Company Presentation

March 2017 Disclaimer

• This presentation includes certain financial measures not presented in accordance with U.S. generally accepted accounting principles (“GAAP”), including, but not limited to, EBITDA, Adjusted EBITDA, Free Cash Flow, Adjusted Free Cash Flow, and constant currency, and certain ratios and other metrics derived therefrom. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. • Therefore, these measures should not be considered in isolation or as an alternative to cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s presentation of these measures may not be comparable to similarly-titled measures used by other companies. Reconciliations of all non-GAAP financial measures are available in this presentation.

Peter Altabef President and Chief Executive Officer

Courtney Holben VP, Investor Relations

I. Business Overview 5

II. Financial Overview 16

• Enhancing peoples’ lives through digital security • Security in everything we do • Software/IP/Domain Knowledge-led solutions • Vertical industry integrated solutions • Best-in-class capabilities with a global footprint

>300 government More than 100 of the >100 million air cargo agencies worldwide Fortune Global 500 companies transactions per month

Over half of the top 50 18 of the top 25 7 out of the top 10 Life Science firms global banks and global airlines 9 of the world’s top insurance companies

2016 Revenue Financial 23% Profile Cloud & U.S. & U.S. & Infrastructure Canada Canada Services 48% 48% 48% Recurring Enterprise Services Commercial Solutions 66% 80% 33% Services 85% Application EMEA Services 30% International 29% Public Sector 24% Non-Recurring 52% Services 19% BPO 7% Asia Pacific 14% U.S. Federal U.S. Federal Technology Technology Technology 20% 20% 15% 15% Latin America 9% 15%

Segment Segment Detail Geography Regional Detail Sector Sector Detail Revenue Type

Services (85% of total revenue)

Cloud & Infrastructure Services (CIS) Application Services (AS) Business Process Outsourcing (BPO)

48% of total revenue 30% of total revenue 7% of total revenue

• End user and workspace services • Software application development and • Industry-specific business (32% of total revenue) integration services process outsourcing services - Provides help desk and workplace support - Provides full lifecycle of application - Check processing for a services services, including advisory, group of large U.K. banks implementation and management • Data center & infrastructure management Mortgage origination in services - (16% of total revenue) Australia - Provides cloud migration and related advisory services

Technology (15% of total revenue)

Application Software Server systems and operating system software Innovative software-based security solution Proprietary, vertical-specific applications • Main driver of historical Technology revenue • Conceals and protects endpoints from • Air Core® • LineSight® unauthorized parties • New software-only architecture • Logistics • Active Insights™ • Protects sensitive data from potential Management • Elevate by compromise via microsegmentation and System™ Unisys™ data encryption Note: Revenue is FY 2016 • Digital Investigator™

Government Commercial Financial Services

Justice, Law Enforcement Travel and Transportation Retail Banking & Border Security Life Sciences & Healthcare Commercial Banking Industries Social Services Solutions Manufacturing Mortgage/Lending

Digital Government Solutions Retail Insurance

• Digital Investigator™ • AirCoreTM • Elevate™ by Unisys • LineSight® • Logistics Management • Core Banking Solutions - System™ CSF, URBIS, and SFB • Unisys FamilyNow™ • Active Insights™ - • Mortgage Processing – UFSS™ Solutions • ENFORCE™ Integrated Medical Device • Unisys Appointment Manager™ • AMANDA™ Management • Active Insights™ - RxTrak

2014 2020 CAGR Client Needs Key Unisys Solutions

• Digital Transformation • Stealth by Unisys® Overall IT $3.56T1 $3.752T 2% • Security First • ClearPath Forward Systems™ • Smarter Analytics • InfoImage™

• Passenger • AirCore™ Travel & ✓ $130B1 $151B 3.7% • Cargo • Logistic Solutions™ Transportation • Airports • Airport Operations™

• Multichannel Banking • Elevate by Unisys™ Commercial & • Security & Risk $50B2 $68B 6.4% • USFF™ ✓ Mitigation Retail Banking • Core Banking™ • Core Banking in Cloud Justice, Law • Border Protection • Digital Investigator™ Enforcement ✓ $24B2 $49B 5.6% • Law Enforcement • LineSight™ and Border • Immigration • Jail Management Systems Security • Personalized Medicine • Integrated, Secure Life Sciences & • Active Insights™ ✓ $15B2 $24B 10.7% Patient Info • RXTrak™ Healthcare • Decentralized Clinical Locations

Revenue from Unisys’ focus industries comprised 42% of 2016 revenue and saw growth of (0.6)% year over year, or 2.6% on a constant-currency basis.

