Investor Presentaiton
ADJUSTED NET
INCOME AND
ADJUSTED
EARNINGS PER
DILUTED SHARE
RECONCILIATION
($ in millions, except per share data)
As reported
(1)
Restructuring and other items
Non-cash pension risk transfer expense
1)
30
2)
Full Year FY16
Consolidated Results
Pre-Tax
Tax
Net of Tax
EPS
$
244.6
(89.8)
154.8
$
0.59
366.4
(116.0)
250.4
0.97
370.7
(140.9)
229.8
0.89
Losses at closed plants and transition costs
23.3
(6.6)
16.7
0.07
Inventory stepped-up in purchase accounting, net of LIFO
8.1
(2.5)
5.6
0.02
Land and Development operating results including impairment
(5.6)
2.2
(3.4)
(0.01)
Gain on extinguishment of debt
(2.7)
0.8
(1.9)
(0.01)
Gain on investment in Grupo Gondi(2)
Other
Adjustments/Adjusted Results
(12.1)
10.6
(1.5)
(0.01)
1.8
(0.6)
1.2
0.01
EA
$
994.5
$
(342.8)
651.7
2.52
Noncontrolling interests
(2.1)
Adjusted Net Income
$
649.6
The as reported results for Pre-Tax, Tax, Net of Tax and EPS are equivalent to the line items "Income from continuing operations before income taxes",
"Income tax expense", "Income from continuing operations" and "Diluted earnings per share from continuing operations", respectively, as reported on
the statements of operations.
Impacted by non-deductible goodwill
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