Capital Allocation and Growth Strategy
Reconciliation of GAAP and Non-GAAP Information
Year-ending: December 31, 2020
In Millions of Dollars Except Per
Share Amounts
Gross Profit
Operating Profit
Interest-
Expense, Net
Net Income
Income
Per Share-
Diluted
GAAP results
$ 3,701.3
$1,782.7
$149.4
$1,278.7
$ 6.11
Adjustments:
Derivative mark-to-market losses
6.4
6.4
2.2
31.5
3.6
Business realignment activities
Acquisition-related costs
Pension settlement charges relating to Company-
directed initiatives
Long-lived asset impairment charges
Noncontrolling interest share of business realignment
and impairment charges
Other miscellaneous benefits
Tax effect of all adjustments reflected above
9.1
(3.2)
1
I
5.1
0.03
24.0
0.15
2.8
0.03
2.6
0.02
8.8
0.04
(3.4)
(0.02)
(2.4)
(0.01)
(0.06)
Non-GAAP results
$ 3,709.9
$ 1,830.2
$149.4
$1,316.2
$6.29View entire presentation