Investor Presentaiton
AON
Appendix B: Reconciliation of Non-GAAP Measures - Operating
Income and Diluted Earnings Per Share¹ (Cont'd)
Twelve Months Ended
December 31.
(millions, except per share data)
Operating income - as adjusted
Interest income
Interest expense
Hewitt related costs
Interest expense
- as adjusted
Other (expense) income - as adjusted
Income from continuing operations before income taxes - as adjusted
Income taxes (2)
Income from continuing operations - as adjusted
Less: Net income attributable to noncontrolling interests
Income from continuing operations attributable to Aon stockholders -
as adjusted
Diluted earnings per share from continuing operations as adjusted
-
Weighted average common shares outstanding - diluted
2010
(as revised)
$
1,650
15
(182)
14
(168)
1,497
433
1,064
26
1,038
$
3.48
298.1
(1)
(2)
Certain noteworthy items impacting operating income in 2010 are described in this schedule. The items shown with the caption "as adjusted" are non-GAAP measures.
The effective tax rate for continuing operations is 28.4% for the twelve months ended December 31, 2010. All adjusting items are generally taxes at the effective tax rate. However, the
twelve months ended December 31, 2010 U.S. GAAP effective tax rate was adjusted to 28.9% to exclude the impact of the 40% tax rate applied t the $49 million U.S. pension expense
adjustment for prior year recorded in the second quarter 2010.
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