McKesson (MCK) 8-K Regulation FD Disclosure

Exhibit 99.1

Adjusted Earnings

McKesson separately reports financial results on the basis of Adjusted Earnings. Adjusted Earnings is a Non-GAAP financial measure defined as Generally Accepted Accounting Principles (“GAAP”) income from continuing operations, excluding amortization of acquisition-related intangible assets, acquisition expenses and related adjustments, certain claim and litigation reserve adjustments, and Last-In-First-Out (“LIFO”) inventory-related adjustments.

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Definitions related to Adjusted Earnings (Non-GAAP) Financial Information

Adjusted Earnings represents income from continuing operations, excluding the effects of the following items from the Company’s GAAP financial results, including the related income tax effects. The Company evaluates its definition of Adjusted Earnings on a periodic basis and will update the definition from time to time. The evaluation considers both the quantitative and qualitative aspect of the Company’s presentation of Adjusted Earnings.

Amortization of acquisition-related intangibles - Amortization expense of acquired intangible assets purchased in connection with business acquisitions by the Company.

Acquisition expenses and related adjustments - Transaction and integration expenses that are directly related to business acquisitions by the Company. Examples include transaction closing costs, professional service fees, restructuring or severance charges, retention payments, employee relocation expenses, facility or other exit-related expenses, recoveries of acquisition-related expenses or post-closing expenses, bridge loan fees, gains or losses related to foreign currency contracts, and gains or losses on business combinations.

Claim and litigation reserve adjustments - Adjustments to the Company’s reserves, including accrued interest, for estimated probable losses for its Controlled Substance Distribution Claims and the Average Wholesale Price litigation matters, as such terms are defined in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2015.

LIFO-related adjustments - Last-In-First-Out (“LIFO”) inventory-related adjustments.

Income taxes on Adjusted Earnings are calculated in accordance with Accounting Standards Codification 740, “Income Taxes,” which is the same accounting principle used by the Company when presenting its GAAP financial results.

The Company believes the presentation of Non-GAAP measures such as Adjusted Earnings provides useful supplemental information to investors with regard to its core operating performance, as well as assists with the comparison of its past financial performance to the Company’s future financial results. Moreover, the Company believes that the presentation of Adjusted Earnings assists investors’ ability to compare its financial results to those of other companies in the same industry. However, the Company’s Adjusted Earnings measure may be defined and calculated differently by other companies in the same industry.

The Company internally uses Non-GAAP financial measures such as Adjusted Earnings in connection with its own financial planning and reporting processes. Specifically, Adjusted Earnings serves as one of the measures management utilizes when allocating resources, deploying capital and assessing business performance and employee incentive compensation. Nonetheless, Non-GAAP financial results and related measures disclosed by the Company should not be considered a substitute for, nor superior to, financial results and measures as determined or calculated in accordance with GAAP.

In the fourth quarter of fiscal 2015, we committed to a plan to sell our Brazilian pharmaceutical distribution business as well as two other small businesses. The Brazilian business was acquired as part of our February 2014 acquisition of Celesio AG.

The Company is providing investors the following recast presentation of GAAP and Adjusted Earnings (Non-GAAP) to reflect these businesses as discontinued operations, as posted to the Company’s website on May 14, 2015:

Exhibit I: provides a reconciliation of recast earnings per share (GAAP and Non-GAAP) for our quarterly and annual results of fiscal 2015 and 2014.

Exhibit II: provides a reconciliation of certain line items from the Company’s GAAP Condensed Consolidated Statement of Operations to Adjusted Earnings (Non-GAAP) for our quarterly and annual results of fiscal 2015 and 2014.

Exhibit III: provides a reconciliation of the Company’s GAAP segment financial results to Adjusted Earnings (Non-GAAP) for our quarterly and annual results of fiscal 2015 and 2014.

There was no impact to our previously reported results prior to fiscal 2014 as a result of reclassifying these businesses to discontinued operations.

Exhibit I

McKESSON CORPORATION

RECONCILIATION OF RECAST EARNINGS PER SHARE (GAAP AND NON-GAAP)

FOR THE YEARS ENDED MARCH 31, 2014 AND 2015

(unaudited)

In the fourth quarter of fiscal 2015, we committed to a plan to sell our Brazilian pharmaceutical distribution business as well as two other small businesses. The Brazilian business was acquired as part of our February 2014 acquisition of Celesio AG. The following information recasts our fiscal 2015 and 2014 results for these discontinued operations.

