Q EARNINGS 8/1/2018 CONFERENCE CALL. Copyright 2017 ARRIS Enterprises, LLC. All rights reserved

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1 Q EARNINGS 8/1/2018 CONFERENCE CALL Copyright 2017 ARRIS Enterprises, LLC. All rights reserved

2 Safe Harbor FORWARD-LOOKING STATEMENTS Statements made in this presentation, including those related to revenues and net income for the third quarter 2018 and beyond, capital allocation and shareholder returns, the impact of the Ruckus Networks acquisition and our future M&A strategy, market share growth, our expected tax rate, increased profitability, future R&D spending, the timing of introduction and acceptance of new products, and the general market outlook and industry trends are forward-looking statements. These and other forwardlooking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: projected results for the third quarter and full year 2018, are based on preliminary estimates, assumptions and projections that management believes to be reasonable at this time, but are beyond management s control; volatility in component pricing and supply could impact revenues and gross margins more than currently anticipated; fluctuations in our share price or reductions in free cash flow could impact the volume of share repurchases; recently enacted tariffs on imports from China and the proposed 10% tariff on additional products imported from China could have a material adverse impact on our financial results; the anticipated benefits from the Ruckus Networks acquisition or future acquisitions, if any, may not be realized; volatility in the currency fluctuation may adversely impact our international customers ability or willingness to purchase products and the pricing of our products; impacts of the U.K. invoking Article 50 of the Lisbon Treaty to leave the European Union, could have an adverse impact on results of operations; regulatory changes, including those related to recently completed changes to the U.S. tax code, could have an adverse impact on our operations and results of operations; the impact of litigation and similar regulatory proceedings that we are currently involved in, or may become involved in, including the costs of such litigation, could have an adverse effect on our operations and results; and changes in customer spending may adversely impact their ability or willingness to purchase the products that we offer. These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect our business. Additional information regarding these and other factors can be found in our reports filed with the Securities and Exchange Commission, including the ARRIS International Annual Report on Form 10-Q for the quarter ended March 31, In providing forwardlooking statements, we expressly disclaim any obligation to update publicly or otherwise these statements, whether as a result of new information, future events or otherwise, except as required by law. 2

3 2Q18 Results and 2H18 Outlook Bruce McClelland, CEO 3

4 Q2 Results REVENUE $1.727B Increased sales QoQ across all segments Strong HFC equipment and E6000 Hardware sales $1B+ CPE revenue EARNINGS $0.19 GAAP $0.72 (1) Non- GAAP Q2 Adjusted Gross Margin of 29.2% * Increased hardware mix Continued component cost pressures CUSTOMER Continuing International Strength International Sales 42% Backlog $1.3B Book to Bill 0.98 CASH $548M $103M cash from operating activities Significantly increased share repurchases $100M Q (2) $50M Q3 QTD through 8/1/2018 (1)See reconciliation of GAAP to Non-GAAP measures (2) Includes repurchases of 0.6M shares for a total of $13.7M, which were cash settled in July 2018 SOLID EXECUTION AND PROFITABILITY 4

5 Strong Cash Flow Generation ACQUISITION CLOSED IN JAN 2016 ACQUISITION CLOSED IN DEC 2017 TTM Non-GAAP EBITDA $1,000 $900 $800 $700 $600 $500 TTM Non-GAAP Revenue $5,198 TTM Non- GAAP EBITDA $619 $5,672 $715 $6,185 $782 Trailing Twelve Month (TTM) Non-GAAP EBITDA and Revenue $6,859 $880 $6,730 $6,663 $6,659 $6,616 $6,713 $6,776 $860 $804 $815 $818 $886 / ICX $899 $6,500 $5,500 $4,500 $3,500 $2,500 TTM Non-GAAP Revenue $400 $1,500 $300 Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18 $500 *See reconciliation of GAAP to Non-GAAP measures. Non-GAAP EBITDA ($ in millions) Revenue ACHIEVED RECORD PROFITABILITY* Note: Values do not reflect full-year impact of Pace and Ruckus/ICX acquisitions. Q4 17 includes 1 month of Ruckus/ICX and Q1 18 includes 3-months of Ruckus/ICX financials 5

