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TableofContents
(e) Thiscalculationofworkingcapitalisdefinedascurrentassetslesscurrentliabilities.Amountsforallyearsreflectthe
reclassificationofdeferredtaxestolongtermfromcurrentasaresultoftheadoptionofanewaccountingstandard.
Summary of quarterly results:
First  Second  Third  Fourth  Fiscal
Quarter Quarter Quarter Quarter Year
(Millions, except per share amounts)
2016          
Sales $ 6,969.7  $ 6,848.1  $ 6,174.7  $ 6,226.8  $ 26,219.3 
Grossprofit 791.5  778.2  736.8  731.0  3,037.5 
Netincome 130.2  156.0  123.5  96.8  506.5 
Dilutedearningspershare 0.96  1.16  0.94  0.75  3.80 
2015          
Sales $ 6,839.6  $ 7,551.9  $ 6,736.9  $ 6,796.3  $ 27,924.7 
Grossprofit 795.5  837.5  774.4  785.8  3,193.1 
Netincome 127.9  163.7  121.5  158.7  571.9 
Dilutedearningspershare 0.91  1.18  0.88  1.15  4.12 
(a) Quartersmaynottotaltothefiscalyearduetorounding.
(b) Firstquarter of fiscal 2016 results were impacted byrestructuring, integration and otherexpensesof$26.0millionbefore
tax,$17.1millionaftertaxand$0.12pershareonadilutedbasisandanincometaxexpenseof$0.4million.Secondquarter
resultswereimpactedbyrestructuring,integrationandotherexpensesof$21.2millionbeforetax,$14.1millionaftertaxand
$0.10 per share on a diluted basis and an income tax benefit of $11.3 million. Third quarter results were impacted by
restructuring,integrationandother expenses of $16.2millionbeforetax,$10.8 million after taxand$0.08pershare on a
dilutedbasis andanincometax benefit of$7.1million.Fourth quarterresultswereimpactedby restructuring, integration
andotherexpensesof$16.0millionbeforetax,$10.3millionaftertaxand$0.08pershareonadilutedbasisandanincome
taxexpenseof$1.4millionand$0.08pershareonadilutedbasis.
(c) Firstquarter of fiscal 2015 results were impacted byrestructuring, integration and otherexpensesof$18.3millionbefore
tax,$13.2millionaftertaxand$0.09pershareonadilutedbasisandanincometaxbenefitof$5.9million.Secondquarter
resultswereimpactedbyrestructuring,integrationandotherexpensesof$13.3millionbeforetax,$10.2millionaftertaxand
$0.07 per share on a diluted basis and an income tax benefit of $5.6 million. Third quarter results were impacted by
restructuring,integrationandother expenses of $15.5millionbeforetax,$12.0 million after taxand$0.09pershare on a
dilutedbasisandanincometaxexpenseof$2.2million.Fourthquarterresultswereimpactedbyrestructuring,integration
andotherexpensesof$43.7millionbeforetax,$30.5millionaftertaxand$0.22pershareonadilutedbasisandanincome
taxbenefitof$45.8millionand$0.33pershareonadilutedbasisasaresultofthereleaseofvaluationallowancesagainst
certaindeferredtaxassets.
21
(a)
(b)
(c)