2022 Q3 Financial Results
Reconciliation of Non-GAAP Measures
This information reconciles non-GAAP measures (denoted with a *) with the most directly comparable GAAP measure
(dollars in millions, except per share amounts)
EBIT
Pretax earnings (GAAP)
Interest expense, net
Earnings before interest and taxes*
Restructuring and related costs
Amortization of intangibles
Gain on sale of business
Russia business exit
Acquisition/divestiture costs
OSI purchase accounting items
Adjusted earnings before interest and taxes*
EBIT Margin
Pretax margin (GAAP)
Interest expense, net
EBIT margin*
Restructuring and related costs
Amortization of intangibles
Gain on sale of business
Russia business exit
Acquisition/divestiture costs
OSI purchase accounting items
Adjusted EBITA margin*
Q3 FY21
$
784
$
37
$
821
32
Q3 FY22
1,195
50
1,245
97
79
34
124
(483)
162
61
10
942
$
1,143
Q3 FY21
Q3 FY22
Change
16.7%
0.8%
23.9%
1.0%
720 bps
20 bps
17.5%
24.9%
740 bps
0.7%
0.7%
- bps
1.7%
2.5%
80 bps
-%
(9.7)%
(970) bps
-%
3.2%
320 bps
-%
1.2%
120 bps
0.2%
20.1%
-%
(20) bps
22.8%
270 bps
References to trailing 3-month or T3M orders in this presentation refer to the Company's trailing three-month average orders growth versus the prior year, excluding acquisitions and divestitures
References to underlying orders in this presentation refer to the Company's trailing three-month average orders growth versus the prior year, excluding currency, acquisitions and divestitures
References to underlying sales in this presentation exclude the impact of acquisitions, divestitures and currency translation
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