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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS |  |  |  |
Net sales (including sales to related parties, see Note 7) | $ 1,529.8 | $ 1,335.1 | $ 3,113.8 | $ 2,580.1
Operating cost and expenses: |  |  |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 804.8 | 751.6 | 1,648.6 | 1,478.5
Selling, general and administrative | 22.2 | 23.6 | 43.6 | 49.9
Depreciation, amortization and depletion | 171.2 | 164.5 | 324.6 | 299.8
Exploration | 5.7 | 10.3 | 10.8 | 20.7
Environmental remediation |  |  | (10.2) |
Total operating costs and expenses | 1,003.9 | 950.0 | 2,017.4 | 1,848.9
Operating income | 525.9 | 385.1 | 1,096.4 | 731.2
Interest expense | (89.2) | (89.2) | (194.9) | (179.4)
Capitalized interest | 16.2 | 17.2 | 31.1 | 32.4
Other income (expense) | 3.1 | 5.8 | 7.8 | 5.4
Interest income | 1.3 | 2.0 | 2.2 | 4.2
Income before income taxes | 457.3 | 320.9 | 942.6 | 593.8
Income taxes (including royalty taxes, see Note 4) | 160.3 | 102.0 | 336.6 | 194.2
Net income before equity earnings of affiliate | 297.0 | 218.9 | 606.0 | 399.6
Equity earnings of affiliate, net of income tax | 3.5 | 3.6 | 9.7 | 8.7
Net income | 300.5 | 222.5 | 615.7 | 408.3
Less: Net income attributable to the non-controlling interest | 0.8 | 0.6 | 1.6 | 1.3
Net income attributable to SCC | $ 299.7 | $ 221.9 | $ 614.1 | $ 407.0
Per common share amounts attributable to SCC : |  |  |  |
Net earnings - basic and diluted | $ 0.39 | $ 0.29 | $ 0.79 | $ 0.53
Dividends paid | $ 0.12 | $ 0.05 | $ 0.20 | $ 0.08
Weighted average common shares outstanding - basic and diluted | 773.0 | 773.7 | 773.0 | 773.8

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