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75732me_10K.indd 31 6/25/13 6:39 PM
Table of Contents
Item 6. Selected Financial Data
(in millions, except per share data and additional information)
Operating Results for the Fiscal Year:
Net sales
Cost of products sold
Gross margin percentage
Research and development expense
Selling, general, and administrative expense
Special charges
Restructuring charges, net
Certain litigation charges, net
Acquisition-related items
Amortization of intangible assets
Other expense, net
Interest expense, net
Earnings from continuing operations before income
taxes
Provision for income taxes
Earnings from continuing operations
Earnings (loss) from discontinued operations, net of tax
Net earnings
Per Share of Common Stock:
Basic - Earnings from continuing operations
Basic - Net earnings
Diluted - Earnings from continuing operations
Diluted - Net earnings
Cash dividends declared
Financial Position at Fiscal Year-end:
Working capital
Current ratio
Total assets
Long-term debt
Shareholders’ equity
Additional Information:*
Full-time employees at year-end
Full-time equivalent employees at year-end
$
$
$
$
$
$
2013
16,590
4,126
75.1%
1,557
5,698
—
172
245
(49)
331
108
151
4,251
784
3,467
—
3,467
3.40
3.40
3.37
3.37
1.04
13,902
4.6:1.0
34,841
9,741
18,671
42,466
46,659
$
$
$
$
$
$
2012
16,184
3,889
76.0%
1,490
5,623
—
87
90
12
335
364
149
4,145
730
3,415
202
3,617
3.24
3.43
3.22
3.41
0.97
10,409
2.8:1.0
32,818
7,359
17,113
40,601
44,944
Fiscal Year
2011
$ 15,508
3,700
76.1%
$ 1,472
5,427
—
259
245
14
339
110
278
3,664
609
3,055
41
$ 3,096
$ 2.84
2.87
2.82
2.86
0.90
$ 9,437
3.0:1.0
$ 30,662
8,112
15,968
40,346
44,315
$
$
$
$
$
$
2010
15,392
3,582
76.7%
1,424
5,282
—
50
374
23
317
150
246
3,944
861
3,083
16
3,099
2.79
2.80
2.78
2.79
0.82
8,482
2.6:1.0
28,305
6,944
14,629
38,339
42,208
$
$
$
$
$
$
2009
14,256
3,315
76.7%
1,316
5,022
100
120
714
621
281
115
183
2,469
381
2,088
(18)
2,070
1.86
1.85
1.85
1.84
0.75
6,171
2.9:1.0
23,758
6,253
13,182
36,626
39,918
*Employee counts include continuing operations only.
28