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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS |  |  |  |
Net sales (including sales to related parties, see Note 7) | $ 1,676.5 | $ 1,400.7 | $ 4,790.2 | $ 3,980.8
Operating costs and expenses: |  |  |  |
Cost of sales (exclusive of depreciation, amortization and depletion shown separately below) | 781.5 | 831.4 | 2,430.2 | 2,309.9
Selling, general and administrative | 25.0 | 22.7 | 68.6 | 72.5
Depreciation, amortization and depletion | 169.3 | 174.5 | 493.8 | 474.3
Exploration | 8.1 | 9.7 | 18.9 | 30.4
Environmental remediation |  |  | (10.2) |
Total operating costs and expenses | 983.9 | 1,038.3 | 3,001.3 | 2,887.1
Operating income | 692.6 | 362.4 | 1,788.9 | 1,093.7
Interest expense | (90.3) | (91.5) | (285.1) | (270.9)
Capitalized interest | 18.7 | 18.4 | 49.7 | 50.8
Other income (expense) | (6.2) | 9.6 | 1.6 | 14.9
Interest income | 1.8 | 1.8 | 4.0 | 6.0
Income before income taxes | 616.6 | 300.7 | 1,559.1 | 894.5
Income taxes (including royalty taxes, see Note 4) | 220.1 | 111.2 | 556.6 | 305.4
Net income before equity earnings of affiliate | 396.5 | 189.5 | 1,002.5 | 589.1
Equity earnings of affiliate, net of income tax | 6.3 | 8.7 | 16.1 | 17.4
Net income | 402.8 | 198.2 | 1,018.6 | 606.5
Less: Net income attributable to the non-controlling interest | 1.0 | 0.6 | 2.6 | 1.9
Net income attributable to SCC | $ 401.8 | $ 197.6 | $ 1,016.0 | $ 604.6
Per common share amounts attributable to SCC: |  |  |  |
Net earnings - basic and diluted | $ 0.52 | $ 0.26 | $ 1.31 | $ 0.78
Dividends paid | $ 0.14 | $ 0.05 | $ 0.34 | $ 0.13
Weighted average common shares outstanding - basic and diluted | 773.0 | 773.6 | 773.0 | 773.7

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