XML 116 R97.htm IDEA: XBRL DOCUMENT v3.20.4
QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net sales $ 3,065.3 $ 3,018.6 $ 2,685.7 $ 3,020.6 $ 3,244.2 $ 3,224.0 $ 3,169.1 $ 2,924.7 $ 11,790.2 $ 12,562.0 $ 12,222.1
Cost of sales 1,780.3 1,769.6 1,635.7 1,720.2 1,809.1 1,780.9 1,780.3 1,675.5 6,905.8 7,045.8 6,875.3
Selling, general and administrative expenses 809.6 802.6 788.6 908.3 885.5 869.2 900.0 896.1 3,309.1 3,550.8 3,505.8
Special (gains) and charges 59.3 35.0 69.4 15.9 31.4 24.9 24.4 39.5 179.6 120.2 112.7
Operating Income 416.1 411.4 192.0 376.2 518.2 549.0 464.4 313.6 1,395.7 1,845.2 1,728.3
Other (income) expense (b) (10.3) (15.1) (15.1) (15.4) (14.1) (20.8) (20.9) (21.2) (55.9) (77.0) (79.9)
Interest expense, net (a) (48.4) (134.8) (58.7) (48.3) (46.1) (46.1) (49.2) (49.3) (290.2) (190.7) (221.1)
Income before income taxes 378.0 291.7 148.4 343.3 486.2 523.7 436.1 285.5 1,161.4 1,731.5 1,587.1
Provision for income taxes 73.1 42.4 14.1 47.0 86.5 83.4 88.8 29.9 176.6 288.6 321.2
Net income from continuing operations, including noncontrolling interest 304.9 249.3 134.3 296.3 399.7 440.3 347.3 255.6 984.8 1,442.9 1,265.9
Net income from continuing operations attributable to noncontrolling interest 4.6 3.1 5.4 4.3 5.0 4.4 3.9 4.0 17.4 17.3 15.6
Net income from continuing operations attributable to Ecolab 300.3 246.2 128.9 292.0 394.7 435.9 343.4 251.6 967.4 1,425.6 1,250.3
Net (loss) income from discontinued operations, net of tax     (2,163.9) (8.6) 34.9 28.3 25.2 44.9 (2,172.5) 133.3 178.8
Net (loss) income attributable to Ecolab $ 300.3 $ 246.2 $ (2,035.0) $ 283.4 $ 429.6 $ 464.2 $ 368.6 $ 296.5 $ (1,205.1) $ 1,558.9 $ 1,429.1
Basic EPS                      
Continuing operations $ 1.05 $ 0.86 $ 0.45 $ 1.01 $ 1.37 $ 1.51 $ 1.19 $ 0.87 $ 3.37 $ 4.95 $ 4.33
Discontinued operations     (7.51) (0.03) 0.12 0.10 0.09 0.16 (7.57) 0.46 0.62
Earnings (loss) attributable to Ecolab 1.05 0.86 (7.06) 0.98 1.49 1.61 1.28 1.03 (4.20) 5.41 4.95
Diluted EPS                      
Continuing operations 1.04 0.85 0.44 1.00 1.35 1.49 1.18 0.86 3.33 4.87 4.27
Discontinued operations     (7.42) (0.03) 0.12 0.10 0.09 0.15 (7.48) 0.46 0.61
Earnings (loss) attributable to Ecolab $ 1.04 $ 0.85 $ (6.98) $ 0.97 $ 1.47 $ 1.59 $ 1.26 $ 1.01 $ (4.15) $ 5.33 $ 4.88
Weighted-average common shares outstanding                      
Basic (in shares) 285.6 285.4 288.2 288.8 288.3 288.1 287.6 288.2 287.0 288.1 288.6
Diluted (in shares) 288.7 288.4 291.5 292.6 292.6 292.8 292.1 292.3 290.3 292.5 292.8
Net income (loss) from discontinued operations attributable to noncontrolling interest                 $ 2.2 $ 0.0 $ (4.4)
Cost of sales                      
Special (gains) and charges                 48.2 38.5 4.8
Weighted-average common shares outstanding                      
Cost of sales, special charges $ 2.6 $ 9.5 $ 27.0 $ 9.1 $ 15.7 $ 11.4 $ 7.8 $ 3.6      
Other (income) expense                      
Special (gains) and charges $ 0.4       9.5       0.4 9.5  
Interest expense                      
Special (gains) and charges                 $ 83.8 $ 0.2 $ 0.3
Weighted-average common shares outstanding                      
Interest expense, special charges   $ 83.1 0.7         0.2      
Net income attributable to noncontrolling interest                      
Weighted-average common shares outstanding                      
Net income (loss) attributable to noncontrolling interest, special charges     $ (0.3) $ 2.5 $ (0.3) $ 0.7 $ (0.3) $ (0.1)