¹In the three months ended December 31, 2019, Change in fair value of investments included a $71.0 million gain due to the change in value of our investment in PTC. In the three months ended December 31, 2018, Change in fair value of investments included a $246.4 million loss due to the change in value of our investment in PTC and a $33.7 million gain due to the valuation adjustments related to the registration of PTC Shares.

ROCKWELL AUTOMATION, INC.
OTHER SUPPLEMENTAL INFORMATION
(in millions)

Organic Sales

We translate sales of subsidiaries operating outside of the United States using exchange rates effective during the respective period. Therefore, changes in currency exchange rates affect our reported sales. Sales by acquired businesses also affect our reported sales. We believe that organic sales, defined as sales excluding the effects of changes in currency exchange rates and acquisitions, which is a non-GAAP financial measure, provides useful information to investors because it reflects regional and operating segment performance from the activities of our businesses without the effect of changes in currency exchange rates and acquisitions. We use organic sales as one measure to monitor and evaluate our regional and operating segment performance. We determine the effect of changes in currency exchange rates by translating the respective period’s sales using the same currency exchange rates that were in effect during the prior year. When we acquire businesses, we exclude sales in the current period for which there are no comparable sales in the prior period. When we divest a business, we exclude sales in the prior period for which there are no comparable sales in the current period. Organic sales growth is calculated by comparing organic sales to reported sales in the prior year, excluding divestitures. We attribute sales to the geographic regions based on the country of destination.

The following is a reconciliation of reported sales to organic sales for the three months ended December 31, 2019 compared to sales for the three months ended December 31, 2018:

		Three Months Ended December 31,
		2019																				2018
		Sales				Effect of Changes in Currency				Sales Excluding Effect of Changes in Currency				Effect of Acquisitions1				Organic Sales				Sales
North America		$	1,006.9			$	—			$	1,006.9			$	(40.8	)		$	966.1			$	998.8
EMEA		310.1				9.2				319.3				(20.3		)		299.0				294.4
Asia Pacific		229.6				3.1				232.7				(5.7		)		227.0				214.4
Latin America		137.9				2.4				140.3				(6.6		)		133.7				134.7
Total		$	1,684.5			$	14.7			$	1,699.2			$	(73.4	)		$	1,625.8			$	1,642.3

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