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Pre- Income Diluted Pre- Income Diluted
tax Taxes EPS tax Taxes EPS
Year-to-Date
Income from continuing
operations - GAAP $92.3 $25.2 $1.07 $106.2 $35.8 $1.13
Adjustments:
Antitrust litigation - - - 1.2 0.4 0.01
Special charges 22.8 8.9 0.22 (1.4) (0.3) (0.02)
Stock modification charge 5.8 2.1 0.06 - - -
Loss on extinguishment of
debt 3.2 1.2 0.03 - - -
Separation costs 1.6 0.4 0.02 0.6 0.1 0.01
Income from continuing
operations - Adjusted $125.7 $37.8 $1.40 $106.6 $36.0 $1.13
Note: Certain per share amounts may not accurately add due to rounding.
Note: Earnings in the above presentation of adjusted income from
continuing operations have not been adjusted to remove the effects of
discrete period tax adjustments recognized in any of the periods
presented. Discrete period tax adjustments are routinely recognized
throughout any given year under a variety of circumstances and are highly
subjective in nature. For fiscal year 2008, discrete tax benefits totaled
$8.3 million ($0.13 per share), $7.8 million ($0.12 per share) of which
was recognized in the third fiscal quarter, principally associated with
the release of valuation allowances on foreign tax credit carryforwards
and the recognition of certain previously unrecognized tax benefits
associated with recently completed tax audits. Discrete adjustments in the
prior year comparable periods were much less significant.
Selected Summary Balance Sheet Schedule
09/30/2008 06/30/2008
Assets
Current Ass
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