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2020 2019 (in millions, except share and per share amounts) U.S. GAAP net income attributable to Nasdaq $ 933 $ 774 Non-GAAP adjustments: Amortization expense

2020

2019

(in millions, except share and per share amounts)
U.S. GAAP net income attributable to Nasdaq $ 933 $ 774
Non-GAAP adjustments:

Amortization expense of acquired intangible assets

103 101

Merger and strategic initiatives expense

33 30
Restructuring charges 48 39

Net income from unconsolidated investees

(70) (82)
Clearing default loss
Provision for notes receivable 6 20
Extinguishment of debt 36 11
Net gain on divestiture of businesses (27)
Gain on sale of investment security
Charitable donations 17
Other 8 17

Total non-GAAP adjustments

181 109

Adjustment to the income tax provision to reflect non-GAAP adjustments and other tax items

(77) (43)

Excess tax benefits related to employee share-based compensation

(6) (5)
Impact of enacted U.S. tax legislation
Reversal of certain Swedish tax benefits

Total non-GAAP tax adjustments

(83) (48)

Total non-GAAP adjustments, net of tax

98 61
Non-GAAP net income attributable to Nasdaq $ 1,031 $ 835

What items did the company choose to exclude/include from GAAP Earnings in order to arrive at non-GAAP Earnings? If a company discloses many items, select 2 for discussion.

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