Appendix: 78
Non-GAAP Adjustments and Deal-Related Amortization

2024 income from operations before taxes includes:

Q4—$77 million ($58 million after-tax) employee severance charges, $38 million ($27 million after-tax) gain on dispositions, $30 million ($23 million after-tax) IHS Markit merger costs, $8 million ($7 million after-tax) Executive Leadership Team transition costs, $6 million ($6 million after-tax) disposition-related costs, $5 million ($3 million after-tax) acquisition-related costs, $4 million ($3 million after-tax) lease impairments, $2 million ($1 million after-tax) liability write-off, and $294 million ($222 million after-tax) in amortization of intangibles from acquisitions.
Q3—$31 million ($23 million after-tax) IHS Markit merger costs, $21 million ($12 million after-tax) gain on disposition, $7 million ($5 million after-tax) statutorily required bonus accrual adjustment, $6 million ($5 million after-tax) premium amortization benefit, $4 million ($3 million after-tax) employee severance charges, $3 million ($5 million after-tax) acquisition-related costs, $1 million (less than $1 million after-tax) asset write-off, and $285 million ($215 million after-tax) in amortization of intangibles from acquisitions.
Q2—$36 million ($27 million after-tax) IHS Markit merger costs, $20 million ($20 million after-tax) legal costs, $11 million ($8 million after-tax) employee severance charges, $6 million ($5 million after-tax) premium amortization benefit, $4 million ($6 million after-tax) net acquisition-related benefit, $3 million ($2 million after-tax) disposition-related costs, $2 million ($1 million after-tax) asset write-offs, and $281 million ($212 million after-tax) in amortization of intangibles from acquisitions.
Q1—$36 million ($27 million after-tax) IHS Markit merger costs, $35 million ($26 million after-tax) employee severance charges, $7 million ($5 million after-tax) premium amortization benefit, $5 million ($4 million after-tax) acquisition-related costs, $1 million ($1 million after-tax) recovery of lease-related costs, and $278 million ($212 million after-tax) in amortization of intangibles from acquisitions.

2023 income from operations before taxes includes:

Q4—$83 million ($63 million after-tax) employee severance charges, $63 million ($48 million after-tax) IHS Markit merger costs, $7 million ($5 million after-tax) premium amortization benefit, $5 million ($4 million after-tax) disposition-related costs, $73 million ($73 million after-tax) acquisition-related costs, $3 million ($3 million after-tax) asset impairment, $1 million ($1 million after-tax) lease impairments, and $273 million ($207 million after-tax) in amortization of intangibles from acquisitions.
Q3—$58 million ($44 million after-tax) IHS Markit merger costs, $38 million ($29 million after-tax) employee severance charges, $7 million ($5 million after-tax) premium amortization benefit, $3 million ($2 million after-tax) disposition-related costs, $2 million ($1 million after-tax) acquisition-related costs, $1 million ($1 million after-tax) asset write-off, and $274 million ($208 million after-tax) in amortization of intangibles from acquisitions.
Q2—$120 million ($186 million after-tax) loss on disposition, $51 million ($39 million after-tax) IHS Markit merger costs, $51 million ($39 million after-tax) employee severance charges, $15 million ($11 million after-tax) lease impairment, $6 million ($5 million after-tax) premium amortization benefit, $5 million ($4 million after-tax) asset impairment, $3 million ($2 million after-tax) disposition-related costs, $2 million ($1 million after-tax) acquisition-related costs, and $275 million ($209 million after-tax) in amortization of intangibles from acquisitions.
Q1—$64 million ($48 million after-tax) IHS Markit merger costs, $50 million ($54 million after-tax) gain on dispositions, $13 million ($10 million after-tax) disposition-related costs, $12 million ($9 million after-tax) employee severance charges, $7 million ($5 million after-tax) premium amortization benefit, $2 million ($1 million after-tax) acquisition-related costs, and $275 million ($209 million after-tax) in amortization of intangibles from acquisitions.

2022 Non-GAAP pro forma income from operations before taxes includes:

Q4—$95 million ($73 million after-tax) IHS Markit merger costs, $95 million ($72 million after-tax) employee severance charges, $24 million ($18 million after-tax) disposition-related cost, $5 million ($4 million after-tax) of legal costs, $2 million ($2 million after-tax) acquisition-related costs, $1 million ($1 million after-tax) gain on dispositions, and $272 million ($210 million after-tax) in amortization of intangibles from acquisitions.
Q3—$144 million ($108 million after-tax) of IHS Markit merger costs, $55 million ($44 million after-tax) employee severance charges, $18 million ($18 million after-tax) acquisition-related benefit, $10 million ($10 million after-tax) gain on acquisition, $9 million ($7 million after-tax) asset impairment, $2 million ($1 million after-tax) loss on dispositions, and $280 million ($216 million after-tax) in amortization of intangibles from acquisitions.
Q2—$556 million ($427 million after-tax) gain on dispositions, $135 million ($104 million after-tax) IHS Markit merger costs, $61 million ($48 million after-tax) employee severance charges, $7 million ($7 million after-tax) acquisition-related costs, $3 million ($3 million after-tax) asset write-off, and $282 million ($216 million after-tax) in amortization of intangibles from acquisitions.
Q1—$1.3 billion ($1 billion after-tax) gain on disposition, $230 million ($190 million after-tax) of IHS Markit merger costs, $200 million ($151 million after-tax) S&P Foundation grant, $78 million ($60 million after-tax) employee severance charges, $15 million ($12 million after-tax) acquisition-related costs, $5 million ($4 million after-tax) lease impairments, and $125 million ($98 after-tax) in amortization of intangibles from acquisitions.