Investor Presentaiton
Appendix F: Reconciliation of Earnings before Interest, Taxes,
Depreciation and Amortization (EBITDA)
(millions)
Income (loss) before income taxes - as reported
Interest
Depreciation
Amortization
EBITDA
Adjustments:
Transaction costs and other charges related to the combination and resulting termination
Non-cash settlement charge related to pension de-risking strategy
EBITDA - as adjusted
Short-term debt and current portion of long-term debt
Long-term debt
Total Debt
AON
Debt to EBITDA - as adjusted
FY'21
1,931
FY'22
3,156
Twelve Months Ended Jun 30, 2023
3,219
322
406
454
179
151
150
147
113
110
2,579
3,826
3,933
1,436
4,015
170
3,996
170
4,103
December 31, 2021
December 31, 2022
June 30, 2023
1,164
945
1,338
8,228
9,392
9,825
10,770
9,989
11,327
2.3x
2.7x
2.8x
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