16 unchanged sentences
At 30 September 2021, $485.3 million in share repurchase authorization remained.
−Removed: Additional purchases will be completed at our discretion while maintaining sufficient funds for investing in businesses and growth opportunities.
+Added: Additional purchases will be completed at our discretion while maintaining sufficient funds for investing in our business and pursuing growth opportunities.
Performance Graph
6 unchanged sentences
S&P 500 Materials Index 100 121 126 130 145 184
−Removed: Selected Financial Data.
−Removed: (Millions of dollars, except for share and per share data) 2020 2019 2018 2017 2016
−Removed: Sales $8,856 $8,919 $8,930 $8,188 $7,504
−Removed: Operating income 2,238 2,144 1,966 1,440 1,535
−Removed: Operating margin 25.3 % 24.0 % 22.0 % 17.6 % 20.5 %
−Removed: Equity affiliates’ income (A)
−Removed: 265 215 175 80 147
−Removed: Net income (B)
−Removed: 1,931 1,809 1,533 3,021 662
−Removed: Net income margin 21.8 % 20.3 % 17.2 % 36.9 % 8.8 %
−Removed: Income from continuing operations 1,945 1,809 1,491 1,155 1,122
−Removed: Basic earnings per common share from continuing operations 8.59 7.99 6.64 5.20 5.08
−Removed: Diluted earnings per common share from continuing operations 8.55 7.94 6.59 5.16 5.04
−Removed: Adjusted diluted earnings per common share from continuing operations (C)
−Removed: $8.38 $8.21 $7.45 $6.31 $5.64
−Removed: Adjusted EBITDA (C)
−Removed: 3,620 3,468 3,116 2,799 2,622
−Removed: Adjusted EBITDA margin (C)
−Removed: 40.9 % 38.9 % 34.9 % 34.2 % 34.9 %
−Removed: Dividends declared per common share 5.18 4.58 4.25 3.71 3.39
−Removed: Total assets (D)
−Removed: 25,169 18,943 19,178 18,467 18,029
−Removed: Total debt (E)
−Removed: 7,908 3,326 3,813 3,963 5,211
−Removed: (A) Fiscal year 2020 included a benefit of $34 related to legislation passed by the Indian government in the second quarter.
−Removed: Fiscal year 2018 included an expense of $29 related to the U.S.
−Removed: Tax Cuts and Jobs Act.
−Removed: Fiscal year 2017 included the impact of an other-than-temporary noncash impairment charge of $80 on a 25%‑owned equity affiliate in Saudi Arabia.
−Removed: (B) Fiscal year 2017 included net income from discontinued operations of $1,866 primarily resulting from the sale of the Performance Materials Division to Evonik Industries AG.
−Removed: Fiscal year 2016 included a net loss from discontinued operations of $465, which included an after-tax loss of $847 related to the exit of Energy-from-Waste, partially offset by income from operations of the former Electronic Materials and Performance Materials divisions.
−Removed: (C) A reconciliation of adjusted diluted earnings per common share from continuing operations to diluted earnings per common share from continuing operations on a GAAP basis is presented on page 32.
−Removed: A reconciliation of adjusted EBITDA and adjusted EBITDA margin to net income and net income margin on a GAAP basis, respectively, is presented on page 33.
−Removed: (D) Total assets as of 30 September 2020 was impacted by proceeds from the issuance of U.S.
−Removed: Dollar- and Euro-denominated fixed-rate notes in the third quarter of fiscal year 2020.
−Removed: Total assets as of 30 September 2017 and 2016 included those associated with continuing and discontinued operations.
−Removed: (E) Total debt includes long-term debt and current portion of long-term debt, including debt owed to related parties, and short-term borrowings as of the end of the fiscal year for continuing operations.
−Removed: Long-term obligations increased in fiscal year 2020 due to the issuance of U.S.
−Removed: Dollar- and Euro-denominated fixed-rate notes in the third quarter.
−Removed: Long-term obligations decreased in fiscal year 2017 primarily due to debt repayments subsequent to the spin-off of the former Electronic Materials Division as Versum Materials, Inc.
+Added: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.