0
2004 Summary of Reconciling Items
          ®
          ®




($ U.S. millions)                                           ...
Upcoming SlideShare
Loading in...5
×

Summary of Reconciling Items 2004

327

Published on

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
327
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "Summary of Reconciling Items 2004"

  1. 1. 2004 Summary of Reconciling Items ® ® ($ U.S. millions) Q1 04 Q2 04 Q3 04 Q4 04 FY 04 Reorganization costs (1) ($ 2.9) ($ 0.4) 0.1 0.1 ($ 2.7) $ $ Other major-program costs included in: - - - - - Selling, general and administrative expenses - - - Cost of sales - - (2.9) (0.4) Operating income items 0.1 0.1 (2.7) (2) Foreign exchange gain - - (4.3) (18.8) (23.1) 0.1 0.1 (7.0) (19.2) (26.0) Pre-tax items Provisions for taxes: Tax effect on pre-tax items 6.1 8.3 2.3 (0.0) (0.1) Favorable tax resolution (3) - - (40.0) (41.1) (1.1) ($ 58.8) Total net of tax ($ 14.2) $ 0.1 $ ($ 44.7) 0.0 (1) Reorganization costs of $0.1 ($0.3 charge in Asia-Pacific and $0.2 credit in North America) in Q1 04 primarily represent employee termination benefits for workforce reductions in Asia-Pacific and credit adjustments related to previous actions for lower than expected employee termination benefits for workforce reductions and lease termination costs for facility consolidations in North America. Reorganization costs of $0.1 ($0.3 charge in North America and $0.2 credit in Europe) in Q2 04 primarily represent adjustments related to previous actions for higher than expected lease termination costs for facility consolidations in North America and credit adjustments related to previous actions for lower than expected lease termination costs for facility consolidations in Europe. Reorganization credit of $2.7 ($2.6 credit in North America and $0.1 credit in Europe) in Q3 04 primarily represent credit adjustments related to previous actions for lower than expected lease termination costs for facility consolidations for both North America and Europe. Reorganization credit of $0.4 ($0.7 credit in Europe and $0.3 charge in North America) in Q4 04 primarily represent credit adjustments related to previous actions for lower than expected lease termination costs for facility consolidations in Europe and adjustments related to previous actions for higher than expected lease termination costs for facility consolidations in North America. (2) Foreign exchange gain in Q3 and Q4 04 represents gain related to the forward currency exchange contract of the Company’s Australian dollar denominated acquisition of Tech Pacific. (3) Favorable tax resolution in Q3 and Q4 04 represents incomes tax benefit for the reversal of previously accrued federal income taxes related to the gains on the sale of securities in 2000 and reversal of previously accrued state income taxes related to the gains on the sale of securities in 1999 and 2000. 000000_1 1
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×