Investor Presentaiton
35
Non-GAAP Reconciliations
Cash Flow from Continuing Operations, Free Cash Flow from Continuing Operations and Free Cash Flow from Continuing Operations to Net Earnings from
Continuing Operations Conversion Ratio
($ in millions)
Total Cash Flows from Continuing Operations:
Total cash provided by operating activities from continuing operations (GAAP)
Total cash used in investing activities from continuing operations (GAAP)
Total cash (used in) provided by financing activities from continuing operations (GAAP)
Free Cash Flow from Continuing Operations:
Year Ended
December 31,
2022
December 31,
2021
Year-over-Year
Change
$
8.519
$
$
(2,234) $
(2,570) $
8.358
(12.987)
1,295
Total cash provided by operating activities from continuing operations (GAAP)
8,519 $
8,358
-2.0%
Less: payments for additions to property, plant & equipment (capital expenditures) from continuing operations
(GAAP)
Plus: proceeds from sales of property, plant & equipment (capital disposals) from continuing operations (GAAP)
Free cash flow from continuing operations (non-GAAP)
(1,152)
9
(1,294)
13
$
7.376 $
7.077
-4.0%
Operating Cash Flow to Net Earnings Ratio (GAAP)
Total cash provided by operating activities from continuing operations (GAAP)
$
8,519 $
8.358
Net earnings from continuing operations (GAAP)
$
7.209 $
6.347
Operating cash flow from continuing operations to net earnings from continuing operations conversion ratio
1.18
1.32
Free Cash Flow to Net Earnings Ratio (non-GAAP)
Free cash flow from continuing operations from above (non-GAAP)
$
Net earnings from continuing operations (GAAP)
$
7.376 $
7.209 $
7.077
6.347
Free cash flow from continuing operations to net earnings from continuing operations conversion ratio (non-GAAP)
The Company defines free cash flow as operating cash flows from continuing operations, less payments for additions to property, plant and equipment from continuing operations ("capital
expenditures") plus the proceeds from sales of plant, property and equipment from continuing operations ("capital disposals"). All amounts presented above reflect only continuing
operations.
1.02
1.12
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