EPS (GAAP):

Fiscal 2015	June 30, 2014			September 30, 2014		December 31, 2014		March 31, 2015			Year Ended March 31, 2015
EPS, as previously reported	$	1.78		$	2.05	$	2.01	$	1.69		$	7.53
Adjustments for income (loss) from discontinued operations		(0.02	)		—		0.03		—			0.01
EPS, as recast(b)	$	1.76		$	2.05	$	2.04	$	1.69	(a)	$	7.54	(a)
Fiscal 2014	June 30, 2013			September 30, 2013		December 31, 2013		March 31, 2014			Year Ended March 31, 2014
EPS, as previously reported	$	1.84		$	1.82	$	0.70	$	1.68		$	6.04
Adjustments for income (loss) from discontinued operations		—			—		—		0.04			0.04
EPS, as recast(b)	$	1.84		$	1.82	$	0.70	$	1.72	(a)	$	6.08	(a)
Adjusted EPS (Non-GAAP):
Fiscal 2015	June 30, 2014			September 30, 2014		December 31, 2014		March 31, 2015			Year Ended March 31, 2015
Adjusted EPS, as previously reported	$	2.49		$	2.79	$	2.89	$	2.94		$	11.11
Adjustments for income (loss) from discontinued operations		(0.02	)		—		0.02		—			—
Adjusted EPS, as recast(b)	$	2.47		$	2.79	$	2.91	$	2.94	(a)	$	11.11	(a)
Fiscal 2014	June 30, 2013			September 30, 2013		December 31, 2013		March 31, 2014			Year Ended March 31, 2014
Adjusted EPS, as previously reported	$	2.11		$	2.30	$	1.48	$	2.67		$	8.56
Adjustments for income (loss) from discontinued operations		—			—		—		0.04			0.04
Adjusted EPS, as recast(b)	$	2.11		$	2.30	$	1.48	$	2.71	(a)	$	8.60	(a)

(a) As reported in our fourth quarter and fiscal year ended March 31, 2015 financial results filed with the Securities and Exchange Commission on May 12, 2015.

(b) Certain computations may reflect rounding adjustments.

Exhibit II

McKESSON CORPORATION

RECONCILIATION OF GAAP OPERATING RESULTS TO ADJUSTED EARNINGS (NON-GAAP)

FOR THE YEARS ENDED MARCH 31, 2014 AND 2015

(unaudited)

(in millions, except per share amounts)

In the fourth quarter of fiscal 2015, we committed to a plan to sell our Brazilian pharmaceutical distribution business as well as two other small businesses. The Brazilian business was acquired as part of our February 2014 acquisition of Celesio AG. The following information recasts our fiscal 2015 and 2014 results for these discontinued operations.

	Quarter Ended June 30, 2014
	As Recast (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments		LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	43,476		$	—		$	—		$	—	$	—		$	43,476
Gross profit	$	2,732		$	2		$	—		$	—	$	98		$	2,832
Operating expenses		(2,051	)		126			49			—		—			(1,876	)
Other income, net		19			1			—			—		—			20
Interest expense		(96	)		—			—			—		—			(96	)
Income from continuing operations before income taxes		604			129			49			—		98			880
Income tax expense		(185	)		(41	)		(15	)		—		(38	)		(279	)
Income from continuing operations after tax		419			88			34			—		60			601
Net income attributable to noncontrolling interests		(8	)		(11	)		(4	)		—		—			(23	)
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	411		$	77		$	30		$	—	$	60		$	578
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation(a)	$	1.76		$	0.33		$	0.13		$	—	$	0.25		$	2.47
Diluted weighted average common shares		235			235			235			—		235			235
	Quarter Ended September 30, 2014
	As Recast (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments		LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	44,160		$	—		$	—		$	—	$	—		$	44,160
Gross profit	$	2,864		$	3		$	—		$	—	$	94		$	2,961
Operating expenses		(2,077	)		128			62			—		—			(1,887	)
Other income, net		22			(1	)		—			—		—			21
Interest expense		(95	)		—			—			—		—			(95	)
Income from continuing operations before income taxes		714			130			62			—		94			1,000
Income tax expense		(223	)		(39	)		(22	)		—		(37	)		(321	)
Income from continuing operations after tax		491			91			40			—		57			679
Net income attributable to noncontrolling interests		(8	)		(12	)		(2	)		—		—			(22	)
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	483		$	79		$	38		$	—	$	57		$	657
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation(a)	$	2.05		$	0.33		$	0.16		$	—	$	0.25		$	2.79
Diluted weighted average common shares		235			235			235			—		235			235

(a) Certain computations may reflect rounding adjustments.

