Consolidated Statements of Operations (millions, except per share data) Cost of
ID: 2597480 • Letter: C
Question
Consolidated Statements of Operations (millions, except per share data) Cost of sales 2015 2014 2016 48,872 13,356 69,495 S 73,785 S 72,618 51,278 51,997 20,623 21,78821.340 14,676 14,665 Selling, general and administrative expenses Depreciation and amortization Gain on sale Earnings from continuing operations before interest expense and income (620) 4,535 882 4,9695.5 1,004 3.965 1,296 2,669 5,530 Net interest expense Earnings from continuing operations before income taxes Provision for income taxes Net earnings from continuing operations Discontinued operations, net of tax Net earnings/(loss) Basic earnings/(loss) per share 607 4,92 1,602 3,3212.44 1,204 (4,085) 2,737 3,363 (1,636) 68 42 4.62 S 5.29 $ 3.86 Continuing operations Discontinued operations (6.44) (2.58) 0.07 0.12 4.74 $ 5.35 $ Net earnings/(loss) per share Diluted earnings/(loss) per share Continuing operations Discontinued operations 4.58 $ 5.25$3.83 0.07 0.12 4.70 5.31 $ (6.38) (2.56 Net earnings/(loss) per share Weighted average common shares outstanding 577.6627.7 634,7 Basic Dilutive effect of share-based awards Diluted 4.9 582.5 5.2 640.1 3.3 632.9 Antidilutive shares 2.20 $ ividends declared per share Note: Per share amounts may not foot due to rounding. See accompanying Notes to Consolidated Financial Statements. 2.36 $Explanation / Answer
The target spent for selling, general and administrative expenses amount of $13,356 million in 2016, $14,665 million in 2015 and $14,676 million in 2014. (as shown in the statement of operations given in the question.)