Return to Storm
Watch Update, "The 'OK' [unless something happens]
Economy"
Return to Storm
Watch Update, "The 'OK' [unless something happens]
Economy"
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Items included in and excluded from Standard & Poor's Core Earnings |
|
| Included in Core Earnings | Excluded from Core Earnings |
| Employee stock option grant expense | Goodwill impairment charges2 |
| Restructuring charges from ongoing operations1 | Gains/losses from asset sales2 |
| Write-downs of depreciable or amortizable operating assets1 | Pension gains |
| Pension costs - revised treatment of interest cost | Litigation or insurance settlements and proceeds |
| Purchased research & development expenses1 | Reversal of prior-year charges and provisions |
| Merger/acquisition related expenses1 | |
| Unrealized gains/losses from hedging activities1 | |
| 1
Treatment under GAAP is the same as under Standard & Poor's Core
Earnings.
2 Treatment for Operating Earnings is the same as under Standard & Poor's Core Earnings. Source: Standard & Poor's Core Earnings Technical Bulletin, as amended October 24, 2002 |
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