We manage our business with a focus on cash flow generation, maximizing profitability and returns to stockholders. Our results reflect the benefits of our proprietary technology, innovative solutions, strong brand equity, diversified platforms, our strong international reach, World Class Manufacturing principles, and the diligent hard work and discipline shared throughout our global team.

To reference our detailed financial information, please access our 2010 Annual Report here.

Definitions and Reconciliations of non-u.s. gaap financial measuresDownload A PDF

We present financial information in accordance with generally accepted accounting principles in the United States of America, or U.S. GAAP, but we also present financial measures that do not conform to U.S. GAAP, which we refer to as non-U.S. GAAP.

The non-U.S. GAAP financial measures presented below:

• are provided as supplemental information;
• do not purport to represent the similarly titled U.S. GAAP information or measures and should not be considered as alternatives or substitutes to such measures or as indicators of our performance under U.S. GAAP; and
• may not be comparable with similarly titled measures used by others.

Our non-U.S. GAAP financial measures excludes unusual items that are evaluated on an individual basis. Our evaluation of whether to exclude an item for purposes of determining our non-U.S. GAAP financial performance considers both quantitative and qualitative aspects of the item, including, among other things, (i) its size and nature, (ii) whether or not it relates to our ongoing business operations, and (iii) whether or not we expect it to occur as part of our normal business on a regular basis. For purposes of determining non-U.S. GAAP financial performance, restructuring and other charges and their related tax effect are excluded. Further, the items excluded from non-U.S. GAAP adjusted basis may also be excluded from the calculations of our performance measures set by the Organization and Compensation Committee of our Board of Directors for purposes of determining incentive compensation. Thus, our management believes that this information may be useful to investors.

       

Definitions 

Return on Total Assets = Net Earnings / Average Total Assets
Return on Stockholders’ Equity = Net Earnings / Average Total Stockholders’ Equity
Return on Invested Capital = Full year adjusted net operating profit after core taxes / Average invested capital in the period. Core taxes represent the U.S. GAAP effective tax rate after adjusting for permitted exclusions.
Invested capital = Total debt + settlement liability and related accrued interest + total stockholders’ equity − accumulated other comprehensive income − cash and cash equivalents.