FY 2017 Second Quarter Earnings Call
Non-GAAP reconciliations
Adjusted Income before Income Taxes, Financing Charges, and Segment Adjusted ADIENT
EBIT
Adjusted Income before Income Taxes
Three Months Ended March 31
(in $ millions)
2017
2016
Income before Income Taxes Tax impact Effective tax rate
Income before Income Taxes Tax impact Effective tax rate
As reported
$
253 $
37
14.6%
$
82 $ 838
*
Adjustments, including prior year pro-forma impacts
48
5
10.4%
180
(801)
*
As adjusted
$
301 $
42
14.0%
$
262 $
37
14.0%
* Measure not meaningful
(in $ millions)
Financing Charges
Three Months Ended
March 31
2017
2016
Adjusted EBIT/Pro-forma adjusted EBIT by segment
Three Months Ended
March 31
2017
2016
(in $ millions)
$
33
$
4
(1)
32
Seating (includes 2016 pro-forma IT dis-synergies) $ 312
Interiors
$
281
22
17
$
334
$
298
36
Net financing charges as reported
Pro-forma net financing charges
Pro-forma adjusted net financing charges
1. Pro-forma amounts include IT dis-synergies as a result of higher stand-alone IT costs as compared to allocated IT costs under JCI, interest expense that Adient would have incurred had it been a stand-alone company and the impact of the tax rate had Adient
been operating as a stand-alone company domiciled in its current jurisdiction.
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