Question

P6-42(millions) For year ended Dec. 31

2014 2013
Net Sales $58,167 $ 57,080

cost of sales 47,464 47,594

Research and development expenses 1,647 1,747

Selling, general, and administrative expenses 3,106 3,024

Amortization of intangibles 436 461

Goodwill and other intangible asset impairment losses 50 -

Restructuring charges (credits) (3) (22)

Asbestos-related charge 78 -

Equity in earnings of nonconsolidated affiliates 835 1,034

Sundry income (expense)—net (27) 2,554

Interest income 51 41

Interest expense and amortization of debt discount 983 1,101

Income before income taxes 5,265 6,804

Provision for income taxes 1,426 1,988

Net income $3,839 $4,816

my question is compute NOPAT and NOPM for each year.

Answer 1

Computation of NOPAT
Particular		Dec. 31,2014	Dec. 31,2013
Net sales		58,167	57,080
Less: Cost of Sales		47,464	47,594
	Research and development expenses	1,647	1,747
	Selling general and administrative expenses	3,106	3,024
	Amortisation of intangibles	436	461
	impairment losses	50	0
	Restructuring Charges	(3)	(22)
	Asbestos related charges	78	0
	Equity in earning of nonconsolidated affiliates	835	1,034
	Sundry Income/expenses	(27)	2,554
Net operating income before interest and taxes		4,581	688
Less Provision for Income tax		1,426	1,988
Net operating profit after tax (NOPAT)		3,155	(1,300)
NOTES:
-I unable to understand what is meant for NOPM, please use full form.
-Question is not in proper formate, so we are confused about whether figure
in millions, if it is in millions $ then answer is also in millions $.