1 Gartner Group 2 Everest Group

Strategy & Cyber Resilience Transformation

Secure Mobile Business Processes Cloud Management Core Mobile

Analytics Aware Identity End User Services Application Security

Managed Security Cloud Infrastructure Services

Advanced Integrated Border Analytics

Social Media Analysis Passenger Check Points Multi-modal Biometrics

Tag & Cargo Scanning Intel Community Facial Recognition 470 61 9,435lbs 1M 72K Refusals of Arrests at Illegal Drug Passengers and Truck, Rail and Entry Port of Entry Seizures Pedestrians Sea Containers per Day per Day Scanned per Day Scanned per Day

Solution • Stitching together data from 30 different systems and applications • More than 1.3 billion transactions • Running an average of 700,000 data queries per day

Revenue Non-GAAP Operating Profit and Margins* ($ in millions) ($ in millions) Non-GAAP Operating Profit % Margin

$229 $3,356 $217 $3,015 $2,821 $176

7.7% 6.8% 5.8%

2014 2015 2016 2014 2015 2016 Growth (2%) (2%) (4%) in CC: Adjusted EBITDA and Margins** Adjusted FCF*** ($ in millions) Adj. EBITDA % Adj. EBITDA Margin ($ in millions)

$408 $278 $381

$346

$92 13.5% 12.1% 11.5%

2014 2015 2016 2014 2015 2016 See Schedule *A, **B and ***C: ($6) GAAP to non-GAAP Reconciliation

Revenue ($M) Operating Profit Diluted Earnings Operating Adjusted Free GAAP Margin (%) per Share Cash Flow ($M) Cash Flow ($M) GAAP and Non-GAAP* GAAP and Non-GAAP** GAAP Non-GAAP*** Non-GAAP $278

Non-GAAP 7.7% $218 $3,015 GAAP $2,821 Non-GAAP 5.8% Non-GAAP $2.26 Non-GAAP $2.03

1.7% $1 GAAP GAAP

2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 (1.8)% $(0.95) Non-GAAP GAAP GAAP $(6)

$(2.20) GAAP See Schedule *A, **D and ***C: GAAP to non-GAAP Reconciliation

• Achieved full-year guidance on Revenue and non-GAAP Operating Profit Margin and exceeded on Adjusted Free Cash Flow. • Achieved $205M of annualized run-rate savings exiting 2016. Still targeting $230M annualized run-rate savings exiting 2017.

• Ongoing mix shift to higher value-added Services Product 1 Mix Shift • Focus on driving TCV and Services growth • Strong momentum in Application Services and Technology sales

Vertical • Driving domain and industry vertical orientation Approach • Targeting verticals with the highest growth profile

Sales • Re-aligning sales force with a focus on cross-selling into existing client base and leading with Security solutions

Investments • Targeting investments in IP and software

1 TCV is the estimated total contractual revenue related to signed contracts including option years and without regard for cancellation © 2017 Unisys Corporation. All rights reserved. 16 Improving Trends in Key Revenue Drivers

TCV1 New Business TCV1 up 13% 2016 up 17% 2016 vs. 2015 vs. 2015 ($B) $4.1 $4.1 $3.9 $3.8 Non-US Federal New Business Win pipeline up 12% Rates2 up sequentially vs. comparable period on a quarterly basis last year throughout 2016 Focus Industry Pipeline up ~20% vs. comparable period last year

1Q16 2Q16 3Q164Q16 Revenue from Unisys’ focus industries comprised 42% of 2016 revenue and saw growth of (0.6)% year over year, or 2.6% on a Services backlog constant-currency basis.

