326.5	$	282.9
Basic earnings per share of common stock (1,2)
Net earnings	$	2.24	$	2.60	$	1.72	$	1.87	$	1.59
Diluted earnings per share of common stock (1,2)
Net earnings	$	2.22	$	2.58	$	1.70	$	1.85	$	1.58
Cash dividends per common share (2)	$	0.90	$	0.76	$	0.56	$	0.48	$	0.38

(1)	Due to the enactment of the U.S. Tax Cuts & Jobs Act in December 2017, we recorded a one-time charge of $81.8 million in 2017, our estimate of the costs primarily associated with the repatriation of undistributed foreign earnings. These charges reduced 2017 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)	Excludes the current portion of long-term debt.