3Q 2022 Results
OPERATING (EPS) RECONCILIATION (CONTINUED)
Significant Items Impacting Results for the Nine Months Ended Sep 30, 2022
In millions, except per share amounts (Unaudited)
Reported results
1
Pretax
$
Net Income
2
3
EPS
5,225 $
3,969 $
5.41
Less: Significant items
Digitalization program costs
(154)
(119)
(0.16)
Restructuring, implementation costs and asset related
charges - net
(31)
(25)
(0.03)
Russia/Ukraine conflict charges
(186)
(142)
(0.19)
Loss on early extinguishment of debt
(8)
(6)
(0.01)
Indemnification and other transaction related costs
(3)
(3)
Income tax related items
25
0.03
Total significant items
$
(382) $
(270) $
(0.36)
Operating results (non-GAAP)
$
5,607 $
4,239 $
5.77
Significant Items Impacting Results for the Nine Months Ended Sep 30, 2021
1
2
In millions, except per share amounts (Unaudited)
Pretax
Net Income
3
EPS
Reported results
$
6,027 $
4,575 $
6.06
Less: Significant items
Digitalization program costs
(121)
(94)
(0.12)
Restructuring, implementation costs and asset related
charges - net
(69)
(55)
(0.07)
Loss on early extinguishment of debt
(574)
(471)
(0.63)
Litigation related charges, awards and adjustments
54
42
0.06
Indemnification and other transaction related costs
(5)
(5)
(0.01)
Total significant items
Operating results (non-GAAP)
$
$
(715) $
(583) $
(0.77)
6,742 $
5,158 $
6.83
1. "Income before income taxes."
2. "Net income available for Dow Inc. common stockholders." The income tax effect on significant items was calculated based upon the
enacted tax laws and statutory income tax rates applicable in the tax jurisdiction(s) of the underlying non-GAAP adjustment.
3. "Earnings per common share - diluted," which includes the impact of participating securities in accordance with the two-class method.
DOW
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