USG CORP - FORM 8-K - EX-99.1 - EXHIBIT 99.1 - January 26, 2018

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EXHIBIT 99.1

USG CORPORATION
SCHEDULE OF REVISED REPORTABLE SEGMENT DATA
SUPPLEMENTAL FINANCIAL INFORMATION
(dollars in millions)
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
Recast Financial Information for Change in Segments
 
Q3 2017
 
Q2 2017
 
Q1 2017
 
Q4 2016
 
FY2016
 
FY2015
Net Sales
 
 
 
 
 
 
 
 
 
 
 
U.S. Wallboard and Surfaces
$
466

 
$
482

 
$
469

 
$
440

 
$
1,778

 
$
1,720

U.S. Performance Materials
92

 
100

 
86

 
86

 
357

 
321

U.S. Ceilings
125

 
118

 
112

 
102

 
467

 
464

Canada
100

 
104

 
96

 
95

 
389

 
372

Other
63

 
59

 
56

 
55

 
220

 
239

Eliminations
(51
)
 
(52
)
 
(52
)
 
(44
)
 
(194
)
 
(203
)
Total USG Corporation Net Sales
$
795

 
$
811

 
$
767

 
$
734

 
$
3,017

 
$
2,913

 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit (Loss)
 
 
 
 
 
 
 
 
 
 
 
U.S. Wallboard and Surfaces
$
72

 
$
79

 
$
83

 
$
67

 
$
334

 
$
298

U.S. Performance Materials
6

 
8

 
7

 
6

 
41

 
31

U.S. Ceilings
26

 
23

 
21

 
15

 
101

 
80

Canada
3

 
2

 
2

 
5

 
26

 
10

Other
6

 
1

 
1

 
2

 
(4
)
 
30

Corporate
(20
)
 
(17
)
 
(23
)
 
(36
)
 
(104
)
 
(94
)
Total USG Corporation Operating Profit (Loss)
$
93

 
$
96

 
$
91

 
$
59

 
$
394

 
$
355

 
 
 
 
 
 
 
 
 
 
 
 
USG Boral Building Products (UBBP)
 
 
 
 
 
 
 
 
 
 
 
Net sales
$
324

 
$
287

 
$
276

 
$
274

 
$
1,052

 
$
1,003

Operating profit
43

 
40

 
35

 
28

 
133

 
124

Net income attributable to UBBP
30

 
28

 
25

 
25

 
99

 
96

USG share of income from UBBP
15

 
14

 
13

 
12

 
49

 
48

 
 
 
 
 
 
 
 
 
 
 
 
 



EXHIBIT 99.1


USG CORPORATION
SCHEDULE OF REVISED REPORTABLE SEGMENT DATA
RECONCILIATION OF NON-GAAP MEASURES TO GAAP MEASURES
SUPPLEMENTAL FINANCIAL INFORMATION
(dollars in millions)
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
 
Recast Financial Information for Change in Segments
 
Q3 2017
 
Q2 2017
 
Q1 2017
 
Q4 2016
 
FY2016
 
FY2015
U.S. Wallboard and Surfaces operating profit - GAAP
$
72

 
$
79

 
$
83

 
$
67

 
$
334

 
$
298

Pension settlement charge
2

 
4

 
—

 
6

 
6

 
—

Gain on sale of surplus property
—

 
—

 
—

 
—

 
(11
)
 
—

U.S. Wallboard and Surfaces adjusted operating profit - Non-GAAP
$
74

 
$
83

 
$
83

 
$
73

 
$
329

 
$
298

 
 
 
 
 
 
 
 
 
 
 
 
U.S. Performance Materials operating profit - GAAP
$
6

 
$
8

 
$
7

 
$
6

 
$
41

 
$
31

Pension settlement charge
1

 
1

 
—

 
2

 
2

 
—

U.S. Performance Materials adjusted operating profit - Non-GAAP
$
7

 
$
9

 
$
7

 
$
8

 
$
43

 
$
31

 
 
 
 
 
 
 
 
 
 
 
 
U.S. Ceilings operating profit - GAAP
$
26

 
$
23

 
$
21

 
$
15

 
$
101

 
$
80

Pension settlement charge
—

 
1

 
—

 
2

 
2

 
—

U.S. Ceilings adjusted operating profit - Non-GAAP
$
26

 
$
24

 
$
21

 
$
17

 
$
103

 
$
80

 
 
 
 
 
 
 
 
 
 
 
 
Consolidated operating profit - GAAP
93

 
96

 
91

 
59

 
394

 
355

Income from equity method investments
15

 
14

 
13

 
12

 
49

 
50

Pension settlement charge(1)
3

 
7

 
—

 
17

 
17

 
—

Exit of commercial office space(1)
—

 
—

 
—

 
4

 
4

 
—

USG's share of UBBP impairment charges
—

 
—

 
—

 
4

 
8

 
—

Long-lived asset impairment and severance charges(2)
—

 
—

 
—

 
—

 
12

 
—

Gain on sale of surplus property(2) 
—

 
—

 
—

 
—

 
(11
)
 
(10
)
GTL recovery of receivable / shipping operations(2)
—

 
—

 
—

 
—

 
(3
)
 
(7
)
Consolidated adjusted operating profit - Non-GAAP
$
111

 
$
117

 
$
104

 
$
96

 
$
470

 
$
388

 
 
 
 
 
 
 
 
 
 
 
 
(1) Includes adjustments related to Corporate
(2) Includes adjustments related to Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



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