Provision for income taxes $165.6 $163.7 $632.8 $412.6
Special items tax benefit 13.1 10.4 44.9 243.1
Adjusted provision for income
taxes $178.7 $174.1 $677.7 $655.7
Non-GAAP effective tax rate from
continuing operations 33.7% 33.5% 32.6% 32.4%
Fourth Quarter
2008 2007
Debt to Total Capital 33% 32%
Net Debt to Capital
Current portion of long-term
obligations and other short-
term borrowings $159.0 $16.0
Long-term obligations, less
current portion and other
short-term borrowings 3,687.4 3,457.3
Debt $3,846.4 $3,473.3
Cash and equivalents (1,291.3) (1,308.8)
Short-term investments available
for sale - (132.0)
Net debt $2,555.1 $2,032.5
Total shareholders' equity $7,756.1 $7,376.9
Capital $10,311.2 $9,409.4
Net debt to capital 25% 22%
Forward-Looking Non-GAAP Financial Measures
The Company presents non-GAAP earnings from continuing operations and
non-GAAP effective tax rate from continuing operations (and presentations
derived from these financial measures) on a forward-looking basis. The
most directly comparable forward-looking GAAP measures are earnings from
continuing operations and effective tax rate from continuing operations.
The Company is unable to provide a quantitative reconciliation of these
forward-looking non-GAAP measures to the most comparable forward-looking
GAAP measures because
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