6 Network and Cloud $700 $600 $500 $400 $300 $200 $100 $- REVENUE ($M) / ADJUSTED DIRECT CONTRIBUTION % 38.2% 39.9% 31.3% 33.2% 34.2% $9 $15 $12 $99 $74 $70 $85 $72 $427 $468 $488 $453 $479 Q Q Q Q Q Networks Software & Services Ruckus* Adjusted Direct Contribution % Q Results Expanding CCAP footprint and gaining share E6000 Gen2 line card shipments accelerating Continued strong demand for HFC Access products Remote PHY deployments growing 2018 Focus/Priorities Expand E6000 footprint and support D3.1 transition Fiber deep nodes and optics share gains Distributed Access portfolio expansion Increasing SD-WAN and Managed WiFi Services * ARRIS resale of Ruckus products prior to acquisition DRIVING TECHNOLOGY LEADERSHIP 6

7 Customer Premises Equipment $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 REVENUE ($M) / ADJUSTED DIRECT CONTRIBUTION % 9.9% 9.5% 9.8% 7.8% 4.9% $462 $489 $433 $323 $405 $667 $712 $657 $552 $603 Q Q Q Q Q Broadband Devices Video Devices Adjusted Direct Contribution % Q Results Increased broadband and video set tops sales International volumes further strengthened U.S. sales higher due to DOCSIS and Telco CPE Adjusted DOI improved due to favorable mix and increased sales 2018 Focus/Priorities CPE profitability Ramp DOCSIS 3.1 volumes Extend international sales momentum LEVERAGING SCALE AND PRICING DISCIPLINE 7

8 CPE Business Objectives Build upon product leadership position Disciplined portfolio evolution / management Expand customer connections Grow international service provider business Increase direct-to-consumer solution investment Streamline business operations Increase operational efficiency Drive product cost improvements Enhance OPEX leverage Target $1B/Quarter sales velocity Increase prices to address memory and MLCC costs Eliminate low contribution customer engagements Reduced run-rate opex by ~10% High single digit Adj. DOI Contribution COMMITTED TO IMPROVING CASH GENERATION & PROFITABILITY 8

9 Enterprise Networks REVENUE ($M) / ADJUSTED DIRECT CONTRIBUTION % $ % $ % $ % $120 Q Results Continued strong ICX wired and wireless sales Initial Dell EMC OEM sales Successful launch of Ruckus IoT suite Increased investment in R&D and Sales and Marketing $100 $80 $60 $40 $20 $0 $170M $172M $46M Q Q Q Enterprise Networks Adjusted Direct Contribution % 2018 Focus/Priorities Target 15%+ Adj. Direct Contribution Growth in key vertical markets Service Provider and Channel cross-selling ax launch and multi-gigabit switching CBRS trials and commercial deployments GAINING SHARE 9

10 Market and Industry Context Broadband Continuing Infrastructure investments 5G fixed wireless potential increasing competitive environment Distributed architecture slowly gaining momentum Video Lower U.S. video subscriber demand Strong International demand Content aggregation creating strong consumer value Enterprise Networking Networking growing in importance for all types of businesses Cloud and managed services WELL POSITIONED PRODUCT PORTFOLIO 10

11 Financial Highlights Dave Potts, Chief Financial Officer 11

12 Financial Highlights (PRELIMINARY AND UNAUDITED) Q Q Q Jun YTD 2017 Jun YTD 2018 Sales - GAAP - $M 1,664 1,578 1,727 3,147 3,304 Adjusted Sales - Non- GAAP 1 - $M 1,667 1,583 1,730 3,152 3,313 Gross Margin - GAAP - % 24.2% 30.2% 28.9% 23.5% 29.5% Adjusted Gross Margin 1 - % 24.6% 31.7% 29.2% 23.9% 30.4% Operating Expenses 2 - $M EPS - GAAP 0.16 (0.07) 0.19 (0.05) , , ,185 2,140 2,118 2,185 2,118 Weighted average ordinary shares - basic - M Weighted average ordinary shares - diluted - M Adjusted EPS - Non-GAAP 1 Cash, ST & LT Marketable Securities - $M Cash Provided by (used for) Operating Activities - $M Share Repurchases - $M3 Bank Debt at Face Value-$M See GAAP to Non-GAAP reconciliation and notes thereto Excludes integration, acquisition, restructuring, amortization of intangibles, and certain other costs 3 Includes repurchases of 0.6M shares for a total of $13.7M, which were cash settled in July

