The table below reflects the calculation of constant currency for net sales and operating income for the three and nine months ended Oct. 31, 2012, respectively.

         
Three Months Ended October 31, 2012 Nine Months Ended October 31, 2012
International     Consolidated International     Consolidated
2012    

Percent

Change
2012    

Percent

Change
2012    

Percent

Change
2012    

Percent

Change
(Amounts in millions)                
Net sales
As reported $ 33,159 2.4 % $ 113,204 3.4 % $ 97,252 7.6 % $ 339,010 5.4 %

Currency exchange rate fluctuations (1)
  1,670         1,670         4,662           4,662        
34,829 114,874 101,914 343,672
Net sales from acquisitions   -         -         (3,774 )         (3,774 )      
Constant currency net sales $ 34,829     7.6 % $ 114,874     4.9 % $ 98,140       8.6 % $ 339,898       5.7 %
 
Operating income
As reported $ 1,455 4.8 % $ 6,116 4.0 % $ 4,258 9.6 % $ 19,201 5.7 %

Currency exchange rate fluctuations (1)
  29         29         189           189        
1,484 6,145 4,447 19,390
Operating income from acquisitions   -         -         (53 )         (53 )      
Constant currency operating income $ 1,484     6.8 % $ 6,145     4.5 % $ 4,394       13.1 % $ 19,337       6.5 %
 
(1) Excludes currency exchange rate fluctuations related to acquisitions until the acquisitions are included in both comparable periods.
 
 

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