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  Year Ending Dec 2023 (Update) Year Ending Dec 2022 (Update) Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Restated)
Net Sales 4,365.24 5,235.28 3,699.63 2,764.54
Revenue 4,365.24 5,235.28 3,699.63 2,764.54
Total Revenue 4,365.24 5,235.28 3,699.63 2,764.54
Cost of Revenue 1,343.25 1,896.89 1,305.27 748.50
Cost of Revenue, Total 1,343.25 1,896.89 1,305.27 748.50
Gross Profit 3,021.98 3,338.39 2,394.36 2,016.03
Selling/General/Administrative Expense 2,365.87 2,744.26 2,088.78 1,730.16
Labor & Related Expense 102.31 108.29 72.67 182.72
Selling/General/Administrative Expenses, Total 2,468.19 2,852.55 2,161.46 1,912.87
Research & Development 334.49 329.44 220.12 180.01
Depreciation 175.10 123.98 75.02 68.82
Amortization of Intangibles, Operating 295.97 307.72 74.84 94.64
Depreciation/Amortization 471.07 431.70 149.85 163.46
Restructuring Charge -- 80.24 -- --
Impairment-Assets Held for Use 9.00 112.75 0.00 356.35
Impairment-Assets Held for Sale -- -- -- --
Other Unusual Expense (Income) -- -52.81 -3.10 -1.06
Unusual Expense (Income) 9.00 140.18 -3.10 355.29
Total Operating Expense 4,626.00 5,650.75 3,833.60 3,360.14
Operating Income -260.76 -415.47 -133.97 -595.60
Interest Expense - Non-Operating -157.63 -110.17 -34.26 -16.17
Interest Expense, Net Non-Operating -157.63 -110.17 -34.26 -16.17
Interest Income, Non-Operating -- 24.92 1.35 7.18
Investment Income, Non-Operating 721.67 -752.36 816.27 851.60
Interest/Investment Income, Non-Operating 721.67 -727.44 817.63 858.77
Interest Income (Expense), Net-Non-Operating, Total 564.04 -837.61 783.36 842.61
Other Non-Operating Income (Expense) 63.86 -273.16 80.41 -2.85
Other, Net 63.86 -273.16 80.41 -2.85
Net Income Before Taxes 367.14 -1,526.24 729.81 244.16
Income Tax – Total 108.82 -331.09 138.99 -45.71
Income After Tax 258.32 -1,195.15 590.82 289.87
Minority Interest 7.63 22.29 8.75 0.73
Net Income Before Extraordinary Items 265.94 -1,172.86 599.56 290.59
Discontinued Operations 0.00 5.39 -1.57 -34.18
Extraordinary Item -- -- -- --
Tax on Extraordinary Items -- -2.70 -0.45 13.31
Total Extraordinary Items 0.00 2.69 -2.02 -20.87
Net Income 265.94 -1,170.17 597.55 269.73
Miscellaneous Earnings Adjustment -- 0.00 -20.09 --
Total Adjustments to Net Income -- 0.00 -20.09 --
Income Available to Common Excluding Extraordinary Items 265.94 -1,172.86 579.47 290.59
Income Available to Common Stocks Including Extraordinary Items 265.94 -1,170.17 577.46 269.73
Basic Weighted Average Shares 86.63 86.35 86.22 85.36
Basic EPS Excluding Extraordinary Items 3.07 -13.58 6.72 3.40
Basic EPS Including Extraordinary Items 3.07 -13.55 6.70 3.16
Dilution Adjustment -- -- 1.58 0.07
Diluted Net Income 265.94 -1,170.17 579.04 269.80
Diluted Weighted Average Shares 89.54 86.35 91.83 90.95
Diluted EPS Excluding Extraordinary Items 2.97 -13.58 6.33 3.20
Diluted EPS Including Extraordinary Items 2.97 -13.55 6.31 2.97
DPS - Common Stock Primary Issue -- -- -- --
Dividend per Share – Common Stock Issue 2 -- -- -- --
Gross Dividends - Common Stock -- 0.00 0.00 0.00
Other Unusual Expense (Income), Supplemental -- -- 14.99 -6.92
Non-Recurring Items, Total -- -- 14.99 -6.92
Total Special Items 9.00 140.18 11.89 348.37
