Refinish Business Review
Adjusted Net Income Reconciliation
($ in millions)
Net income
Less: Net income attributable to noncontrolling interests
Net income attributable to controlling interests
A
Debt extinguishment and refinancing-related costs
B
Termination benefits and other employee-related costs
C
Strategic review and retention costs
D
Acquisition and divestiture-related costs
E
Accelerated depreciation and site closure costs
F
Operational matter
G
Brazil indirect tax
H
Gains on sales of facilities
I
Russia sanction-related impacts
J
Commercial agreement restructuring impacts
K
Other adjustments
L
Step-up depreciation and amortization
Total adjustments
M
Income tax provision impacts
Adjusted net income
Adjusted diluted net income per share
Diluted weighted average shares outstanding
SA
$
SA
SA
FY 2022
FY 2021
Q4 2022
Q4 2021
192.2 $
264.4 $
43.9 $
53.4
0.6
0.5
0.3
0.2
191.6
263.9
43.6
53.2
14.7
0.2
15.3
|
24.7
36.9
14.8
1.8
9.7
―
2.9
16.9
0.1
6.1
21
4.3
2.5
0.1
0.7
0.2
4.4
0.1
0.5
(8.3)
-
(1.5)
(19.7)
(1.5)
(10.8)
5.0
0.3
25.0
(0.3)
0.8
(0.9)
1.8
93.0
105.1
22.9
24.8
168.0 $
148.5 $
51.2 $
24.9
29.9
25.4
10.5
9.9
329.7 $
387.0 $
84.3 $
68.2
1.48 $
1.67 $
0.38 $
0.30
222.3
231.9
221.5
228.9
21
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