13 Guidance Q Full Year 2018 Sales - $M 1,680-1,730 6,850-7,000 Gross Margin 28.0% % 28.5% % OPEX (Including Equity Comp) ~$335M ~$1,340M Equity Comp ~$24M ~$90M Tax Rate 17% 17% Weighted Diluted Share Count 181M 183M EPS - GAAP $ $ 0.25 $ $ 0.83 Adjusted EPS - Non-GAAP 1 $ $ 0.70 $ $ 3.00 CPE Anticipate modestly lower sales in Q3 but increasing in Q4 with DOCSIS3.1 growth Expect lower Adjusted DOI% in Q3 and improvement in Q4 as price adjustments take effect along with lower opex N&C Sales growth in Q3 with variability in Q4 depending upon year end customer demand Expect lower Adjusted DOI% in second half reflecting higher hardware mix Enterprise Sales growth in both Q3 and Q4 Expect Adjusted DOI% to be 15%+ by year end 1) See GAAP to Non-GAAP Reconciliation (1) See GAAP to Non-GAAP Reconciliation 13

14 Share Repurchases Share Repurchases 2016 $178M 49% of Cash from operating activities 2017 $197M 37% of Cash from operating activities H $125M* 63% of Cash from operating activities 2018 YTD (Aug 1 st 2018) $175M At current share price levels the company plans to be more aggressive purchasing shares in the second half of the year Intend to allocate the majority of free cash flow to share repurchases for the remainder of the year Targeting minimum $400M in 2018 Estimate end of year diluted share count of approximately 177M shares $350M remaining on share repurchase authorization * Includes repurchases of 0.6M shares for a total of $13.7M, which were cash settled in July 2018 MEANINGFUL RETURN OF CAPITAL 14

15 Value Creation Drivers Addressable Market Growth International Expansion Margin and Earnings Growth Portfolio Expansion Strategic M&A and Capital Return Total Addressable Available Target 50% Increase with addition of Ruckus Customer and channel diversification 33% YoY increase 1H18 1H % of sales 1H18 Non-GAAP GM 30.4% vs. 23.9% 1H17 1H18 Non-GAAP net income increased 30% to 8.2% of sales DAA/Remote Phy deployments CBRS LTE trials D3.1 CPE Ruckus acquisition $175M shares repurchased YTD 8/1/2018 Component cost pressures 2018 target minimum $400M 15

16 Value Creation Roadmap $ $ Non-GAAP EPS* Organic Growth & CPE Improvement Share Repurchases & M&A Increased Future EPS *See reconciliation of GAAP to Non-GAAP measures. 16

17 Back Up 17

18 Sales $M (PRELIMINARY AND UNAUDITED) $2,000 $1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 $- SALES BY SEGMENT $M (1) $511 $557 $46 $172 $170 $596 $549 $538 $1,156 $1,175 $1,090 $875 $1,008 Q Q Q Q Q % CUSTOMERS Q % Sales $2,000 Enterprise Networks Network & Cloud CPE DOMESTIC & INTERNATIONAL SALES $M TOTAL OF TWO CUSTOMERS GREATER THAN 10% $505 29% $1,500 $1,000 $543 $597 $599 $685 $733 $500 $1,121 $1,132 $1,140 $893 $994 $- Q Q Q Q Q Domestic International 1 Sales by Segment exclude fair value adjustments related to our warrant program and deferred revenue, which are captured at Corporate. 18

19 Sales and Gross Margin - $M (PRELIMINARY AND UNAUDITED) Q Q Q Jun YTD 2017 Jun YTD ,664 1,578 1,727 3,147 3,304 Fair Value of Warrants Adjustment Deferred Revenue Adjustment Adjusted Sales - Non- GAAP 1 1,667 1,583 1,730 3,152 3,313 Gross Margin - GAAP Fair Value of Inventory Adjustment Equity Compensation Fair Value of Warrants Adjustment Deferred Revenue Adjustment ,007 GAAP Gross Margin - % 24.2% 30.2% 28.9% 23.5% 29.5% Adjusted Gross Margin - Non-GAAP - % 24.6% 31.7% 29.2% 23.9% 30.4% Sales - GAAP Adjusted Gross Margin - Non-GAAP 1 1 See GAAP to Non-GAAP reconciliation and notes thereto 19

