Company: ROK
Filing Date: 2025-02-10
Form Type: 10-Q
Source: 0001024478-25-000010
Chunk: 82

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-02-10
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 Income, Adjusted EPS, and Adjusted Effective Tax Rate are non-GAAP earnings measures that exclude non-operating pension and postretirement benefit credit, purchase accounting depreciation and amortization attributable to Rockwell Automation, change in fair value of investments, and Net loss attributable to noncontrolling interests, including their respective tax effects. Non-operating pension and postretirement benefit credit is defined as all components of our net periodic pension and postretirement benefit cost except for service cost. See Note 10 in the Consolidated Financial Statements for more information on our net periodic pension and postretirement benefit cost.

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 reconciliations of Net income attributable to Rockwell Automation, diluted EPS, and effective tax rate to Adjusted Income, Adjusted EPS, and Adjusted Effective Tax Rate, respectively (in millions, except per share amounts and percentages):Three Months EndedDecember 31,20242023Net income attributable to Rockwell Automation$184 $215 Non-operating pension and postretirement benefit credit— (5)Tax effect of non-operating pension and postretirement benefit credit— 1 Purchase accounting depreciation and amortization attributable to Rockwell Automation33 33 Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation(8)(6)Change in fair value of investments— (3)Tax effect of change in fair value of investments— 1 Adjusted income$209 $236 Diluted EPS$1.61 $1.86 Non-operating pension and postretirement benefit credit— (0.04)Tax effect of non-operating pension and postretirement benefit credit— 0.01 Purchase accounting depreciation and amortization attributable to Rockwell Automation0.29 0.28 Tax effect of purchase accounting depreciation and amortization attributable to Rockwell Automation(0.07)(0.05)Change in fair value of investments— (0.03