Exhibit II

	Quarter Ended December 31, 2014
	As Recast (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments		LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	46,484		$	—		$	—		$	—	$	—		$	46,484
Gross profit	$	2,898		$	2		$	1		$	—	$	95		$	2,996
Operating expenses		(2,098	)		123			50			—		—			(1,925	)
Other income, net		12			—			—			—		—			12
Interest expense		(93	)		—			—			—		—			(93	)
Income from continuing operations before income taxes		719			125			51			—		95			990
Income tax expense		(198	)		(41	)		(18	)		—		(37	)		(294	)
Income from continuing operations after tax		521			84			33			—		58			696
Net income attributable to noncontrolling interests		(39	)		23			6			—		—			(10	)
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	482		$	107		$	39		$	—	$	58		$	686
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation(a)	$	2.04		$	0.45		$	0.17		$	—	$	0.25		$	2.91
Diluted weighted average common shares		236			236			236			—		236			236
	Quarter Ended March 31, 2015(b)
	As Reported (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments		LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	44,925		$	—		$	—		$	—	$	—		$	44,925
Gross profit	$	2,917		$	2		$	—		$	—	$	50		$	2,969
Operating expenses		(2,217	)		106			62			150		—			(1,899	)
Other income, net		10			2			—			—		—			12
Interest expense		(90	)		—			—			—		—			(90	)
Income from continuing operations before income taxes		620			110			62			150		50			992
Income tax expense		(209	)		(36	)		(23	)		—		(19	)		(287	)
Income from continuing operations after tax		411			74			39			150		31			705
Net income attributable to noncontrolling interests		(12	)		—			—			—		—			(12	)
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	399		$	74		$	39		$	150	$	31		$	693
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation(a)	$	1.69		$	0.31		$	0.17		$	0.64	$	0.13		$	2.94
Diluted weighted average common shares		236			236			236			236		236			236
	Year Ended March 31, 2015(b)
	As Reported (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments		LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	179,045		$	—		$	—		$	—	$	—		$	179,045
Gross profit	$	11,411		$	9		$	1		$	—	$	337		$	11,758
Operating expenses		(8,443	)		483			223			150		—			(7,587	)
Other income, net		63			2			—			—		—			65
Interest expense		(374	)		—			—			—		—			(374	)
Income from continuing operations before income taxes		2,657			494			224			150		337			3,862
Income tax expense		(815	)		(157	)		(78	)		—		(131	)		(1,181	)
Income from continuing operations after tax		1,842			337			146			150		206			2,681
Net income attributable to noncontrolling interests		(67	)		—			—			—		—			(67	)
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	1,775		$	337		$	146		$	150	$	206		$	2,614
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation(a)	$	7.54		$	1.43		$	0.63		$	0.64	$	0.87		$	11.11
Diluted weighted average common shares		235			235			235			235		235			235

(a) Certain computations may reflect rounding adjustments.

(b) As reported in our fourth quarter and fiscal year ended March 31, 2015 financial results filed with the Securities and Exchange Commission on May 12, 2015.