20 Q Sales, Direct Contribution and Adjusted Direct Contribution by Segment - $M (PRELIMINARY AND UNAUDITED) Net Sales Non GAAP Adjustments 1 Adjusted Net Sales Direct Contribution 2 3 Network & Cloud CPE Enterprise Corp/ Other Total ,008 1, (3) 3 (0) 1, , (147) 158 Adjusted Direct Contribution Adjusted Direct Contribution - % (83) % 7.8% 11.1% NM 11.8% Other Items Amortization of Intangibles Impairment of Goodwill Integration/Restructuring/Other Depreciation Equity Compensation See GAAP to Non-GAAP reconciliation and notes thereto (1) Acquisition accounting impact of deferred revenue (2) Defined as gross margin less direct operating expenses, excluding amortization of intangible assets, restructuring charges, acquisition, integration and other costs. (3) Defined as direct contribution less allocated facility costs, service provider sales and marketing costs plus equity compensation and depreciation. 20

21 Reconciliation from Direct Contribution to Adjusted Direct Contribution- $M (PRELIMINARY AND UNAUDITED) Direct Contribution Allocated Costs 1 Direct Contribution after Allocation Equity Compensation Depreciation Adjusted Direct Contribution (1) Allocated Network & Cloud CPE Enterprise Corp/ Other Total (147) (55) (92) 4 5 (83) 158 (1) Costs include facility, Service provider sales and marketing, and other costs 21

22 Cash From Operating Activities $M Net Income (Loss) Adjustments 1 Net Income Including Adjustments Change in Working Capital Cash Provided by (Used in) Operating Activities Change in Accounts Receivable (H)/L Change in Inventory (H)/L Change in Accounts Payable and Other Accrued Liabilities H/(L) (1) Q Q Q (17) (41) (33) (151) (104) 182 (24) (228) Non-Cash items included in Net Income (Loss) 22

23 Operating Expenses - $M (PRELIMINARY AND UNAUDITED) Qtr R&D SG&A Operating Expenses Integration, Acquisition, Restructuring & Other Costs Amortization of Intangibles Total Equity Compensation Expense Included Qtr Qtr Jun YTD 2017 Jun YTD 2018 $M % of Sales 8% 11% 10% 8% 10% $M % of Sales 7% 10% 10% 7% 10% $M % of Sales 15% 21% 20% 15% 20% $M % of Sales 1% 1% 1% 1% 1% $M % of Sales 5% 7% 5% 6% 6% $M % of Sales 21% 29% 26% 22% 28%

24 GAAP to Adjusted non-gaap EPS Guidance Reconciliation Estimated GAAP EPS Reconciling Items: Amortization of Intangibles Stock Compensation Expense Integration and Other Costs Purchase Accounting Items Impairment of Goodwill and Intangibles Net tax items Subtotal Estimated Adjusted Non-GAAP EPS Q Guidance Full Year 2018 Guidance $ $ 0.25 $ $ (0.19) 0.45 $ $ (0.72) 2.17 $ $

25 GAAP EPS/Adjusted EPS Reconciliation Q (PRELIMINARY AND UNAUDITED) Q Q Q JUN YTD 2017 JUN YTD 2018 Amount Per Diluted Share Amount Sales $1,664,170 $1,577,710 $1,726,540 $3,147,276 $3,304,250 Highlighted items: Reduction in revenue related to warrants 2,658 5,081 Acquisition accounting impacts of deferred revenue 5,694 3,307 9,002 Adjusted sales $1,666,828 $1,583,404 $1,729,847 $3,152,357 $3,313,252 Net income (loss) attributable to ARRIS International plc $ 30,336 $ 0.16 $ (13,600) $ (0.07) $ 35,754 $ 0.19 $ (8,762) $ (0.05) $ 22,154 $ 0.12 Highlighted Items: Impacting gross margin: Stock compensation expense 3, , , , , Reduction in revenue related to warrants 2, , Acquisition accounting impacts of deferred revenue 5, , , Acquisition accounting impacts of fair valuing inventory 16, , Impacting operating expenses: Integration, acquisition, restructuring and other costs 9, , , , , Amortization of intangible assets 91, , , , , Impairment on goodwill and intangible assets 3, , Stock compensation expense 18, , , , , Noncontrolling interest share of non-gaap adj (811) (2,321) (0.01) (892) (0.00) (1,615) (0.01) (3,213) (0.02) Impacting other (income)/expense: Impairment (gain) on investments 2, Debt amendment fees 2,782 2, Remeasurement of certain deferred tax liabilities 2, , (3,676) (0.02) 4, Impacting income tax expense: Net tax items (40,937) (0.22) (24,541) (0.13) (37,350) (0.20) (54,270) (0.28) (61,891) (0.33) Total highlighted items 89, , , , , Adjusted net income $ 119,882 $ 0.63 $ 136,919 $ 0.73 $ 133,975 $ 0.72 $ 197,996 $ 1.04 $ 270,894 $ 1.45 Weighted average ordinary shares - basic 186, , , , ,376 Weighted average ordinary shares - diluted 189, , , , ,288 Per Diluted Share Amount Per Diluted Share Amount Per Diluted Share Amount Per Diluted Share 25

