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Published byBarbra Wade Modified over 8 years ago
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GAAP to non-GAAP reconciliation
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Non-GAAP Financial Reconciliation 2
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20132014Q4 20152015 Net Sales$2,671.6$2,606.1$592.1$2,283.8 Net Income (GAAP)$274.2$214.4$58.1$185.8 Adjustments: Gains on disposal of assets including insurance recoveries(0.7)(2.7) (0.3)(13.7) Re-engineering and other restructuring costs (includes Pension Settlement costs)9.313.43.921.8 Impact of Venezuelan bolivar devaluation from balance sheet positions4.242.4 1.814.9 Acquired intangible asset amortization4.811.92.410.2 Income tax impact of adjustments(3.5)(4.8)2.51.5 Net Income (Adjusted)$288.3$274.6$68.4$220.5 Adjusted ROS14.1%13.9 %15.1%12.8% Average number of diluted shares (millions)53.15150.550.4 Prior Year Average number of diluted shares (millions)56.453.150.651.0 3
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Reported Sales 2006 – 2015 20072008200920102011*2012201320142015 Sales$1,981$2,162$2,128$2,300$2585$2,584$2,672$2,606$2,284 Reported Sales Growth 14%9%(2)%8%12%0%3%(2)%(12)% Local Currency Sales Growth* 9%8%6% 9%5%6%5%4% *Calculated by comparing sales with prior year translated at the current year exchange rate 4
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