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Newell Rubbermaid 21 2014 Annual Report
NORMALIZED GROSS MARGIN
Years Ended December 31, 2014 and 2013
($ amounts in millions)
2014 2013
Netsales  
Grossmarginasreported  
Productrecallcosts  —
Restructuring-relatedcosts  
Venezuelainventorycharges  —
Normalizedgrossmargin  
Normalizegrossmargin(ofsales)  
Change-basispoints 
NORMALIZED OPERATING MARGIN
Years Ended December 31, 2014, 2013 and 2012
($ amounts in millions)
2014 2013 2012
Ne
tsales   
Operatingincomeasreported   
Restructuringcosts   
Restructuring-relatedcosts   
Productrecallcosts  — —
Venezuelainventorycharges  — —
Advisorycosts  — —
Acquisition&integrationcosts  — —
Pensionsettlementcharge  — —
Normalizedoperatingincome   
Normalizedoperatingmargin   
Chan
ge-basis points 40
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
HIGHLIGHTS