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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS |  |  |  |
Net sales (including sales to related parties, see Note 8) | $ 1,400.7 | $ 1,133.6 | $ 3,980.8 | $ 3,791.3
Operating costs and expenses: |  |  |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 831.4 | 670.8 | 2,309.9 | 2,057.4
Selling, general and administrative | 22.7 | 23.6 | 72.5 | 73.4
Depreciation, amortization and depletion | 174.5 | 131.6 | 474.3 | 373.8
Exploration | 9.7 | 13.7 | 30.4 | 36.2
Environmental remediation |  | 7.0 |  | 23.5
Total operating costs and expenses | 1,038.3 | 846.7 | 2,887.1 | 2,564.3
Operating income | 362.4 | 286.9 | 1,093.7 | 1,227.0
Interest expense | (91.5) | (92.4) | (270.9) | (244.1)
Capitalized interest | 18.4 | 27.6 | 50.8 | 99.5
Other income (expense) | 9.6 | (4.3) | 14.9 | (9.6)
Interest income | 1.8 | 2.9 | 6.0 | 8.4
Income before income taxes | 300.7 | 220.7 | 894.5 | 1,081.2
Income taxes (see note 5) | 111.2 | 125.3 | 305.4 | 411.6
Net income before equity earnings of affiliate | 189.5 | 95.4 | 589.1 | 669.6
Equity earnings of affiliate, net of income tax | 8.7 | 4.0 | 17.4 | 9.5
Net income | 198.2 | 99.4 | 606.5 | 679.1
Less: Net income attributable to non-controlling interest | 0.6 | 1.0 | 1.9 | 3.5
Net income attributable to SCC | $ 197.6 | $ 98.4 | $ 604.6 | $ 675.6
Per common share amounts attributable to SCC : |  |  |  |
Net earnings - basic and diluted | $ 0.26 | $ 0.12 | $ 0.78 | $ 0.85
Dividends paid | $ 0.05 | $ 0.10 | $ 0.13 | $ 0.30
Weighted average common shares outstanding - basic and diluted | 773.6 | 793.2 | 773.7 | 798.9

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