26 Sales to Adjusted Sales and Net Income (Loss) to Adjusted EBITDA Reconciliation (PRELIMINARY AND UNAUDITED) Q Q Q Q Q Q Q Q Q Q Q Q Q Sales $ 1,260 $ 1,221 $ 1,102 $ 1,615 $ 1,730 $ 1,725 $ 1,759 $ 1,483 $ 1,664 $ 1,729 $ 1,739 $ 1,578 $ 1,727 Highlighted items: Reduction in revenue related to warrants (8) - - Acquisition accounting impacts of deferred revenue Adjusted sales 1,260 1,221 1,102 1,615 1,734 1,735 1,775 1,486 1,667 1,732 1,732 1,583 1,730 Trailing Twelve Months Adjusted Sales $ 5,198 $ 5,672 $ 6,185 $ 6,859 $ 6,730 $ 6,663 $ 6,659 $ 6,616 $ 6,713 $ 6,776 Net income (loss) as reported $ 15 $ 23 $ 27 $ (205) $ 82 $ 46 $ 86 $ (41) $ 28 $ 87 $ (8) $ (17) $ 35 Income tax expense (benefit) (7) 86 (69) 9 (11) 10 (8) (14) (32) 3 (10) Interest income (1) (1) (1) (1) (1) (1) (2) (2) (2) (2) (2) (2) (2) Interest expense Depreciation expense Amortization of intangible assets EBITDA Adjustments Stock-based compensation expense Integration, acquisition, restructuring and other costs Impairment on goodwill and intangible assets Reduction in revenue related to warrants Acquisition accounting impacts of deferred revenue (7) 6 3 Acquisition accounting impacts of fair valuing inventory Impairment (gain) on investments 0 - (0) (2) Credit facility - ticking fees (0) FX contract losses related to acquisition (7) (16) Adjustment to liability related to foreign tax credit - (4) Remeasurement of deferred taxes (4) Adjusted EBITDA - Non-GAAP $ 152 $ 160 $ 148 $ 159 $ 248 $ 227 $ 245 $ 139 $ 192 $ 239 $ 248 $ 208 $ 204 Trailing Twelve Months Adjusted EBITDA $ 619 $ 715 $ 782 $ 879 $ 859 $ 803 $ 815 $ 818 $ 886 $

