In 2012, certain MasterCard Debit and Credit Programs in the Europe region have changed due to a reclassification of programs. There is no impact at the All MasterCard Programs level. In addition, Purchase Transactions for certain Credit Programs in the Latin America region have been restated due to revisions from several customers. MasterCard revenue is not impacted from these changes. Data for the comparable periods in 2012, 2011 and 2010 have been restated to be consistent with these approaches.

Performance information for prior periods can be found in the "Investor Relations" section of MasterCard's website at

GAAP Reconciliation

($ in millions, except per share data)

Nine Months Ended September 30, 2012

Nine Months Ended September 30, 2011
Actual   Special Item Non-GAAP Actual
Provision for litigation settlement $ 20 $ (20) $ - $ -
Total operating expenses 2,458 (20) 2,438 2,263
Operating income 3,038 20 3,058 2,723
Operating Margin 55.3% 55.6% 54.6%
Income before income taxes 3,038 20 3,058 2,758
Income tax expense 885 7

892 872
Net Income Attributable to MasterCard 2,154 13 2,167 1,887
Basic Net Income per Share $17.13 $0.10 $17.23 $14.71
Diluted Net Income per Share $17.07 $0.11 $17.18 $14.66
a- Tax effect of provision for litigation settlement

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