Investor Presentaiton
Supplemental
GAAP to Core Results: Adjusted EPS - Annual
4Q 2023 Preliminary Results
Adjusted Earnings per Share ("Adjusted EPS")
Numerator ($ millions)
GAAP net income attributable to common shareholders
Discontinued operations, net of tax
Core OID
Repositioning items
Change in fair value of equity securities.
Tax on Core OID, repositioning items, & change in fair value of equity securities
(tax rate 21% starting 1Q18, 35% starting 1Q16; 34% prior)
Significant discrete tax items
Core net income attributable to common shareholders
Denominator
Weighted-average common shares outstanding - (Diluted, thousands)
Metric
Adjusted EPS
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
910
$
1,604
$
3,003
$
1,085
$
1,715
$
1,263
$
929
2
1
5
1
6
48
42
38
36
29
86
(3)
71
201
77
228
50
(107)
215
7
(29)
(89)
121
(30)
(70)
(57)
(1)
(94)
61
(78)
[a] $
930
$
1,929
$
3,146
$
1,141
$
13
(201)
1,472
(43)
$
1,427
$
(25)
119
1,091
[b]
305,135
318,629
365,180
377,101
395,395
427,680
455,350
[a] / [b] $
3.05
$
6.06
$
8.61
$
3.03
$
3.72
$
3.34
$
2.39
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