Impact of Additional Week on Net Sales
Impact of Additional Week on EPS - QTD
STE
connectivity
Acquisition-
Adjustments
Restructuring
Adjustment
14 Weeks
U.S. GAAP
Related
Charges
and Other
(1)
Charges, Net (1)
(2)
Tax Items
Adjusted
(Non-GAAP)
(3)
Impact of
14th Week
13 Weeks
Adjusted
(Non-GAAP)
(3)(4)
Diluted earnings per share from
continuing operations
$
2.21
$
0.04
$
0.21
$
(0.57)
$
1.88
$
(0.13)
$
1.75
(1)
The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such
jurisdiction.
(2) Includes a $67 million income tax benefit related to the tax impacts of certain intercompany transactions, a $64 million income tax benefit related primarily to a lapse of a
statute of limitation, and a $51 million income tax benefit related to the release of a valuation allowance associated primarily with improved current and expected future
operating profit and taxable income.
(3)
(4)
See description of non-GAAP financial measures.
Excludes the impact of an additional week in the fourth quarter of fiscal 2022. The impact of the additional week was estimated using average adjusted earnings per share
for the fourth quarter of the fiscal year.
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