Exhibit II

	Quarter Ended June 30, 2013
	As Reported (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments			LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	32,239		$	—		$	—		$	—		$	—		$	32,239
Gross profit	$	1,930		$	6		$	—		$	—		$	—		$	1,936
Operating expenses		(1,275	)		65			13			15			—			(1,182	)
Other income, net		6			—			—			—			—			6
Interest expense		(59	)		—			—			—			—			(59	)
Income from continuing operations before income taxes		602			71			13			15			—			701
Income tax expense		(174	)		(27	)		(5	)		(6	)		—			(212	)
Income from continuing operations after tax		428			44			8			9			—			489
Net income attributable to noncontrolling interests		—			—			—			—			—			—
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	428		$	44		$	8		$	9		$	—		$	489
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation(a)	$	1.84		$	0.19		$	0.04		$	0.04		$	—		$	2.11
Diluted weighted average common shares		232			232			232			232			—			232
	Quarter Ended September 30, 2013
	As Reported (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments			LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	32,985		$	—		$	—		$	—		$	—		$	32,985
Gross profit	$	2,021		$	5		$	—		$	—		$	44		$	2,070
Operating expenses		(1,335	)		65			13			35			—			(1,222	)
Other income, net		9			—			—			—			—			9
Interest expense		(59	)		—			—			—			—			(59	)
Income from continuing operations before income taxes		636			70			13			35			44			798
Income tax expense		(213	)		(25	)		(5	)		(2	)		(17	)		(262	)
Income from continuing operations after tax		423			45			8			33			27			536
Net income attributable to noncontrolling interests		—			—			—			—			—			—
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	423		$	45		$	8		$	33		$	27		$	536
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation(a)	$	1.82		$	0.19		$	0.03		$	0.14		$	0.12		$	2.30
Diluted weighted average common shares		233			233			233			233			233			233

(a) Certain computations may reflect rounding adjustments.

Exhibit II

	Quarter Ended December 31, 2013
	As Reported (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments			LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	34,336		$	—		$	—		$	—		$	—		$	34,336
Gross profit	$	1,850		$	4		$	3		$	—		$	142		$	1,999
Operating expenses		(1,357	)		66			40			18			—			(1,233	)
Other income, net		(6	)		—			13			—			—			7
Interest expense		(69	)		—			10			—			—			(59	)
Income from continuing operations before income taxes		418			70			66			18			142			714
Income tax expense		(254	)		(27	)		(23	)		(7	)		(56	)		(367	)
Income from continuing operations after tax		164			43			43			11			86			347
Net income attributable to noncontrolling interests		—			—			—			—			—			—
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	164		$	43		$	43		$	11		$	86		$	347
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation (a)	$	0.70		$	0.19		$	0.17		$	0.05		$	0.37		$	1.48
Diluted weighted average common shares		234			234			234			234			234			234
	Quarter Ended March 31, 2014(b)
	As Recast (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments			LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	37,832		$	—		$	—		$	—		$	—		$	37,832
Gross profit	$	2,551		$	(4	)	$	—		$	—		$	125		$	2,672
Operating expenses		(1,946	)		112			89			—			—			(1,745	)
Other income, net		23			—			1			—			—			24
Interest expense		(113	)		—			36			—			—			(77	)
Income from continuing operations before income taxes		515			108			126			—			125			874
Income tax expense		(116	)		(36	)		(36	)		—			(48	)		(236	)
Income from continuing operations after tax		399			72			90			—			77			638
Net income attributable to noncontrolling interests		5			(7	)		(2	)		—			—			(4	)
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	404		$	65		$	88		$	—		$	77		$	634
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation (a)	$	1.72		$	0.28		$	0.38		$	—		$	0.33		$	2.71
Diluted weighted average common shares		235			235			235			—			235			235
	Year Ended March 31, 2014(b)
	As Recast (GAAP)			Amortization of Acquisition- Related Intangibles			Acquisition Expenses and Related Adjustments			Claim and Litigation Reserve Adjustments			LIFO-Related Adjustments			Adjusted Earnings (Non-GAAP)
Revenues	$	137,392		$	—		$	—		$	—		$	—		$	137,392
Gross profit	$	8,352		$	11		$	3		$	—		$	311		$	8,677
Operating expenses		(5,913	)		308			155			68			—			(5,382	)
Other income, net		32			—			14			—			—			46
Interest expense		(300	)		—			46			—			—			(254	)
Income from continuing operations before income taxes		2,171			319			218			68			311			3,087
Income tax expense		(757	)		(115	)		(69	)		(15	)		(121	)		(1,077	)
Income from continuing operations after tax		1,414			204			149			53			190			2,010
Net income attributable to noncontrolling interests		5			(7	)		(2	)		—			—			(4	)
Income from continuing operations, net of tax, attributable to McKesson Corporation	$	1,419		$	197		$	147		$	53		$	190		$	2,006
Diluted earnings per common share from continuing operations, net of tax, attributable to McKesson Corporation (a)	$	6.08		$	0.85		$	0.63		$	0.23		$	0.81		$	8.60
Diluted weighted average common shares		233			233			233			233			233			233

(a) Certain computations may reflect rounding adjustments.

