1 unchanged sentence
Our Common Stock and Common Stock Non-Voting are listed and traded on the New York Stock Exchange (NYSE).
−Removed: Our Common Stock and Common Stock Non-Voting trade under the ticker symbols MKCV and MKC, respectively.
+Added: Our Common Stock and Common Stock Non-Voting trade under the ticker symbols MKC.V and MKC, respectively.
We have disclosed in note 17 of the accompanying financial statements the information relating to the dividends declared and paid on our classes of common stock.
The market price of our common stock at the close of business on December 31, 2021 was $95.39 per share for the Common Stock and $96.61 per share for the Common Stock Non-Voting.
−Removed: On November 30, 2020, the Company effected a two-for-one stock split in the form of a stock dividend on all shares of the Company's two classes of common stock.
−Removed: On November 30, 2020, one like share was issued for each outstanding share to shareholders of record as of November 20, 2020.
−Removed: All common stock and per share data has been retroactively adjusted to reflect the stock split.
The approximate number of holders of our common stock based on record ownership as of December 31, 2021 was as follows:
Title of class Approximate
−Removed: Common Stock, no par value 2,000
−Removed: Common Stock Non-Voting, no par value 9,400
+Added: Common Stock, par value $0.01 per share 2,100
+Added: Common Stock Non-Voting, par value $0.01 per share 9,400
The following table summarizes our purchases of Common Stock (CS) and Common Stock Non-Voting (CSNV) during the fourth quarter of 2021:
9 unchanged sentences
CSNV-1,600 $79.88
+Added: $80.96 11,640
1,600 $578 million
4 unchanged sentences
CSNV-1,600 $84.64
+Added: $80.96 62,838
1,600 $576 million
+Added: (1) On September 1, 2021 and September 29, 2021, we purchased 15,870 shares and 17,321 shares, respectively, of our CS from our U.S.
+Added: defined contribution retirement plan to manage shares, based upon participant activity, in the plan's company stock fund.
+Added: The price paid per share represented the closing price of the common shares on September 1, 2021 and September 29, 2021, respectively.
+Added: (2) On November 23, 2021, we purchased 18,007 shares of our CS from our U.S.
+Added: defined contribution retirement plan to manage shares, based upon participant activity, in the plan's company stock fund.
+Added: The price paid per share represented the closing price of the common shares on November 23, 2021.
As of November 30, 2021, approximately $576 million remained of a $600 million share repurchase authorization approved by the Board of Directors in November 2019.
4 unchanged sentences
During fiscal 2021, we issued 617,155 shares of CSNV in exchange for shares of CS and issued 14,262 shares of CS in exchange for shares of CSNV.
−Removed: SELECTED FINANCIAL DATA
−Removed: HISTORICAL FINANCIAL SUMMARY
−Removed: (millions except per share and percentage data) 2020 2019 2018 2017 2016
−Removed: Net sales $ 5,601.3 $ 5,347.4 $ 5,302.8 $ 4,730.3 $ 4,313.9
−Removed: Operating income 999.5 957.7 891.1 699.8 649.4
−Removed: Income from unconsolidated operations 40.8 40.9 34.8 33.9 36.1
−Removed: Net income 747.4 702.7 933.4 477.4 472.3
−Removed: Per Common Share (1)
−Removed: Earnings per share–basic $ 2.80 $ 2.65 $ 3.55 $ 1.88 $ 1.87
−Removed: Earnings per share–diluted 2.78 2.62 3.50 1.86 1.85
−Removed: Common dividends declared 1.27 1.17 1.07 0.97 0.88
−Removed: Closing price, non-voting shares–end of year 93.49 84.63 75.00 51.09 45.60
−Removed: Book value per share 14.76 13.01 12.05 9.81 6.53
−Removed: Total assets $ 12,089.7 $ 10,362.1 $ 10,256.4 $ 10,385.8 $ 4,635.9
−Removed: Current debt 1,150.6 698.4 643.5 583.2 393.2
−Removed: Long-term debt 3,753.8 3,625.8 4,052.9 4,443.9 1,054.0
−Removed: Shareholders’ equity 3,940.0 3,456.7 3,182.2 2,570.9 1,638.1
−Removed: Other Financial Measures
−Removed: Percentage of net sales
−Removed: Gross profit 41.1 % 40.1 % 39.5 % 37.9 % 38.1 %
−Removed: Operating income 17.8 % 17.9 % 16.8 % 14.8 % 15.1 %
−Removed: Capital expenditures $ 225.3 $ 173.7 $ 169.1 $ 182.4 $ 153.8
−Removed: Depreciation and amortization 165.0 158.8 150.7 125.2 108.7
−Removed: Common share repurchases 47.3 95.1 62.3 137.8 242.7
−Removed: Dividends paid 330.1 302.2 273.4 237.6 217.8
−Removed: Average shares outstanding (1)
−Removed: Basic 266.5 265.1 263.1 253.6 253.1
−Removed: Diluted 269.1 268.1 266.5 256.8 255.9
−Removed: (1) On November 30, 2020, the Company effected a two-for-one stock split to shareholders of record as of November 20, 2020.
−Removed: All common stock and per share data has been retroactively adjusted to reflect the stock split.
−Removed: The historical financial summary includes the impact of certain items that affect the comparability of financial results year to year.
−Removed: The net impact of these items is reflected in the following table:
−Removed: (millions except per share data) 2020 2019 2018 2017 2016
−Removed: Operating income (1)
−Removed: $ (19.3) $ (20.8) $ (38.8) $ (83.9) $ (16.0)
−Removed: Net income (2)
−Removed: (15.3) (14.6) 271.4 (69.3) (11.1)
−Removed: Earnings per share–diluted (3)
−Removed: (0.05) (0.06) 1.02 (0.27) (0.04)
−Removed: (1) In 2020, 2019, 2018, 2017, and 2016, we recorded special charges related to the completion of organization and streamlining actions, including, for 2016, special charges related to the discontinuance of bulk-packaged and broken basmati rice product lines for our business in India.
−Removed: In 2020, we recorded transaction and integration expenses related to our
−Removed: acquisitions of Cholula and FONA .
−Removed: In 2018 and 2017, we recorded transaction and integration expenses related to our acquisition of RB Foods.
−Removed: (2) In 2019 and 2018, we recorded a non-recurring benefit from the U.S.
−Removed: Tax Act of $1.5 million and $301.5 million, respectively.
−Removed: (3) On November 30, 2020, the Company effected a two-for-one stock split to shareholders of record as of November 20, 2020.
−Removed: All common stock and per share data has been retroactively adjusted to reflect the stock split.
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.