Net property, plant and equipment and other non-current assets
2,505,252
2,536,910
2,526,167
1,675,008
1,646,723
Total capital (b)
2,674,023
2,669,154
2,648,094
1,767,369
1,724,211
Total assets
3,516,447
3,421,012
3,414,539
2,420,583
2,358,314
Long-term liabilities
1,457,776
1,619,991
1,611,300
1,237,437
1,407,522
Shareholders’ equity
1,581,045
1,450,741
1,155,493
851,603
660,016
Return on average total capital — % (c)
14
15
14
16
13
Return on average shareholders’ equity — % (d)
23
28
30
37
26
Per-Share Data (a)
Average number of common shares
57,462
57,970
57,533
57,060
60,652
Average number of common shares and common share equivalents
58,202
58,931
58,204
57,530
61,151
Basic earnings per share
$
5.87
$
6.51
$
5.14
$
4.76
$
3.48
Diluted earnings per share
5.79
6.40
5.08
4.73
3.45
Dividends per common share
1.43
1.25
1.11
0.99
0.90
Book value per common share
27.45
25.00
20.02
14.86
11.51
(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 the last five quarterly accounting periods.
(d)
Net income as a percentage of average quarterly shareholders’ equity over the last five quarterly accounting periods.
(e)
Certain amounts for the years 2015 through 2018 have been adjusted to reflect the retrospective application of our reclassification of certain pension costs upon the adoption of a new accounting standard in 2019.
(f)
Certain amounts for the years 2015 and 2016 have been adjusted to reflect the retrospective application of our reclassification of debt issuance costs upon the adoption of a new accounting standard in 2017.