Capital Allocation and Growth Strategy
Reconciliation of GAAP and Non-GAAP Information
Year-ending: December 31, 2019
In Millions of Dollars Except Per
Share Amounts
Gross Profit
Operating Profit
Interest-
Expense, Net
Net Income
Income
Per Share-
Diluted
GAAP results
$3,622.5
$1,596.0
$144.1
$ 1,149.7
$5.46
Adjustments:
Derivative mark-to-market gains
Business realignment activities
Acquisition-related costs
Pension settlement charges relating to Company-
directed initiatives
Long-lived and intangible asset impairment charges
Noncontrolling interest share of business realignment
and impairment charges
Gain on sale of other assets
Tax effect of all adjustments reflected above
(28.7)
(28.7)
9.2
2.0
10.2
.
112.5
(11.3)
I
I
I
(25.2)
(0.14)
7.3
0.04
7.7
0.05
1.8
0.01
88.5
0.53
(2.8)
(0.01)
(8.5)
(0.05)
(0.11)
Non-GAAP results
$3,595.8
$1,687.9
$144.1
$1,218.4
$5.78View entire presentation