Exhibit 99.3 Reconciliation of Adjusted income from continuing operations
(Dollar amounts in millions, except per share amounts) | Quarter Ended | ||||||||||
June 30, 2018 | March 31, 2018 | June 30, 2017 | |||||||||
Net income | 162.7 | 90.9 | 94.5 | ||||||||
Add (deduct): | |||||||||||
Loss from discontinued operations | 0.2 | 4.0 | — | ||||||||
Gain on sale or impairment of long-lived assets, net | — | (0.6 | ) | (3.1 | ) | ||||||
Other operating credits and charges, net | (4.5 | ) | (0.4 | ) | 2.0 | ||||||
Reported tax provision | 51.2 | 29.7 | 36.0 | ||||||||
Normalized tax provision at 25% for 2018 and 35% for 2017 | (52.4 | ) | (30.9 | ) | (45.3 | ) | |||||
Adjusted income from continuing operations | $ | 157.2 | $ | 92.7 | $ | 84.1 | |||||
Diluted shares outstanding | 146.2 | 146.7 | 146.2 | ||||||||
Adjusted income from continuing operations per diluted share | $ | 1.08 | $ | 0.63 | $ | 0.58 |
(Dollar amounts in millions, except per share amounts) | Six Months Ended | ||||||
June 30, 2018 | June 30, 2017 | ||||||
Net income | 253.6 | 149.5 | |||||
Add (deduct): | |||||||
Loss from discontinued operations | 4.2 | — | |||||
Gain on sale or impairment of long-lived assets, net | (0.6 | ) | (2.5 | ) | |||
Other operating credits and charges, net | (4.9 | ) | 5.4 | ||||
Reported tax provision | 80.9 | 51.5 | |||||
Normalized tax provision at 25% for 2018 and 35% for 2017 | (83.3 | ) | (71.4 | ) | |||
Adjusted income from continuing operations | $ | 249.9 | $ | 132.5 | |||
Diluted shares outstanding | 146.4 | 146.0 | |||||
Adjusted income from continuing operations per diluted share | $ | 1.71 | $ | 0.91 |