(b) As reported in our fourth quarter and fiscal year ended March 31, 2015 financial results filed with the Securities and Exchange Commission on May 12, 2015.

Exhibit III

McKESSON CORPORATION

RECONCILIATION OF GAAP SEGMENT FINANCIAL RESULTS TO ADJUSTED EARNINGS (NON-GAAP)

FOR THE YEARS ENDED MARCH 31, 2014 AND 2015

(unaudited)

(in millions)

In the fourth quarter of fiscal 2015, we committed to a plan to sell our Brazilian pharmaceutical distribution business as well as two other small businesses. The Brazilian business was acquired as part of our February 2014 acquisition of Celesio AG. The following information recasts our fiscal 2015 and 2014 results for these discontinued operations.

	Quarter Ended June 30, 2014												Quarter Ended September 30, 2014												Quarter Ended December 31, 2014
	Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total			Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total			Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total
As Recast (GAAP):
Revenues	$	42,708		$	768		$	—		$	43,476		$	43,390		$	770		$	—		$	44,160		$	45,729		$	755		$	—		$	46,484
Gross profit	$	2,393		$	339		$	—		$	2,732		$	2,481		$	383		$	—		$	2,864		$	2,527		$	371		$	—		$	2,898
Operating expenses		(1,670	)		(271	)		(110	)		(2,051	)		(1,708	)		(260	)		(109	)		(2,077	)		(1,731	)		(260	)		(107	)		(2,098	)
Other income, net		17			—			2			19			17			2			3			22			7			1			4			12
Income from continuing operations before interest expense and income taxes		740			68			(108	)		700			790			125			(106	)		809			803			112			(103	)		812
Interest expense		—			—			(96	)		(96	)		—			—			(95	)		(95	)		—			—			(93	)		(93	)
Income from continuing operations before income taxes	$	740		$	68		$	(204	)	$	604		$	790		$	125		$	(201	)	$	714		$	803		$	112		$	(196	)	$	719
Gross profit margin		5.60	%		44.14	%		—			6.28	%		5.72	%		49.74	%		—			6.49	%		5.53	%		49.14	%		—			6.23	%
Operating expenses as a % of revenues		3.91	%		35.29	%		—			4.72	%		3.94	%		33.77	%		—			4.70	%		3.79	%		34.44	%		—			4.51	%
Operating pre-tax profit as a % of revenues		1.73	%		8.85	%		—			1.61	%		1.82	%		16.23	%		—			1.83	%		1.76	%		14.83	%		—			1.75	%
Pre-Tax Adjustments:
Gross profit	$	—		$	2		$	—			2		$	—		$	3		$	—		$	3		$	1		$	1		$	—		$	2
Operating expenses		116			10			—			126			118			10			—			128			111			12			—			123
Other income, net		1			—			—			1			(1	)		—			—			(1	)		—			—			—			—
Amortization of acquisition-related intangibles		117			12			—			129			117			13			—			130			112			13			—			125
Gross profit		—			—			—			—			—			—			—			—			1			—			—			1
Operating expenses		42			—			7			49			58			1			3			62			50			(1	)		1			50
Other income, net		—			—			—			—			—			—			—			—			—			—			—			—
Interest expense		—			—			—			—			—			—			—			—			—			—			—			—
Acquisition expenses and related adjustments		42			—			7			49			58			1			3			62			51			(1	)		1			51
Operating expenses - Claim and litigation reserve adjustments		—			—			—			—			—			—			—			—			—			—			—			—
Gross profit - LIFO-related adjustments		98			—			—			98			94			—			—			94			95			—			—			95
Total pre-tax adjustments	$	257		$	12		$	7		$	276		$	269		$	14		$	3		$	286		$	258		$	12		$	1		$	271
Adjusted Earnings (Non-GAAP):
Revenues	$	42,708		$	768		$	—		$	43,476		$	43,390		$	770		$	—		$	44,160		$	45,729		$	755		$	—		$	46,484
Gross profit	$	2,491		$	341		$	—		$	2,832		$	2,575		$	386		$	—		$	2,961		$	2,624		$	372		$	—		$	2,996
Operating expenses		(1,512	)		(261	)		(103	)		(1,876	)		(1,532	)		(249	)		(106	)		(1,887	)		(1,570	)		(249	)		(106	)		(1,925	)
Other income, net		18			—			2			20			16			2			3			21			7			1			4			12
Income from continuing operations before interest expense and income taxes		997			80			(101	)		976			1,059			139			(103	)		1,095			1,061			124			(102	)		1,083
Interest expense		—			—			(96	)		(96	)		—			—			(95	)		(95	)		—			—			(93	)		(93	)
Income from continuing operations before income taxes	$	997		$	80		$	(197	)	$	880		$	1,059		$	139		$	(198	)	$	1,000		$	1,061		$	124		$	(195	)	$	990
Gross profit margin		5.83	%		44.40	%		—			6.51	%		5.93	%		50.13	%		—			6.71	%		5.74	%		49.27	%		—			6.45	%
Operating expenses as a % of revenues		3.54	%		33.98	%		—			4.32	%		3.53	%		32.34	%		—			4.27	%		3.43	%		32.98	%		—			4.14	%
Operating pre-tax profit as a % of revenues		2.33	%		10.42	%		—			2.24	%		2.44	%		18.05	%		—			2.48	%		2.32	%		16.42	%		—			2.33	%

