Spreadsheet: 012e21ba-f324-4b95-bb42-e0968a62229d
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
SECOND QUARTER & SIX MONTHS ENDED JUNE 30, 2011
(unaudited)
 |  | Second Quarter Ended |  |  |  |  |  | Six Months Ended
 |  | June 30 |  |  |  | % |  | June 30 |  |  |  | %
(millions, except per share) |  | 2011 |  | 2010 |  | Change |  | 2011 |  | 2010 |  | Change
Net sales |  | 1698.8 |  | 1520.2 |  | 0.1174845415076963 |  | 3217.1 |  | 2952.3 |  | 0.08969278189885842
Cost of sales (1) |  | 860.8 |  | 750 |  | 0.1477333333333333 |  | 1631.2 |  | 1466.7 |  | 0.1121565418967751
Selling, general and administrative expenses |  | 609.6 |  | 565.3 |  | 0.07836546966212643 |  | 1191.2 |  | 1123.4 |  | 0.06035250133523228
Special (gains) and charges (1) |  | 30.1 |  | 0.6 |  |  |  | 44.7 |  | 4.1
Operating income |  | 198.3 |  | 204.3000000000001 |  | -0.02936857562408278 |  | 349.9999999999998 |  | 358.1 |  | -0.02261938006143589
Interest expense, net |  | 13.1 |  | 15 |  | -0.1266666666666667 |  | 26.6 |  | 30 |  | -0.1133333333333333
Income before income taxes |  | 185.2 |  | 189.3000000000001 |  | -0.02165874273639781 |  | 323.3999999999998 |  | 328.1 |  | -0.01432490094483455
Provision for income taxes |  | 59 |  | 59.8 |  | -0.01337792642140464 |  | 103.4 |  | 102.9 |  | 0.004859086491739553
Net income including noncontrolling interest |  | 126.2 |  | 129.5000000000001 |  | -0.02548262548262643 |  | 219.9999999999998 |  | 225.2 |  | -0.02309058614564927
Less: Net income attributable to noncontolling interest |  | 0.3 |  | 0.2 |  |  |  | 0.5 |  | 0.4
Net income attributable to [NAME] |  | 125.9 |  | 129.3000000000001 |  | -0.0262954369682918 |  | 219.4999999999998 |  | 224.8 |  | -0.02357651245551695
Earnings attributable to Ecolab per common share
 | Basic | 0.54 |  | 0.55 |  | -0.01818181818181819 |  | 0.95 |  | 0.96 |  | -0.01041666666666668
 | Diluted | 0.53 |  | 0.54 |  | -0.01851851851851853 |  | 0.93 |  | 0.94 |  | -0.01063829787234032
Weighted-average common shares outstanding
 | Basic | 231.6 |  | 233.4 |  | -0.007712082262210845 |  | 231.8 |  | 234.4 |  | -0.01109215017064844
 | Diluted | 236.1 |  | 237.4 |  | -0.00547598989048025 |  | 236.2 |  | 238.1 |  | -0.007979840403191961
(1) Amounts include the following special gains and charges:
 |  | Second Quarter Ended |  |  |  |  |  | Six Months Ended
 |  | June 30 |  |  |  |  |  | June 30
 | (millions) | 2011 |  | 2010 |  |  |  | 2011 |  | 2010
 | Cost of sales
 | Restructuring | 0 |  | 0 |  |  |  | 0.8 |  | 0
 | Subtotal cost of sales | 0 |  | 0 |  |  |  | 0.8 |  | 0
 | Special (gains) and charges
 | Restructuring | 29.8 |  | 0 |  |  |  | 40.2 |  | 0
 | Acquisition integration charges | 0 |  | 0 |  |  |  | 3.6 |  | 0
 | Business structure and optimization | 0.3 |  | 0.6 |  |  |  | 0.9 |  | 1.2
 | Venezuela currency devaluation | 0 |  | 0 |  |  |  | 0 |  | 4.2
 | Business write-downs and closures | 0 |  | 0 |  |  |  | 0 |  | -1
 | Other items | 0 |  | 0 |  |  |  | 0 |  | -0.3
 | Subtotal special (gains) and charges | 30.1 |  | 0.6 |  |  |  | 44.7 |  | 4.100000000000001
 | Total special (gains) and charges | 30.1 |  | 0.6 |  |  |  | 45.5 |  | 4.100000000000001