¹Total segment operating earnings and total segment operating margin are non-GAAP financial measures. We exclude purchase accounting depreciation and amortization, general corporate – net, non-operating pension and postretirement benefit credit (cost), costs related to the unsolicited Emerson proposals in the first quarter of fiscal 2018, gains and losses on investments, valuation adjustments related to the registration of PTC securities, gains and losses from the disposition of businesses, interest (expense) income, net and income tax provision because we do not consider these costs to be directly related to the operating performance of our segments. We believe that these measures are useful to investors as measures of operating performance. We use these measures to monitor and evaluate the profitability of our operating segments. Our measures of total segment operating earnings and total segment operating margin may be different from measures used by other companies.

²Adjusted EPS is a non-GAAP earnings measure that excludes non-operating pension and postretirement benefit credit (cost), costs related to the unsolicited Emerson proposals, gains and losses on investments, and valuation adjustments related to the registration of PTC securities, including their respective tax effects and the charges associated with the enactment of the Tax Act. See "Other Supplemental Information - Adjusted Income, Adjusted EPS and Adjusted Effective Tax Rate" section for more information regarding non-operating pension and postretirement benefit credit (cost) and a reconciliation to GAAP measures.

ROCKWELL AUTOMATION, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (in millions)
		Three Months Ended June 30,								Nine Months Ended June 30,
		2019				2018				2019				2018
Sales (a)		$	1,665.1			$	1,698.7			$	4,964.6			$	4,936.5
Cost of sales1		(934.8		)		(954.0		)		(2,787.4		)		(2,787.7		)
Gross profit (b)1		730.3				744.7				2,177.2				2,148.8
Selling, general and administrative expenses (c)1		(361.7		)		(399.6		)		(1,133.4		)		(1,172.8		)
Other income (expense)1,2		(20.4		)		(76.9		)		(128.0		)		(73.1		)
Interest expense		(26.8		)		(16.5		)		(71.2		)		(53.8		)
Income before income taxes		321.4				251.7				844.6				849.1
Income tax provision 3		(60.0		)		(53.1		)		(156.9		)		(659.5		)
Net income		$	261.4			$	198.6			$	687.7			$	189.6
Gross profit as percent of sales (b/a)		43.9		%		43.8		%		43.9		%		43.5		%
SG&A as percent of sales (c/a)		21.7		%		23.5		%		22.8		%		23.8		%

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