Compare GAAP and non-GAAP Measures

FMC Corporation reports the following non-GAAP information in its 2016 form 10-K. Use this information to answer the requirements.

Year Ended December 31 ($ in millions)						2016	2015
Net income attributable to FMC stockholders (GAAP)						$246.0	$525.9
Corporate special charges (income), pre-tax						164.1	577.9
Income tax expense (benefit) on corporate special charges (income)						(48.5)	(144.9)
Corporate special charges (income), net of income taxes						115.6	433.0
Discontinued operations attributable to FMC stockholders, net of
income taxes						33.7	(676.4)
Non-GAAP tax adjustments						29.7	95.3
Adjustments after tax earnings from continuing operations attributable to
FMC stockholders (non-GAAP)						$425.0	$377.8

We believe that this measure provides useful information about our operating results to investors. We also believe that excluding the effect of restructuring and other income and charges, non-operating pension and postretirement charges, certain Non-GAAP tax adjustments from operating results and discontinued operations allows management and investors to compare more easily the financial performance of our underlying businesses from period to period.

Compute the return on equity for each year. Average equity was $1,911.7 million and $1,698.1 million for 2016 and 2015, respectively.

Round answers to one decimal place (ex: 0.2345 = 23.5%)

	2016	2015
ROE	Answer%	Answer%

Compute the year over year change for (i) net income and (ii) non-GAAP earnings.

Round answers to the nearest percentage.

(i) Net income Answerincreaseddecreased by Answer

%

(ii) Non-GAAP earnings Answerincreaseddecreased by Answer%

Re-compute the return on equity for each year using the non-GAAP earnings number.

Round answers to one decimal place (ex: 0.2345 = 23.5%)

	2016	2015
ROE	Answer%	Answer%