Capital Allocation and Growth Strategy
Reconciliation of GAAP and Non-GAAP Information
Year-ending: December 31, 2018
In Millions of Dollars Except Per
Share Amounts
Gross Profit
Operating Profit
Interest-
Expense, Net
Net Income
Income
Per Share-
Diluted
GAAP results
$3,575.3
$ 1,623.7
$138.8
Adjustments:
Derivative mark-to-market gains
(168.3)
(168.3)
Business realignment activities
11.3
51.8
Acquisition-related costs
6.2
44.8
Pension settlement charges
relating to Company-directed initiatives
Long-lived and intangible asset impairment charges
Impact of U.S. tax reform
Noncontrolling interest share of business realignment
and impairment charges
Gain on sale of licensing rights
Tax effect of all adjustments reflected above
57.7
(2.7)
I
I
I
$1,177.6
$5.58
(152.5)
(0.80)
38.9
0.25
35.7
0.21
4.1
0.03
41.9
0.27
(7.8)
(6.3)
(0.03)
(1.5)
(0.01)
(0.14)
Non-GAAP results
$3,424.6
$ 1,607.1
$138.8
$ 1,130.1
$5.36View entire presentation