3Q 2022 Results
RECONCILIATION OF OPERATING RETURN ON CAPITAL (ROC)
Reconciliation of Operating Return on Capital (ROC)
In millions (Unaudited)
Net income
|- Significant items, after tax
Operating Net Income (non-GAAP)
Net income attributable to noncontrolling interests
Gross interest expense
Imputed interest expense - operating leases
Tax on gross interest expense
SA
Three Months Ended
Sep 30, 2022
Sep 30, 2021
$
739 $
1,683
(63)
(390)
$
802 $
2,073
21 $
23
173
194
14
17
(43)
(48)
Operating Net Operating Profit After Tax (non-GAAP)
$
967 $
2,259
Operating Net Operating Profit After Tax - trailing twelve months ("TTM") basis (non-GAAP)
Average Total Capital (non-GAAP)
$
6,541 $
6,505
$
34,559 $
32,971
1
Operating Return on Capital - trailing twelve months ("TTM") basis (non-GAAP) '
1. Operating ROC is defined as net operating profit after tax (excluding significant items) divided by total average capital, also referred to
as ROIC. Operating ROC measures how effectively a company has utilized the money invested in its operations.
18.9 %
19.7 %
DOW
22
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