Exhibit III

	Quarter Ended March 31, 2015(a)												Year Ended March 31, 2015(a)
	Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total			Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total
As Reported (GAAP):
Revenues	$	44,149		$	776		$	—		$	44,925		$	175,976		$	3,069		$	—		$	179,045
Gross profit	$	2,536		$	381		$	—		$	2,917		$	9,937		$	1,474		$	—		$	11,411
Operating expenses		(1,829	)		(248	)		(140	)		(2,217	)		(6,938	)		(1,039	)		(466	)		(8,443	)
Other income, net		7			—			3			10			48			3			12			63
Income from continuing operations before interest expense and income taxes		714			133			(137	)		710			3,047			438			(454	)		3,031
Interest expense		—			—			(90	)		(90	)		—			—			(374	)		(374	)
Income from continuing operations before income taxes	$	714		$	133		$	(227	)	$	620		$	3,047		$	438		$	(828	)	$	2,657
Gross profit margin		5.74	%		49.10	%		—			6.49	%		5.65	%		48.03	%		—			6.37	%
Operating expenses as a % of revenues		4.14	%		31.96	%		—			4.93	%		3.94	%		33.85	%		—			4.72	%
Operating pre-tax profit as a % of revenues		1.62	%		17.14	%		—			1.58	%		1.73	%		14.27	%		—			1.69	%
Pre-Tax Adjustments:
Gross profit	$	—		$	2		$	—		$	2		$	1		$	8		$	—		$	9
Operating expenses		97			8			1			106			442			40			1			483
Other income, net		2			—			—			2			2			—			—			2
Amortization of acquisition-related intangibles		99			10			1			110			445			48			1			494
Gross profit		—			—			—			—			1			—			—			1
Operating expenses		61			—			1			62			211			—			12			223
Other income, net		—			—			—			—			—			—			—			—
Interest expense		—			—			—			—			—			—			—			—
Acquisition expenses and related adjustments		61			—			1			62			212			—			12			224
Operating expenses - Litigation reserve adjustments		150			—			—			150			150			—			—			150
Gross profit - LIFO-related adjustments		50			—			—			50			337			—			—			337
Total pre-tax adjustments	$	360		$	10		$	2		$	372		$	1,144		$	48		$	13		$	1,205
Adjusted Earnings (Non-GAAP):
Revenues	$	44,149		$	776		$	—		$	44,925		$	175,976		$	3,069		$	—		$	179,045
Gross profit	$	2,586		$	383		$	—		$	2,969		$	10,276		$	1,482		$	—		$	11,758
Operating expenses		(1,521	)		(240	)		(138	)		(1,899	)		(6,135	)		(999	)		(453	)		(7,587	)
Other income, net		9			—			3			12			50			3			12			65
Income from continuing operations before interest expense and income taxes		1,074			143			(135	)		1,082			4,191			486			(441	)		4,236
Interest expense		—			—			(90	)		(90	)		—			—			(374	)		(374	)
Income from continuing operations before income taxes	$	1,074		$	143		$	(225	)	$	992		$	4,191		$	486		$	(815	)	$	3,862
Gross profit margin		5.86	%		49.36	%		—			6.61	%		5.84	%		48.29	%		—			6.57	%
Operating expenses as a % of revenues		3.45	%		30.93	%		—			4.23	%		3.49	%		32.55	%		—			4.24	%
Operating pre-tax profit as a % of revenues		2.43	%		18.43	%		—			2.41	%		2.38	%		15.84	%		—			2.37	%

(a) As reported in our fourth quarter and fiscal year ended March 31, 2015 financial results filed with the Securities and Exchange Commission on May 12, 2015.

