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Newell Rubbermaid 26 2015 Annual Report
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
RECONCILIATIONS /
SEGMENT NORMALIZED OPERATING MARGIN
Year Ended December 31, 2015
($ amounts in millions)
Home Commercial Baby & Restructuring
Writing Solutions Tools Products Parenting Costs Corporate Total
Netsales      — — 
Operatingincomeasreported      () () 
Productrecallcosts() — — — —  — — 
Restructuringcosts() — — — — —  — 
Restructuring-relatedandother
ProjectRenewalcosts()     — —  
Inventorychargefromdevaluation
ofVenezuelanBolivar()  — — — — — — 
Acquisition&integrationcosts
anddivestiturecosts()   — —    
Pensionsettlementcharge() — — — — — —  
Normalizedoperatingincome      — () 
Normalizedoperatingmargin % % % % % %
() Baby&ParentingnormalizedoperatingincomeforexcludeschargesofmillionrelatingtotheGracoproductrecall
() Excludeditemsincludeproject-relatedcostsandrestructuringcostsassociatedwithProjectRenewalProject-relatedcostsofmillionandmillionofrestructuringcosts
incurredduringrelatetoProjectRenewal
() WritingnormalizedoperatingincomeforexcludeschargesofmillionassociatedwithVenezuelaninventoryresultingfromchangesintheexchangerateforthe
VenezuelanBolivar
() WritingnormalizedoperatingincomeforexcludesmillionofacquisitionandintegrationcostsassociatedwiththeacquisitionofElmer’sProductsIncHomeSolutions
normalizedoperatingincomeforexcludesmillionofacquisitionandintegrationcostsassociatedwiththeintegrationofIgniteHoldingsLLCandbubbabrandsand
millionofdivestiturecostsassociatedwiththeplanneddivestitureofDécorBaby&Parentingnormalizedoperatingincomeforexcludesmillionofacquisition
andintegrationcostsassociatedwiththeintegrationofBabyJoggerRestructuringcostsincludemillionofintegrationcostsassociatedwiththeintegrationofIgnitebubba
andBabyJogger
() NormalizedoperatingincomeforexcludesmillionofsettlementchargesassociatedwiththesettlementofUSpensionliabilities
NORMALIZED GROSS MARGIN
Years Ended December 31, 2015 and 2014
($ amounts in millions)
2015 2014
Netsales  
Grossmarginasreported  
Productrecallcosts — 
Restructuring-relatedandother
ProjectRenewalcosts  
Inventorychargefromdevaluationof
VenezuelanBolivar  
Acquisition&integrationcosts  —
Normalizedgrossmargin  
Normalizedgrossmargin(ofSales) % %
Change-basispoints 