23.12.2012 Views

FORM 10-K - Praxair

FORM 10-K - Praxair

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(a) Amounts for 2008 include the impact of the cost reduction program and other charges of $177 million ($114<br />

million after-tax and minority interests) and a pension settlement charge of $17 million ($11 million<br />

after-tax).<br />

(b) Amounts for 2005 include a $92 million income tax charge, or $0.28 per diluted share related to the<br />

repatriation of foreign earnings pursuant to the American Jobs Creation Act of 2004 and other tax<br />

adjustments.<br />

(c) 2005 net income includes the cumulative effect of accounting change relating to the implementation of a<br />

new accounting standard for asset retirement obligations.<br />

(d) Acquisitions for 2008 include the acquisition of Kirk Welding Supply, Inc., an independent packaged gas<br />

distributor in the U.S., as well as several smaller acquisitions in North America, South America and Europe.<br />

Acquisitions for 2007 include the acquisitions of an industrial gas business in Mexico and an independent<br />

packaged gas distributor in the U.S. for an aggregate purchase price of $297 million as well as the<br />

acquisition of a 50% interest in the industrial gases business of Yara International ASA for $117 million<br />

(see Note 3 to the consolidated financial statements); for 2004, it includes the acquisition of a U.S.<br />

homecare business for $245 million and the German acquisition in December for $667 million.<br />

(e) Non-GAAP measure. See the “Non-GAAP Financial Measures” section in Item 7 for definitions and<br />

reconciliation to reported amounts.<br />

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