The following is a reconciliation of reported sales growth to organic sales growth for our operating segments 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 |
||||||||||||||
|
|
Reported Sales
|
|
Effect of
|
|
Sales Growth
|
|
Effect of
|
|
Organic Sales
|
||||||
Architecture & Software |
|
(0.2 |
)% |
|
(1.0 |
)% |
|
0.8 |
% |
|
0.1 |
% |
|
|
0.7 |
% |
Control Products & Solutions |
|
4.9 |
% |
|
(0.8 |
)% |
|
5.7 |
% |
|
8.2 |
% |
1 |
|
(2.5 |
)% |
Total |
|
2.6 |
% |
|
(0.9 |
)% |
|
3.5 |
% |
|
4.5 |
% |
|
|
(1.0 |
)% |
1Includes incremental sales resulting from the formation of the Sensia joint venture.
The following is a reconciliation of reported sales to organic sales for Logix for the three months ended December 31, 2019:
|
Three Months Ended |
|
December 31, 2019 |
Logix |
|
Reported growth |
(3)% |
Effect of currency translation |
1% |
Organic growth |
(2)% |
ROCKWELL AUTOMATION, INC.
OTHER SUPPLEMENTAL INFORMATION
(in millions, except per share amounts and percentages)
Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate
Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate are non-GAAP earnings measures that exclude non-operating pension and postretirement benefit cost (credit), net income (loss) attributable to noncontrolling interests, gains and losses on investments, and valuation adjustments related to the registration of PTC Shares, including their respective tax effects.
We believe that Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate provide useful information to our investors about our operating performance and allow management and investors to compare our operating performance period over period. Adjusted EPS is also used as a financial measure of performance for our annual incentive compensation. Our measures of Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate may be different from measures used by other companies. These non-GAAP measures should not be considered a substitute for net income attributable to Rockwell Automation, diluted EPS and effective tax rate.
The following are the components of operating and non-operating pension and postretirement benefit cost (in millions):
