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The Procter & Gamble Company
Exhibit 1: Non-GAAP Measures
In accordance with the SEC's Regulation G, the following provides definitions of the non-GAAP measures used in the earnings release and the reconciliation to the most closely related GAAP measure.
EPS Growth Excluding One-time Tax Benefit. The company incurred a favorable tax benefit that was one-time in nature and not related to any underlying operating business decision. The company believes that reporting EPS growth excluding this one-time item is beneficial to investors as it provides additional clarity and transparency into the true underlying business performance of the company.
The following provides a reconciliation of Diluted EPS to EPS Growth Excluding the One-time Tax Benefit for the July-September 2007 quarter:
Diluted Less: One-time EPS Excl. One-time July-Sept 06 Excl. One-time
EPS Tax Benefit Tax Benefit Diluted EPS Tax Benefit
$0.92 $(0.02) $0.90 $0.79 +14 %
Organic Sales Growth. Organic sales growth is a non-GAAP measure of
sales growth excluding the impacts of acquisitions, divestitures and
|SOURCE The Procter & Gamble Company|
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