Exhibit III

	Quarter Ended June 30, 2013												Quarter Ended September 30, 2013												Quarter Ended December 31, 2013
	Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total			Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total			Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total
As Reported (GAAP):
Revenues	$	31,403		$	836		$	—		$	32,239		$	32,169		$	816		$	—		$	32,985		$	33,522		$	814		$	—		$	34,336
Gross profit	$	1,520		$	410		$	—		$	1,930		$	1,623		$	398		$	—		$	2,021		$	1,499		$	351		$	—		$	1,850
Operating expenses		(905	)		(283	)		(87	)		(1,275	)		(944	)		(278	)		(113	)		(1,335	)		(950	)		(305	)		(102	)		(1,357	)
Other income, net		4			—			2			6			6			—			3			9			3			1			(10	)		(6	)
Income from continuing operations before interest expense and income taxes		619			127			(85	)		661			685			120			(110	)		695			552			47			(112	)		487
Interest expense		—			—			(59	)		(59	)		—			—			(59	)		(59	)		—			—			(69	)		(69	)
Income from continuing operations before income taxes	$	619		$	127		$	(144	)	$	602		$	685		$	120		$	(169	)	$	636		$	552		$	47		$	(181	)	$	418
Gross profit margin		4.84	%		49.04	%		—			5.99	%		5.05	%		48.77	%		—			6.13	%		4.47	%		43.12	%		—			5.39	%
Operating expenses as a % of revenues		2.88	%		33.85	%		—			3.95	%		2.93	%		34.07	%		—			4.05	%		2.83	%		37.47	%		—			3.95	%
Operating pre-tax profit as a % of revenues		1.97	%		15.19	%		—			2.05	%		2.13	%		14.71	%		—			2.11	%		1.65	%		5.77	%		—			1.42	%
Pre-Tax Adjustments:
Gross profit	$	—		$	6		$	—		$	6		$	1		$	4		$	—		$	5		$	—		$	4		$	—		$	4
Operating expenses		54			11			—			65			52			13			—			65			55			11			—			66
Other income, net		—			—			—			—			—			—			—			—			—			—			—			—
Amortization of acquisition-related intangibles		54			17			—			71			53			17			—			70			55			15			—			70
Gross profit		—			—			—			—			—			—			—			—			—			3			—			3
Operating expenses		12			1			—			13			10			2			1			13			16			12			12			40
Other income, net		—			—			—			—			—			—			—			—			—			—			13			13
Interest expense		—			—			—			—			—			—			—			—			—			—			10			10
Acquisition expenses and related adjustments		12			1			—			13			10			2			1			13			16			15			35			66
Operating expenses - Litigation reserve adjustments		15			—			—			15			35			—			—			35			18			—			—			18
Gross profit - LIFO-related adjustments		—			—			—			—			44			—			—			44			142			—			—			142
Total pre-tax adjustments	$	81		$	18		$	—		$	99		$	142		$	19		$	1		$	162		$	231		$	30		$	35		$	296
Adjusted Earnings (Non-GAAP):
Revenues	$	31,403		$	836		$	—		$	32,239		$	32,169		$	816		$	—		$	32,985		$	33,522		$	814		$	—		$	34,336
Gross profit	$	1,520		$	416		$	—		$	1,936		$	1,668		$	402		$	—		$	2,070		$	1,641		$	358		$	—		$	1,999
Operating expenses		(824	)		(271	)		(87	)		(1,182	)		(847	)		(263	)		(112	)		(1,222	)		(861	)		(282	)		(90	)		(1,233	)
Other income, net		4			—			2			6			6			—			3			9			3			1			3			7
Income from continuing operations before interest expense and income taxes		700			145			(85	)		760			827			139			(109	)		857			783			77			(87	)		773
Interest expense		—			—			(59	)		(59	)		—			—			(59	)		(59	)		—			—			(59	)		(59	)
Income from continuing operations before income taxes	$	700		$	145		$	(144	)	$	701		$	827		$	139		$	(168	)	$	798		$	783		$	77		$	(146	)	$	714
Gross profit margin		4.84	%		49.76	%		—			6.01	%		5.19	%		49.26	%		—			6.28	%		4.90	%		43.98	%		—			5.82	%
Operating expenses as a % of revenues		2.62	%		32.42	%		—			3.67	%		2.63	%		32.23	%		—			3.70	%		2.57	%		34.64	%		—			3.59	%
Operating pre-tax profit as a % of revenues		2.23	%		17.34	%		—			2.36	%		2.57	%		17.03	%		—			2.60	%		2.34	%		9.46	%		—			2.25	%

