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 revised due to changes from several customers. MasterCard revenue is not impacted from these changes. Data for the comparable periods in 2012, 2011 and 2010 have been revised to be consistent with these approaches.

Performance information for prior periods can be found in the "Investor Relations" section of MasterCard's website at www.mastercard.com.
                         
GAAP Reconciliations
($ in millions, except per share data)
 

Nine Months Ended

September 30, 2013

Nine Months Ended

September 30, 2012
 
Actual   Actual   Special Item   Non-GAAP  
 
Provision for litigation settlement $   - $   20 $   (20 ) $   -
 
Total operating expenses 2,637 2,458 (20 ) 2,438
 
Operating income 3,583 3,038 20 3,058
 
Operating Margin 57.6 % 55.3 % 55.6 %
 
Income before income taxes 3,589 3,039 20 3,059
 
Income tax expense 1,096 885 7 a 892
 
Net Income 2,493 2,154 13 2,167
 
 
Basic Earnings per Share $ 20.52 $ 17.13 $ 0.10 $ 17.23
 
Diluted Earnings per Share $ 20.46 $ 17.07 $ 0.11 $ 17.18
 
a- Tax effect of provision for litigation settlement
 
 
Note: Figures may not sum due to rounding
 

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