## Examples of *ROIC* in a sentence

EXPLANATORY NOTESThroughout this supplement:• All earnings per share figures represent diluted weighted average share count on continuing earnings.• References to Return on Invested Capital, or

**ROIC**, are equal to TTM (Operating Income x (1-Tax Rate) ) / (Avg Debt + Avg Shareholders Equity + Avg Non-Controlling Interest - Avg Cash, Cash Equiv, & ST Investments).**ROIC**will be computed as a simple three-year average for all fiscal years in the Performance Period.Twelve Months Ended2019 2018 ChangeNet sales$ 20,419$ 21,037(2.9)%Less: Embraco net sales(635)(1,135) Add-Back: currency430— Organic net sales$ 20,214$ 19,9021.6 %RETURN ON INVESTED CAPITAL: The reconciliation provided below compares the non-GAAP financial measure Return on Invested Capital (

**ROIC**) with the most directly comparable GAAP financial measure, Return on Assets (ROA), for the 12 months ended December 31, 2019, 2018 and 2017.Return on Invested Capital (

**ROIC**) is calculated as adjusted net operating profit after taxes (adjusted for implied interest expense on operating leases), divided by average invested capital.Safety and training related problems or mishaps involving or observed by the contractor shall be addressed immediately to the designated RSO or

**ROIC**.