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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS |  |
Net sales (including sales to related parties, see Note 7) | $ 1,583.9 | $ 1,245.1
Operating cost and expenses: |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 843.8 | 726.8
Selling, general and administrative | 21.4 | 26.3
Depreciation, amortization and depletion | 153.4 | 135.3
Exploration | 5.1 | 10.5
Environmental remediation | (10.2) |
Total operating costs and expenses | 1,013.5 | 898.9
Operating income | 570.4 | 346.2
Interest expense | (105.7) | (90.2)
Capitalized interest | 14.9 | 15.2
Other income (expense) | 4.8 | (0.5)
Interest income | 0.9 | 2.2
Income before income taxes | 485.3 | 272.9
Income taxes (including royalty taxes, see Note 4) | 176.2 | 92.3
Net income before equity earnings of affiliate | 309.1 | 180.6
Equity earnings of affiliate, net of income tax | 6.2 | 5.1
Net income | 315.3 | 185.7
Less: Net income attributable to the non-controlling interest | 0.9 | 0.6
Net income attributable to SCC | $ 314.4 | $ 185.1
Per common share amounts attributable to SCC : |  |
Net earnings - basic and diluted | $ 0.41 | $ 0.24
Dividends paid | $ 0.08 | $ 0.03
Weighted average shares outstanding - basic and diluted | 773.0 | 773.9

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