Cummins__q206nongaap
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Transcript of Cummins__q206nongaap
![Page 1: Cummins__q206nongaap](https://reader038.fdocument.pub/reader038/viewer/2022100723/58f2589e1a28ab9d7e8b4573/html5/thumbnails/1.jpg)
Non-GAAP Reconciliation –EBITNon-GAAP Reconciliation –EBIT
EBIT = Earnings before interest, taxes, and minority interests.
We use EBIT to assess and measure the performance of our operating segments and also as a component in measuring our variable compensation programs. The table above reconciles EBIT, a non-GAAP financial measure, to our consolidated earnings before income taxes and minority interests, for each of the applicable periods.
$ 228$ 207$ 299Earnings before income taxes and minority interests
$ (27)$ (28)$ (26)Interest Expense
$ 255$ 235$ 325Segment EBIT
April 2,2006
June 26, 2005
July 2, 2006
Millions
Three Months Ended
![Page 2: Cummins__q206nongaap](https://reader038.fdocument.pub/reader038/viewer/2022100723/58f2589e1a28ab9d7e8b4573/html5/thumbnails/2.jpg)
Non-GAAP Reconciliation –EBITNon-GAAP Reconciliation –EBIT
EBIT = Earnings before interest, taxes, and minority interests.
We use EBIT to assess and measure the performance of our operating segments and also as a component in measuring our variable compensation programs. The table above reconciles EBIT, a non-GAAP financial measure, to our consolidated earnings before income taxes and minority interests, for each of the applicable periods.
$ 342$ 527Earnings before income taxes and minority interests
$ (56)$ (53)Interest Expense
$ 398$ 580Segment EBIT
June 26,2005
July 2, 2006
Millions
Six Months Ended