Net property, plant and equipment and other non-current assets
2,526,167
1,675,008
1,646,723
1,606,274
1,449,712
Total capital (b)
2,648,094
1,767,369
1,724,211
1,661,110
1,496,681
Total assets
3,414,539
2,420,583
2,358,314
2,278,957
2,051,778
Long-term liabilities
1,611,300
1,237,437
1,407,522
1,003,292
927,118
Shareholders’ equity
1,155,493
851,603
660,016
904,797
887,863
Return on average total capital — % (c)
14
16
13
17
18
Return on average shareholders’ equity — % (d)
30
37
26
27
29
Per-Share Data (a)
Average number of common shares
57,533
57,060
60,652
63,656
64,214
Average number of common shares and common share equivalents
58,204
57,530
61,151
64,281
64,908
Basic earnings per share
$
5.14
$
4.76
$
3.48
$
3.88
$
3.45
Diluted earnings per share
5.08
4.73
3.45
3.84
3.42
Dividends per common share
1.11
0.99
0.90
0.76
0.63
Book value per common share
20.02
14.86
11.51
14.49
13.83
(a)
See accompanying Notes to Consolidated Financial Statements.
(b)
Notes payable, plus current portion of long-term debt, plus long-term debt, minus cash and marketable securities, plus shareholders’ equity.
(c)
Net income plus after-tax interest expense on borrowings as a percentage of the average of quarterly borrowings (net of cash) plus shareholders’ equity over five accounting periods.
(d)
Net income as a percentage of average quarterly shareholders’ equity over five accounting periods.
(e)
Certain amounts for the years 2013 through 2016 have been adjusted to reflect the retrospective application of our reclassification of debt issuance costs upon the adoption of a new accounting standard, as described in Note 2 to the Consolidated Financial Statements.