27 Notes to GAAP/Adjusted Non-GAAP Financial Measures (PRELIMINARY AND UNAUDITED) The Company reports its financial results in accordance with accounting principles generally accepted in the United States ( GAAP or referred to herein as reported ). However, management believes that certain non-gaap financial measures provide management and other users with additional meaningful financial information that should be considered when assessing our ongoing performance. Our management regularly uses our supplemental non-gaap financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-gaap measures are among the factors management uses in planning for and forecasting future periods. Non-GAAP financial measures should be viewed in addition to, and not as an alternative to, the Company s reported results prepared in accordance with GAAP. Our non- GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects: Reduction in Revenue Related to Warrants: We entered into agreements with two customers for the issuance of warrants to purchase up to 14.0 million of ARRIS s ordinary shares. Vesting of the warrants is subject to certain purchase volume commitments, and therefore the accounting guidance requires that we record any change in the fair value of warrants as a reduction in revenue. Until final vesting, changes in the fair value of the warrants will be marked to market and any adjustment recorded in revenue. We have excluded the effect of the implied fair value in calculating our non-gaap financial measures. We believe it is useful to understand the effects of these items on our total revenues and gross margin. Acquisition Accounting Impacts Related to Deferred Revenue: In connection with the accounting related to our acquisitions, business combination rules require us to account for the fair values of deferred revenue arrangements for post contract support in our purchase accounting. The non-gaap adjustment to our sales and cost of sales is intended to include the full amounts of such revenues as if these purchase accounting adjustments had not been applied. We believe the adjustment to these revenues is useful as a measure of the ongoing performance of our business. We historically have experienced high renewal rates related to our support agreements, and our objective is to increase the renewal rates on acquired post contract support agreements. However, we cannot be certain that our customers will renew their contracts. Stock-Based Compensation Expense: We have excluded the effect of stock-based compensation expenses in calculating our non-gaap operating expenses and net income (loss) measures. Although stock-based compensation is a key incentive offered to our employees, we continue to evaluate our business performance excluding stock-based compensation expenses. We record non-cash compensation expense related to grants of restricted stock units. Depending upon the size, timing and the terms of the grants, the non-cash compensation expense may vary significantly but will recur in future periods. Acquisition Accounting Impacts Related to Inventory Valuation: In connection with the accounting related to our acquisitions, business combinations rules require the acquired inventory be recorded at fair value on the opening balance sheet. This is different from historical cost. Essentially, we are required to write the inventory up to the end customer price less a reasonable margin as a distributor. We have excluded the resulting adjustments in inventory and cost of goods sold as the historic and forward gross margin trends will differ as a result of the adjustments. We believe it is useful to understand the effects of this on cost of goods sold and margin. Integration, Acquisition, Restructuring and Other Costs: We have excluded the effect of acquisition, integration, and other expenses and the effect of restructuring expenses in calculating our non-gaap operating expenses and net income measures. We incurred expenses in connection with the ActiveVideo, Motorola Home, Pace and Ruckus Networks acquisitions, which we generally would not otherwise incur in the periods presented as part of our continuing operations. Acquisition and integration expenses consist of transaction costs, costs for transitional employees, other acquired employee related costs, and integration related outside services. Restructuring expenses consist of employee severance, abandoned facilities, product line disposition and other exit costs. We believe it is useful to understand the effects of these items on our total operating expenses. 27

28 Notes to GAAP/Adjusted Non-GAAP Financial Measures (PRELIMINARY AND UNAUDITED) Impairment of Goodwill and Intangible Assets: We have excluded the effect of the estimated impairment of goodwill and intangible assets in calculating our non-gaap operating expenses and net income measures. Although an impairment does not directly impact the Company s current cash position, such expense represents the declining value of the business, technology and other intangible assets that were acquired. We exclude these impairments when significant and they are not reflective of ongoing business and operating results. Amortization of Intangible Assets: We have excluded the effect of amortization of intangible assets in calculating our non-gaap operating expenses and net income (loss) measures. Amortization of intangible assets is non-cash, and is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to our revenues earned during the periods presented and will contribute to our future period revenues as well. Amortization of intangible assets will recur in future periods. Noncontrolling Interest share of Non-GAAP Adjustments: The joint venture formed for the ActiveVideo acquisition is accounted for by ARRIS under the consolidation method. As a result, the consolidated Statements of Income include the revenues, expenses, and gains and losses of the noncontrolling interest. The amount of net income (loss) related to the noncontrolling interest are reported and presented separately in the consolidated Statements of Income. We have excluded the noncontrolling share of any non- GAAP adjusted measures recorded by the venture, as we believe it is useful to understand the effect of excluding this item when evaluating our ongoing performance. Impairment (Gain) on Investments: We have excluded the effect of other-than-temporary impairments and certain gains on investments in calculating our non-gaap financial measures. We believe it is useful to understand the effect of this non-cash item in our other expense (income). Debt Amendment Fees: In 2017 and 2015, the Company amended its credit agreement. This debt modification allowed us to improve the terms and conditions of the credit agreement, extend the maturities of certain loan facilities, increase the amount of the revolving credit facility, and add new term loan facility. We have excluded the effect of the associated fees in calculating our non-gaap financial measures. We believe it is useful to understand the effect of this item in our other expense (income). Remeasurement of Deferred Taxes: The Company records foreign currency remeasurement gains and losses related to deferred tax liabilities in the United Kingdom. The foreign currency remeasurement gains and losses derived from the remeasurement of the deferred income taxes from GBP to USD. We have excluded the impact of these gains and losses in the calculation of our non-gaap measures. We believe it is useful to understand the effects of this item on our total other expense (income). Income Tax Expense (Benefit): We have excluded the tax effect of the non-gaap items mentioned above. Additionally, we have excluded the effects of certain tax adjustments related to tax and legal restructuring, state and non-us valuation allowances, benefits for releases of uncertain tax positions due to settlement, change in law or statute of limitations and provision to return differences. 28