From version < 1.56 >
edited by Md. Touhidul Islam
on 2023/01/30 06:37
To version < 1.57 >
edited by Md. Touhidul Islam
on 2023/01/30 06:38
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19 19  Reported depreciation and amortization expense decreased $118 million, or 10%, for the third quarter of 2022 and decreased $252 million, or 7%, for the nine months ended September 30, 2022. The decrease is related primarily to lower depreciation and amortization of intangible assets acquired in the merger and currency impacts.
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21 +Russia-Ukraine conflict and other charges were $15 million and $1,004 million for the third quarter and nine months ended September 30, 2022, respectively. The charge recorded in the third quarter of 2022 is primarily driven by the sale of the GIST business. The charge for the nine months ended September 30, 2022 relates primarily to the deconsolidation and impairment of Russian subsidiaries resulting from the ongoing war in Ukraine and related sanctions recorded as of June 30, 2022. 2021 charges of $26 million and $222 million, for the quarter and year-to-date periods respectively, relate to cost reduction program and other charges, primarily severance.
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23 +Operating profit reported during this quarter is $1,613 million as compared to $1,292 million a year earlier. On a reported basis, operating profit increased $321 million, or 25%, for the third quarter of 2022 and increased $35 million, or 1%, for the nine months ended September 30, 2022.
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24 24  {{putFootnotes/}}
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