Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

($ in millions, except per share information)

The following table sets forth the selected consolidated financial data for the five-years ended December 31, 2019. Unless otherwise indicated, the following disclosures reflect our continuing operations. Refer to Note 4 to the consolidated financial statements included in this report for additional information regarding discontinued operations.

This selected financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our consolidated financial statements and accompanying notes included in this report. Historical results presented herein may not be indicative of future results.

As of and for the Year Ended December 31
20192018201720162015
Summary of Operations
Sales$7,320.0$6,452.7$5,756.1$5,378.2$5,311.8
Operating profit1,004.11,178.41,143.01,061.71,081.5
Net earnings from continuing operations725.4918.3884.3740.2737.6
Net earnings per share from continuing operations:
Basic1.952.562.542.142.14
Diluted1.932.522.512.132.14
Common stock dividends declared and paid per share0.280.280.280.14—
Preferred stock dividends declared and paid per share50.0025.28———
Financial Position
Assets of continuing operations$17,435.8$12,875.6$9,629.6$7,353.1$6,377.9
Assets of discontinued operations3.230.0871.0836.7832.7
Total assets17,439.012,905.610,500.68,189.87,210.6
Current portion of long-term debt1,500.0455.6———
Long-term debt, net of current maturities4,828.42,974.74,056.23,358.0—
Long-term debt6,328.43,430.34,056.23,358.0—

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