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[1] Q3 2013 operating income calculated by using (i) the midpoint of the Company’s guidance for Diluted EPS of $1.11; multiplied by (ii) 107mm diluted shares outstanding; divided by (iii) 1 – 23.5% (midpoint of the effective tax rate guidance); plus$5.6mm of interest expense.
SOURCE Pershing Square Capital Management, L.P.