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derivative gains and losses") until the related inventory is sold. GAAP. Rather, the presentation of these non GAAP financial measures supplements other metrics used by management to internally evaluate its businesses, and facilitates the comparison of past and present operations and liquidity. These non GAAP financial measures may not be comparable to similar measures used by other companies and may exclude certain nondiscretionary expenses and cash payments. Information concerning the amounts of certain items affecting comparability varies depending on the Company’s merger and acquisition activity, market conditions, and levels of derivative transactions with respect to a particular fiscal year, and is not determinable on a forward looking basis. A reconciliation of certain non GAAP financial measures to the comparable GAAP financial measure for the current and prior year periods is included in the "Unaudited Non GAAP Financial Measures" tables. About The J. M. Smucker Company For more than 115

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