filings.toolsItem 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
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The following table presents selected consolidated financial data. The data presented should be read in conjunction with our Consolidated Financial Statements and accompanying notes and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included elsewhere in this Annual Report. Our consolidated financial information may not be indicative of our future performance.
| As of or for Fiscal | ||||||||||||||||
| 2017 | 2016(1) | 2015 | 2014 | 2013 | ||||||||||||
| (in millions, except per share data) | ||||||||||||||||
| Statement of Operations Data | ||||||||||||||||
| Net sales | $ | 13,113 | $ | 12,238 | $ | 12,233 | $ | 11,973 | $ | 11,390 | ||||||
| Acquisition and integration costs | 6 | 22 | 55 | 31 | 14 | |||||||||||
| Restructuring and other charges, net(2) | 148 | 2 | 152 | 19 | 222 | |||||||||||
| Other income (expense), net(3) | (9 | ) | (632 | ) | (55 | ) | 63 | (183 | ) | |||||||
| Income tax (expense) benefit(3) | (255 | ) | 779 | (337 | ) | (146 | ) | 75 | ||||||||
| Amounts attributable to TE Connectivity Ltd.: | ||||||||||||||||
| Income from continuing operations | 1,673 | 1,941 | 1,238 | 1,614 | 1,154 | |||||||||||
| Income from discontinued operations, net of income taxes(4) | 10 | 68 | 1,182 | 167 | 122 | |||||||||||
| Net income | $ | 1,683 | $ | 2,009 | $ | 2,420 | $ | 1,781 | $ | 1,276 | ||||||
| Per Share Data | ||||||||||||||||
| Basic earnings per share attributable to TE Connectivity Ltd.: | ||||||||||||||||
| Income from continuing operations | $ | 4.71 | $ | 5.30 | $ | 3.06 | $ | 3.94 | $ | 2.76 | ||||||
| Net income | 4.74 | 5.49 | 5.98 | 4.34 | 3.05 | |||||||||||
| Diluted earnings per share attributable to TE Connectivity Ltd.: | ||||||||||||||||
| Income from continuing operations | $ | 4.67 | $ | 5.26 | $ | 3.01 | $ | 3.87 | $ | 2.73 | ||||||
| Net income | 4.70 | 5.44 | 5.89 | 4.27 | 3.02 | |||||||||||
| Dividends and cash distributions paid per common share | $ | 1.54 | $ | 1.40 | $ | 1.24 | $ | 1.08 | $ | 0.92 | ||||||
| Balance Sheet Data | ||||||||||||||||
| Total assets | $ | 19,403 | $ | 17,608 | $ | 20,589 | $ | 20,132 | $ | 18,446 | ||||||
| Long-term liabilities | 5,805 | 6,057 | 7,429 | 7,128 | 6,000 | |||||||||||
| Total shareholders' equity | $ | 9,751 | $ | 8,485 | $ | 9,585 | $ | 9,007 | $ | 8,380 |
(1)
Fiscal 2016 was a 53-week year.
(2)
Fiscal 2016 included a pre-tax gain of $144 million on the sale of our Circuit Protection Devices business. See Note 3 to the Consolidated Financial Statements for additional information.
(3)
For fiscal 2017, 2016, and 2015, see Notes 15 and 16 to the Consolidated Financial Statements for additional information. Fiscal 2014 income tax (expense) benefit included a $282 million income tax benefit recognized in connection with a reduction in the valuation allowance associated with certain tax loss carryforwards relating to ADC Telecommunications, Inc. Fiscal 2013 income tax (expense) benefit and net other income (expense) included a $331 million income tax benefit associated with the effective settlement of all undisputed tax matters for the years 1997 through 2000 and the related impact of $231 million to other expense pursuant to the Tax Sharing Agreement with Tyco International plc and Covidien plc, respectively.
(4)
Fiscal 2015 included the gain on the sale of our Broadband Network Solutions business. See Note 4 to the Consolidated Financial Statements for additional information.
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