Cardinal Health 2015 Annual Report Download - page 25

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Supplemental Information GAAP to Non-GAAP Reconciliations
Cardinal Health | Fiscal 2015 Form 10-K 24
GAAP to Non-GAAP Reconciliations
Fiscal Year 2015
Operating Earnings Earnings from Diluted EPS Diluted EPS
Earnings from Continuing from from Continuing
(in millions, except per common share amounts)
Operating Growth Continuing Operations Continuing Operations
Earnings Rate Operations Growth Rate Operations Growth Rate
GAAP $ 2,161 15 % $ 1,212 4 % $ 3.61 7 %
Restructuring and employee severance 44 29 0.09
Amortization and other acquisition-related costs 281 181 0.54
Impairments and (gain)/loss on disposal of assets (19) (9)(0.03)
Litigation (recoveries)/charges, net 519 0.06
Loss on extinguishment of debt —37 0.11
Non-GAAP $ 2,472 16 % $ 1,469 11 % $ 4.38 14 %
Fiscal Year 2014
GAAP $ 1,885 89 % $ 1,163 247 % $ 3.37 247 %
Restructuring and employee severance 31 20 0.06
Amortization and other acquisition-related costs 223 144 0.42
Impairments and (gain)/loss on disposal of assets 15 10 0.03
Litigation (recoveries)/charges, net (21) (13) (0.04)
Non-GAAP $ 2,133 4 % $ 1,324 3 % $ 3.84 3 %
Fiscal Year 2013
GAAP $ 996 (44)% $ 335 (69)% $ 0.97 (68)%
Restructuring and employee severance 71 44 0.13
Amortization and other acquisition-related costs 158 106 0.31
Impairments and (gain)/loss on disposal of assets 859 822 2.39
Litigation (recoveries)/charges, net (38) (23) (0.07)
Non-GAAP $ 2,046 10 % $ 1,284 15 % $ 3.73 16 %
Fiscal Year 2012
GAAP $ 1,792 18 % $ 1,070 11 % $ 3.06 12 %
Restructuring and employee severance 21 13 0.04
Amortization and other acquisition-related costs 33 24 0.07
Impairments and (gain)/loss on disposal of assets 21 13 0.04
Litigation (recoveries)/charges, net (3) (2)(0.01)
Other Spin-Off costs 2 1 —
Non-GAAP $ 1,866 13 % $ 1,119 13 % $ 3.21 15 %
Fiscal Year 2011
GAAP $ 1,514 16 % $ 966 65 % $ 2.74 69 %
Restructuring and employee severance 15 10 0.03
Amortization and other acquisition-related costs 90 68 0.19
Impairments and (gain)/loss on disposal of assets 9 6 0.02
Litigation (recoveries)/charges, net 6 7 0.02
Other Spin-Off costs 10 6 0.02
Gain on sale of CareFusion stock — (75) (0.21)
Non-GAAP $ 1,644 18 % $ 988 22 % $ 2.80 25 %
The sum of the components may not equal the total due to rounding.
We apply varying tax rates depending on the item's nature and tax jurisdiction where it is incurred.