Refinish Business Review
Adjusted EBIT Reconciliation
($ in millions)
Income from operations
Other expense (income), net
Total
Debt extinguishment and refinancing-related costs
Termination benefits and other employee-related costs
Strategic review and retention costs
A
B
C
D
Acquisition and divestiture-related costs
E
F
G
Brazil indirect tax
H
Gains on sales of facilities
Accelerated depreciation and site closure costs
Operational matter
Russia sanction-related impacts
J
Commercial agreement restructuring impacts
K
Other adjustments
L
Step-up depreciation and amortization
Adjusted EBIT
Segment Adjusted EBIT:
Performance Coatings
Mobility Coatings
Total
Step-up depreciation and amortization
Adjusted EBIT
EA
$
SA
FY 2022
423.2 $
FY 2021
462.4
Q4 2022
Q4 2021
109.8 $
94.7
26.1
(12.3)
13.7
(1.4)
397.1 $
474.7 $
96.1 $
96.1
14.7
0.2
15.3
24.9
36.9
14.8
1.8
―
9.7
2.9
16.9
0.1
6.1
4.3
2.5
0.1
0.7
0.2
4.4
0.1
0.5
75
(8.3)
-
(1.5)
(19.7)
(1.5)
(10.8)
5.0
0.2
25.0
(0.3)
0.8
(0.9)
1.8
93.0
105.1
22.9
24.8
565.3 $
623.2 $
147.2 $
121.0
SA
SA
$
448.3 $
479.4 $
106.7 $
99.7
24.0
38.7
17.6
(3.5)
472.3 $
518.1 $
124.3 $
96.2
93.0
105.1
22.9
24.8
GA
565.3 $
623.2 $
147.2 $
121.0
19
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