Selling non-core assets

P&L impact in 2004 from Rock-McGraw sale



• Lost income offset by
  • Interest income from proceeds of sale
  • Amortizing $212 million of deferred gain, according to sale-leaseback accounting rules

• Reduction in rent expense flows into operating segments in same proportion as Rock-McGraw equity income
• Interest expense accrued against deferred gain

Previous slide

Next slide

Back to first slide

View graphic version