1 – Excludes acquisitions and currency effects.
2 – Adjusted EBITDA (earnings before net interest, taxes, depreciation and amortization) excludes restructuring initiatives, net realized investment gain/loss, transaction costs related to acquisitions, and non-recurring purchase accounting adjustments.
3 – ROIC (return on invested capital) = adjusted earnings before net interest and taxes, less tax effect / average capital (average of beginning of year and end of year capital) [capital = equity plus debt less cash].
4 – Cash dividends paid / adjusted earnings per share.
*Click here to see current Reconciliation of Non-GAAP Financial Measures.
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