1. Non-GAAP Reconciliation –
EBIT
Millions Three Months Ended Nine Months Ended
Sept. 25, Sept. 26, June 26, Sept. 25, Sept. 26,
2005 2004 2005 2005 2004
Earnings before interest, income taxes, minority $ 240 $ 145 $ 235 $ 638 $ 371
interest and restructuring charges
Restructuring, asset impairment and other $ - $ - $ - $ - $ -
Earnings before interest, income taxes and $ 240 $ 145 $ 235 $ 638 $ 371
minority interest
Interest Expense $ (27) $ (27) $ (28) $ (83) $ (81)
Provision for income taxes $ (61) $ 4 $ (58) $ (153) $ (44)
Minority Interests in earnings of unconsolidated $ (7) $ (6) $ (8) $ (19) $ (15)
subsidiaries
Net Earnings $ 145 $ 116 $ 141 $ 383 $ 231
EBIT = Earnings before interest, taxes, and minority interests.
We use EBIT to assess and measure the performance of our operating segments and also as a component in measuring our variable compensation
programs. The table above reconciles EBIT, a non-GAAP financial measure, to our consolidated net earnings, for each of the applicable periods.
2. Non-GAAP Reconciliation – Net
Assets
Millions Sept. 25 Sept. 26, June 26,
2005 2004 2005
Net assets for operating segments $ 3,312 $ 2,876 $ 3,143
Liabilities deducted in computing net 3,421 3,040 3,292
assets
Minimum pension liability excluded from net (826) (698) (826)
assets
Deferred tax assets not allocated to 928 903 943
segments
Debt-related costs not allocated to 27 28 28
segments
Total assets $ 6,862 $ 6,149 $ 6,580
3. Non-GAAP Reconciliation – ROANA
Millions Three Months Nine Months
Ended Ended
Sept. 26, 2005 Sept. 26, 2005
Earnings before interest, income taxes and $ 240 $ 638
minority interest
Net Assets for operating segments at 3,143 3,151
beginning of period
Net Assets for operating segments at end of 3,312 3,312
period
Average Net Assets for operating segments 3,228 3,232
for period
ROANA 30% 26%