This excerpt taken from the TKR 10-K filed Mar 15, 2005.
The primary measurement used by management to measure the
financial performance of each Group is adjusted EBIT (earnings
before interest and taxes, excluding the effect of amounts related
to certain items that management considers not representative of
ongoing operations such as impairment and restructuring, integra–
costs, one–time gains or losses on sales of assets, allocated
receipts received or payments made under the CDSOA, loss on the
dissolution of subsidiary, and acquisition–related currency exchange
gains). Refer to Note 14 – Segment Information in the notes to
consolidated financial statements for the reconciliation of adjusted
EBIT by Group to consolidated income before income taxes.