Exhibit 99.3 Reconciliation of Adjusted income from continuing operations
(Dollar amounts in millions, except per share amounts) | Quarter Ended | ||||||||||
September 30, 2018 | June 30, 2018 | September 30, 2017 | |||||||||
Net income | 124.0 | 162.7 | 109.8 | ||||||||
Add (deduct): | |||||||||||
Loss from discontinued operations | 0.1 | 0.2 | 1.1 | ||||||||
Loss on sale or impairment of long-lived assets, net | 0.3 | — | 0.7 | ||||||||
Other operating credits and charges, net | (6.3 | ) | (4.5 | ) | (0.9 | ) | |||||
Reported tax provision | 41.8 | 51.2 | 46.4 | ||||||||
Normalized tax provision at 25% for 2018 and 35% for 2017 | (40.0 | ) | (52.4 | ) | (55.0 | ) | |||||
Adjusted income from continuing operations | $ | 119.9 | $ | 157.2 | $ | 102.1 | |||||
Diluted shares outstanding | 143.9 | 146.2 | 146.5 | ||||||||
Adjusted income from continuing operations per diluted share | $ | 0.83 | $ | 1.08 | $ | 0.70 |
(Dollar amounts in millions, except per share amounts) | Nine Months Ended | ||||||
September 30, 2018 | September 30, 2017 | ||||||
Net income | 377.6 | 259.2 | |||||
Add (deduct): | |||||||
Loss from discontinued operations | 4.3 | 1.1 | |||||
Gain on sale or impairment of long-lived assets, net | (0.3 | ) | (1.8 | ) | |||
Other operating credits and charges, net | (11.2 | ) | 4.5 | ||||
Reported tax provision | 122.7 | 97.9 | |||||
Normalized tax provision at 25% for 2018 and 35% for 2017 | (123.3 | ) | (126.3 | ) | |||
Adjusted income from continuing operations | $ | 369.8 | $ | 234.6 | |||
Diluted shares outstanding | 145.6 | 146.3 | |||||
Adjusted income from continuing operations per diluted share | $ | 2.54 | $ | 1.60 |