Normalized Income Before Taxes 376.14 -1,386.06 741.70 592.53
Effect of Special Items on Income Taxes 2.67 49.06 2.27 121.93
Income Taxes Excluding Impact of Special Items 111.49 -282.02 141.26 76.22
Normalized Income After Taxes 264.65 -1,104.03 600.44 516.31
Normalized Income Available to Common 272.27 -1,081.75 589.10 517.03
Basic Normalized EPS 3.14 -12.53 6.83 6.06
Diluted Normalized EPS 3.04 -12.53 6.43 5.69
Amortization of Intangibles, Supplemental 295.97 307.72 74.84 94.64
Depreciation, Supplemental 175.10 130.99 75.02 68.82
Interest Expense, Supplemental 157.63 110.17 34.26 16.17
Rental Expense, Supplemental -- 70.40 44.01 38.71
Stock-Based Compensation, Supplemental 117.18 123.48 79.49 189.00
Advertising Expense, Supplemental -- 1,000.00 877.20 796.70
Equity in Affiliates, Supplemental -- -- -- --
Minority Interest, Supplemental 7.63 22.29 8.75 0.73
Research & Development Expense, Supplemental 334.49 329.44 220.12 180.01
Audit-Related Fees, Supplemental -- 5.53 4.84 3.10
Audit-Related Fees -- 0.91 1.19 1.04
Tax Fees, Supplemental -- 0.01 0.00 0.14
Gross Margin 69.23 63.77 64.72 72.92
Operating Margin -5.97 -7.94 -3.62 -21.54
Pretax Margin 8.41 -29.15 19.73 8.83
Effective Tax Rate 29.64 -- 19.04 -18.72
Net Profit Margin 6.09 -22.40 15.66 10.51
Normalized EBIT -251.76 -275.29 -122.08 -247.24
Normalized EBITDA 219.30 163.41 27.78 -83.77
Current Tax - Domestic -- 0.78 -5.82 -29.18
Current Tax - Foreign -- 1.18 6.68 -0.50
Current Tax - Local -- 4.71 4.75 2.33
Current Tax - Total -- 6.67 5.61 -27.35
Deferred Tax - Domestic -- -252.02 111.76 -8.10
Deferred Tax - Foreign -- -41.40 3.56 -4.13
Deferred Tax - Local -- -44.34 18.06 -6.13
Deferred Tax - Total -- -337.76 133.38 -18.36
Income Tax - Total -- -331.09 138.99 -45.71
Interest Cost - Domestic -- 4.37 0.22 --
Service Cost - Domestic -- 3.56 0.37 --
Expected Return on Assets - Domestic -- -2.75 -0.56 --
Actuarial Gains and Losses - Domestic -- 8.15 -2.48 --
Curtailments & Settlements - Domestic -- -3.98 -- --
Transition Costs - Domestic -- 0.00 11.79 --
Domestic Pension Plan Expense -- 9.36 9.33 --
Interest Cost - Foreign -- 15.01 0.98 --
Expected Return on Assets - Foreign -- -16.86 -1.64 --
Actuarial Gains and Losses - Foreign -- 208.96 9.72 --
Foreign Pension Plan Expense -- 207.11 9.07 --
Interest Cost - Post-Retirement -- 0.26 0.02 --
Service Cost - Post-Retirement -- 0.01 0.00 --
Actuarial Gains and Losses - Post-Retirement -- -3.72 -0.13 --
Curtailments & Settlements - Post-Retirement -- -3.04 -- --
Post-Retirement Plan Expense -- -6.49 -0.11 --
Defined Contribution Expense - Domestic -- 36.40 22.80 --
Defined Contribution Expense - Foreign -- 1.10 0.90 --
Total Pension Expense -- 247.49 41.99 --
Discount Rate - Domestic -- 3.28 2.02 --
Discount Rate - Foreign -- 1.67 1.40 --
Discount Rate - Post-Retirement -- 2.61 2.52 --
Expected Rate of Return - Domestic -- 2.80 6.00 --
Expected Rate of Return - Foreign -- 1.90 1.90 --
Compensation Rate - Domestic -- 2.95 2.90 --
Compensation Rate - Post-Retirement -- 3.50 3.50 --
Total Plan Interest Cost -- 19.65 1.23 --
Total Plan Service Cost -- 3.57 0.37 --
Total Plan Expected Return -- -19.61 -2.20 --

In millions of USD (except for per share items)

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