Spreadsheet: 0c7fd7b6-0689-42bb-b6b4-4487a9d38660
Sheet: Sheet1

ECOLAB INC. | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12
CONSOLIDATED STATEMENT OF INCOME
THIRD QUARTER & NINE MONTHS ENDED SEPTEMBER 30, 2011
(unaudited)
 |  | Third Quarter Ended |  |  |  |  |  | Nine Months Ended
 |  | September 30 |  |  |  | % |  | September 30 |  |  |  | %
(millions, except per share) |  | 2011 |  | 2010 |  | Change |  | 2011 |  | 2010 |  | Change
Net sales |  | 1736.1 |  | 1561.9 |  | 0.1115308278378896 |  | 4953.2 |  | 4514.2 |  | 0.0972486819369988
Cost of sales (1) |  | 877.9 |  | 763.4 |  | 0.1499869007073618 |  | 2509.1 |  | 2230.1 |  | 0.1251064974664813
Selling, general and administrative expenses |  | 595.3 |  | 558.5 |  | 0.06589077887197843 |  | 1786.5 |  | 1681.9 |  | 0.06219156905880249
Special (gains) and charges (1) |  | 23.3 |  | -5.1 |  |  |  | 68 |  | -1
Operating income |  | 239.6 |  | 245.1000000000001 |  | -0.02243982048143672 |  | 589.5999999999999 |  | 603.1999999999998 |  | -0.02254641909814309
Interest expense, net |  | 13.2 |  | 14.9 |  | -0.1140939597315437 |  | 39.8 |  | 44.9 |  | -0.1135857461024499
Income before income taxes |  | 226.4 |  | 230.2000000000001 |  | -0.01650738488271122 |  | 549.8 |  | 558.2999999999998 |  | -0.01522478953967381
Provision for income taxes |  | 71.9 |  | 55.9 |  | 0.2862254025044724 |  | 175.3 |  | 158.8 |  | 0.103904282115869
Net income including noncontrolling interest |  | 154.5 |  | 174.3000000000001 |  | -0.1135972461273673 |  | 374.4999999999999 |  | 399.4999999999998 |  | -0.06257822277847283
Less: Net income attributable to noncontolling interest |  | 0.2 |  | 0.1 |  |  |  | 0.7 |  | 0.5
Net income attributable to [NAME] |  | 154.3 |  | 174.2000000000001 |  | -0.1142365097588984 |  | 373.8 |  | 398.9999999999998 |  | -0.06315789473684182
Earnings attributable to Ecolab per common share
 | Basic | 0.67 |  | 0.75 |  | -0.1066666666666666 |  | 1.61 |  | 1.71 |  | -0.05847953216374261
 | Diluted | 0.65 |  | 0.74 |  | -0.1216216216216216 |  | 1.58 |  | 1.68 |  | -0.05952380952380944
Weighted-average common shares outstanding
 | Basic | 231.9 |  | 232.8 |  | -0.003865979381443323 |  | 231.8 |  | 233.8 |  | -0.00855431993156544
 | Diluted | 236.1 |  | 237 |  | -0.003797468354430404 |  | 236.2 |  | 238 |  | -0.007563025210084081
(1) Amounts include the following special gains and charges:
 |  | Third Quarter Ended |  |  |  |  |  | Nine Months Ended
 |  | September 30 |  |  |  |  |  | September 30
 | (millions) | 2011 |  | 2010 |  |  |  | 2011 |  | 2010
 | Cost of sales
 | Restructuring | 4.5 |  | 0 |  |  |  | 5.3 |  | 0
 | Subtotal cost of sales | 4.5 |  | 0 |  |  |  | 5.3 |  | 0
 | Special (gains) and charges
 | Restructuring | 12.6 |  | 0 |  |  |  | 52.8 |  | 0
 | Business structure and optimization | 0.3 |  | 0.6 |  |  |  | 1.2 |  | 1.8
 | Cleantec acquisition integration charges | 0.1 |  | 0 |  |  |  | 3.7 |  | 0
 | Nalco merger and integration costs | 10.3 |  | 0 |  |  |  | 10.3 |  | 0
 | Gain on sale of investment | 0 |  | -5.9 |  |  |  | 0 |  | -5.9
 | Venezuela currency devaluation | 0 |  | 0 |  |  |  | 0 |  | 4.2
 | Business write-downs and closures | 0 |  | -0.4 |  |  |  | 0 |  | -1.4
 | Other items | 0 |  | 0.6 |  |  |  | 0 |  | 0.3
 | Subtotal special (gains) and charges | 23.3 |  | -5.100000000000001 |  |  |  | 68 |  | -1
 | Total special (gains) and charges | 27.8 |  | -5.100000000000001 |  |  |  | 73.3 |  | -1