2Q YTD Cash Flow Summary
ROIC Calculation
($M)
Net Earnings
Interest Exp x .65
Return
Debt (Average)
Equity (Average)
Benefit Plan Adjustments (Average)
Invested Capital (Average)
ROIC
Actual
2009
$3,024}
198
$3,222
Chart 18
$4,054
3,155
8,960
$16,169
19.9%
Prior (Apr) Current (July)
2010
2010
Combined
≥ $2,860
Combined
4
≤ $17,900
≥ 16.0%
Combined
≥ $3,000
Combined
≤ $17,650
≥ 17.0%
Our definition of Return on Invested Capital (ROIC) is net earnings plus after-tax interest expense divided by
average invested capital (stockholders' equity plus debt), after adjusting stockholders' equity by adding back
adjustments related to postretirement benefit plans.
Average benefit plan adjustments reflect the cumulative value of entries incorporated into our Statement of
Stockholders Equity to recognize the funded / unfunded status of our benefit plans.
July 27, 2010View entire presentation