Exhibit III

	Quarter Ended March 31, 2014(a)												Year Ended March 31, 2014(a)
	Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total			Distribution Solutions			Technology Solutions			Corporate & Interest Expense			Total
As Recast (GAAP):
Revenues	$	36,968		$	864		$	—		$	37,832		$	134,062		$	3,330		$	—		$	137,392
Gross profit	$	2,103		$	448		$	—		$	2,551		$	6,745		$	1,607		$	—		$	8,352
Operating expenses		(1,502	)		(295	)		(149	)		(1,946	)		(4,301	)		(1,161	)		(451	)		(5,913	)
Other income, net		15			1			7			23			28			2			2			32
Income from continuing operations before interest expense and income taxes		616			154			(142	)		628			2,472			448			(449	)		2,471
Interest expense		—			—			(113	)		(113	)		—			—			(300	)		(300	)
Income from continuing operations before income taxes	$	616		$	154		$	(255	)	$	515		$	2,472		$	448		$	(749	)	$	2,171
Gross profit margin		5.69	%		51.85	%		—			6.74	%		5.03	%		48.26	%		—			6.08	%
Operating expenses as a % of revenues		4.06	%		34.14	%		—			5.14	%		3.21	%		34.86	%		—			4.30	%
Operating pre-tax profit as a % of revenues		1.67	%		17.82	%		—			1.66	%		1.84	%		13.45	%		—			1.80	%
Pre-Tax Adjustments:
Gross profit	$	—		$	(4	)	$	—		$	(4	)	$	1		$	10		$	—		$	11
Operating expenses		94			17			1			112			255			52			1			308
Other income, net		—			—			—			—			—			—			—			—
Amortization of acquisition-related intangibles		94			13			1			108			256			62			1			319
Gross profit		—			—			—			—			—			3			—			3
Operating expenses		82			—			7			89			120			15			20			155
Other income, net		—			—			1			1			—			—			14			14
Interest expense		—			—			36			36			—			—			46			46
Acquisition expenses and related adjustments		82			—			44			126			120			18			80			218
Operating expenses - Litigation reserve adjustments		—			—			—			—			68			—			—			68
Gross profit - LIFO-related adjustments		125			—			—			125			311			—			—			311
Total pre-tax adjustments	$	301		$	13		$	45		$	359		$	755		$	80		$	81		$	916
Adjusted Earnings (Non-GAAP):
Revenues	$	36,968		$	864		$	—		$	37,832		$	134,062		$	3,330		$	—		$	137,392
Gross profit	$	2,228		$	444		$	—		$	2,672		$	7,057		$	1,620		$	—		$	8,677
Operating expenses		(1,326	)		(278	)		(141	)		(1,745	)		(3,858	)		(1,094	)		(430	)		(5,382	)
Other income, net		15			1			8			24			28			2			16			46
Income from continuing operations before interest expense and income taxes		917			167			(133	)		951			3,227			528			(414	)		3,341
Interest expense		—			—			(77	)		(77	)		—			—			(254	)		(254	)
Income from continuing operations before income taxes	$	917		$	167		$	(210	)	$	874		$	3,227		$	528		$	(668	)	$	3,087
Gross profit margin		6.03	%		51.39	%		—			7.06	%		5.26	%		48.65	%		—			6.32	%
Operating expenses as a % of revenues		3.59	%		32.18	%		—			4.61	%		2.88	%		32.85	%		—			3.92	%
Operating pre-tax profit as a % of revenues		2.48	%		19.33	%		—			2.51	%		2.41	%		15.86	%		—			2.43	%

(a) As reported in our fourth quarter and fiscal year ended March 31, 2015 financial results filed with the Securities and Exchange Commission on May 12, 2015.