Reconciliation of segment EBITDA to consolidated net income — | | | | | | | | | |
|
| Three Months Ended
March 31, | | | 2018 | | 2017 | Segment EBITDA |
| $ | 254 |
|
| $ | 212 |
| Corporate expense and other items, net |
| (6 | ) |
| (7 | ) | Depreciation |
| (64 | ) |
| (49 | ) | Amortization of intangibles |
| (3 | ) |
| (3 | ) | Non-service cost components of pension and OPEB costs | | (3 | ) | | | Restructuring |
| (1 | ) |
| (2 | ) | Stock compensation expense | | (4 | ) | | (4 | ) | Strategic transaction expenses, net of transaction breakup fee income |
| 1 |
|
| (11 | ) | Acquisition related inventory adjustments | |
|
| | (6 | ) | Other items | |
|
| | (1 | ) | Earnings before interest and income taxes | | 174 |
| | 129 |
| Interest expense |
| (24 | ) |
| (27 | ) | Interest income |
| 3 |
|
| 3 |
| Earnings before income taxes |
| 153 |
|
| 105 |
| Income tax expense |
| 48 |
|
| 30 |
| Equity in earnings of affiliates |
| 6 |
|
| 5 |
| Net income |
| $ | 111 |
|
| $ | 80 |
|
|