Sunday, November 26, 2017

35 US Manufacturing Companies With Stock Market Caps Above $20 Bil and Not Covered In Earlier Posts Paid Total US Federal Income Tax Rate of 23.2% in the Most Recent Five Years, 11.8% Below the Statutory US Federal Income Tax Rate on Large Corporations of 35.0% ...................................................................................... The Free-Spending Trump Administration Reacts By Irrationally Trying To Force the US Senate To Lower US Federal Income Taxes on Large Corporations By Another 43% By Reducing the Statutory US Federal Income Tax Rate From 35.0% to 20.0% and Also Doubling Down on First Year Bonus Tax Depreciation, Which Enormously Benefits Manufacturing Companies


Based on a review of their audited annual financial statements and income tax footnotes filed with the SEC, below is the US Federal Income Tax Paid along with the related US Pretax Income for the most recent five years for each of 35 US Manufacturing Companies (All with Stock Market Caps Above $20 Bil) and which were not covered in earlier posts:













Total Total
















5 Years 5 Years 5 Years

2016 2016
2015 2015
2014 2014
2013 2013
2012 2012
2012-16 2012-16 2012-16

US US
US US
US US
US US
US US
US US Effective
Other Large Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax
Tax Pretax US Tax
US Manufacturing Cos Paid Income
Paid Income
Paid Income
Paid Income
Paid Income
Paid Income Rate Paid
Not Covered Before mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s
mils $s mils $s



















Intel     1,319     6,957         2,828     8,800
    3,374   11,565
    2,730     9,374
    2,539   10,042
  12,790     46,738 27.4%
3M     1,192     4,366
    1,338     4,399
    1,103     3,815
       948     3,194
       743     2,902
    5,324     18,676 28.5%
NVIDIA            7        600
       (43)        129
           8        174
           8          79
           8          99
       (12)       1,081 -1.1%
Altria Group     4,093   21,867
    2,516     8,078
    2,350     7,763
    2,066     6,929
    2,870     6,461
  13,895     51,098 27.2%
Danaher        237        648
       213        506
         24        456






       474       1,610 29.4%
Mondelez Intl      (227)      (364)
       (90)          43
     (125)      (135)
     (489)      (799)
     (420)   (1,822)
  (1,351)     (3,077) NM
Applied Materials        (36)        199
       134        629
       270        612
           3        194
         74        381
       445       2,015 22.1%
Micron Technology          -          (56)
         -            72
         (6)        178
           3        114
         -          446
         (3)          754 -0.4%
Illinois Tool Works        756     1,653
       503     1,660
       413     1,669
       410     1,444
       474     2,207
    2,556       8,633 29.6%
Monsanto        236     1,720
       393     1,457
       675     2,092
       648     2,436
       432     2,385
    2,384     10,090 23.6%
Constellation Brands        271        788
       126        599
       195        482
       142     2,051
         48        370
       782       4,290 18.2%
Kimberly Clark        523     2,088
       223        451
       350     1,571
       292     1,557
       112     1,223
    1,500       6,890 21.8%
LyondellBasell Industries        421     2,511
    1,009     3,691
       985     3,743
       969     3,912
       464     3,313
    3,848     17,170 22.4%
Sherwin-Williams        438     1,505
       400     1,441
       308     1,114
       230        970
       208        713
    1,584       5,743 27.6%
Air Products & Chemicals          63        670
       171        632
       117        508
         17        556
         98        429
       466       2,795 16.7%
Baxter          10     3,906
     (251)      (738)
     (305)      (803)
       296        446
       122        385
     (128)       3,196 -4.0%
HP Inc        439        468
  (2,206)        216
       232     1,511
       475     2,618
       330   (3,192)
     (730)       1,621 -45.0%
Johnson Controls Intl plc      (225)        868
       169        943
     (688)        418






     (744)       2,229 NM
TE Connectivity Ltd          (2)        (75)
  (1,115)      (115)
       (67)        (31)
       128      (133)
     (296)      (354)
  (1,352)        (708) NM
General Mills        369     1,942
       490     1,941
       393     1,339
       527     2,181
       493     2,051
    2,272       9,454 24.0%
PPG Industries      (232)      (163)
       130        740
       105        320
         83        447            176        220
       262       1,564 16.8%
Cummins        211        995
       516     1,275
       470     1,407
       239     1,058
       118        998
    1,554       5,733 27.1%
Delphi Automotive plc          63        214
         49        356
         46        232
         53        233
         71        470
       282       1,505 18.7%
Stanley Black & Decker          85        306
         64        406
         18        234
         84        113
         13          95
       264       1,154 22.9%
Paccar        323     1,191
       522     1,582
       482     1,267
       191        827
       126        787
    1,644       5,654 29.1%
Parker-Hannifin        132        723
       236        673
       186        780
       377     1,115
       167        654
    1,098       3,945 27.8%
International Paper          35        573
         62     1,147
       175        565
     (663)        775
         (3)        419
     (394)       3,479 -11.3%
Hershey        392     1,395
       409     1,358
       386     1,321
       373     1,252
       299        980
    1,859       6,306 29.5%
Archer Daniels Midland        327     1,215
       270     1,155
       641     2,224
       348     1,509
       300     1,035
    1,886       7,138 26.4%
Kellogg        173        830
       212        551
       301        502
       302     2,102
       383     1,008
    1,371       4,993 27.5%
Rockwell Collins          97        688
       120        824
       169        835
       110        754
       151        755
       647       3,856 16.8%
Agilent Technologies          (1)          27
       (91)          77
         17        (72)
         24          39
           6          45
       (45)          116 -38.8%
Align Technology          40        119
         29          88
           2          95
           0          32
         -            32
         71          366 19.4%
Mylan NV          87      (187)
         14        474
       218        679
         90        514
       167        691
       576       2,171 26.5%
Skywork Solutions        216        681
       182        698
       200        602
         88        347
         38        165
       724       2,493 29.0%



















Total all 35   11,832   60,868
    9,532   46,238
  13,022   49,032
  11,102   48,240
  10,311   36,393
  55,799   240,771 23.2%





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