Newell Brands Inc. is a leading global consumer goods company with a strong portfolio of well-known brands, including Sharpie, Paper Mate, Mr. Coffee, Rubbermaid, Yankee Candle, and others. The items reported on its income statement for the year ended December 31, 2019, are presented here (dollars in millions) in alphabetical order:

Required:
Using appropriate headings and subtotals, prepare a multiple-step consolidated income statement (showing gross profit, operating income, and any other subheadings you deem appropriate). Note that the company has an income tax benefit (they are receiving money back from the government) related to its loss.

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Cost of Products Sold Income Tax Benefit Interest and Other Nonoperating Expense Impairment expense of goodwill, intangibles and other assets Loss from discontinued operations, net of tax Net Sales Other Expense Selling, General, and Administrative Expenses $6,495.5 1,037.7 369.9 1,223.0 (79.5) 9,714.9 27.1 2,451.0