ZIMMER BIOMET HOLDINGS, INC. | |||
RECONCILIATION OF 2017 PROJECTED DILUTED EPS | |||
AND PROJECTED ADJUSTED DILUTED EPS | |||
(unaudited) | |||
Projected Year Ended December 31, 2017: |
High |
Low | |
Diluted EPS |
$ 4.88 |
$ 4.68 | |
Inventory step-up and other inventory and manufacturing related |
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charges, intangible asset amortization, special items and other expense |
5.80 |
5.94 | |
Taxes on above items(1) and other certain tax adjustments |
(2.08) |
(2.12) | |
Adjusted Diluted EPS |
$ 8.60 |
$ 8.50 | |
(1) The tax effect for the U.S. jurisdiction is estimated based on an effective rate considering federal and state taxes, as well as permanent items. For jurisdictions outside the U.S., the tax effect is estimated based upon the statutory rates where the items are projected to be incurred. |