In April 2015, Unisys announced a plan to create a more competitive cost structure and rebalance the global skill set

Original plan to achieve $200M of annualized cost savings exiting YE2016 • 2017E Additional Cost Reduction • Anticipated pre-tax charges of $300M through 2017 $25M $25M in Plan Overview – Majority of anticipated charges in 2017 related to severance payments in 2017 Europe 2016 $105M • Successfully generated $205M in annualized cost savings through $205M YE2016 achieved – Principally related to employee reductions in the U.S. and Europe vs. $200M • Pre-tax charges through YE2016 of $201M, below guidance Progress To planned Date – Pre-tax charges comprise of 47% from cost of revenue, 46% from 2015 SG&A expense, and 7% from R&D expense $100M • $133M cash spent on cost reduction initiatives

Cost Savings Progress Non-GAAP Operating Profit* % Adjusted Free Cash Flow**

7.7% 5.8% Non-GAAP $278 Adj. FCF up $284M operating profit YoY margin up 190 bps

2015 2016 2015 2016 See Schedule *A and **C: ($6) GAAP to non-GAAP Reconciliation

($B) December 31, 2015 December 31, 2016 Assets $8.22 $8.05 PBO

Deficit $6.26 $5.88

($1.96) ($2.17)

In accordance with U.S. GAAP, discount rates are set annually at December 31.

($M) U.S. Defined Benefit Plan All Other Plans

$313 $295 $280 $64 $266 $54 $54 $235 $224 $54 $54 $183 $65 $163 $148 $150 $132 $128 $34 $104 $249 $241 $64 $226 $89 $212 $80 $74 $181 $159 $129 $80 $86 $59 $52 $54 $20 $19 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

The funding estimates for our U.S. qualified defined benefit pension plan are based on current estimated asset returns and the funding discount rates used for the U.S. qualified defined benefit plan which have been updated to reflect the year end 2016 discount rates and projected discount rates based on current legislation. The future funding requirements are likely to change based on, among other items, market conditions and changes in discount rates. Current estimates for future contributions to international plans are based on local funding regulations and agreements and are likely to change in 2018 and beyond based on a number of factors including market conditions, changes in funding agreements, changes in discount rates and changes in currency rates.

Compensation plans Executive Compensation aligned with overall strategy to incentivize associates properly • 2016 incentive goals align with financial guidance range and operating plan • Vertical leaders’ compensation based Goal-Setting • Profitability and free cash flow goals increase incrementally on growth of verticals year-over-year • Sales and Client Executives compensated based on pricing discipline and 2015 2016 gross margin Mix of Performance- Performance- Performance- Based LTI Based LTI • Services organization Based LTI measured against improvements in profitability Three-year performance Goals Drives retention and LTI period, with performance increase motivates performance Performance measured separately for incrementally over entire three-year Period each year each year period

• Vertical go-to-market strategy expected to improve top-line performance Stabilize and over time Grow Revenue • Improving sales trends indicate forward momentum

• Improving Services Operating Profit Margin • Cost-cutting program established with $205M of annualized cost reductions realized exiting 2016 Improve Profitability • Enhanced cost structure expected to increase competitiveness with respect to pricing dynamics • Shift mix to more profitable services

Drive Enhanced • Reduce capital intensity of business by transitioning to more asset-lite Cash Flow model

Manage Pension • Optimize capital resources to meet ongoing pension requirements Obligations

• Revenue: $2.65B-2.75B – 1-5% Y/Y decline in constant currency

• Non-GAAP Operating Profit Margin: 7.25-8.25%

• Adjusted Free Cash Flow: $130M-170M

2016 Challenger in Gartner’s Magic Quadrant 2016 Leader in the “Management Focus” 2016 Market Challenger in Ovum Decision for North American Data Center Outsourcing Market Segment in NelsonHall NEAT Matrix: Selecting a Managed Security Services and Infrastructure Utility Services Assessment on Cloud Migration and Provider Management 2017 Challenger in Gartner’s Magic Quadrant for Managed Workplace Services

2016 Leader in IDC MarketScape: U.S. 2016 Major Contender in Everest Group’s 2016 Execution Powerhouse in HfS Blueprint Systems Integrators Serving the Federal PEAK Matrix for Workplace Services Report for Mortgage as a Service Government

Frost & Sullivan 2015 Retail 2015 New Product Banking Security Innovation Award Innovation of the ------Year Award Encrypted Network ------Security Behavior Biometrics

2015 Azure Innovation 2015 Excellence in 2015 Dell Best Region Stealth Stealth Partner of the Year Performance (LACR) Partner CRN Top 25 Global Healthcare Provider (AP)

“The company has a clear vision for “Unisys’ significant footprint in providing “In its strongest sectors, Unisys is at the competing in the digital era by embedding infrastructure services makes it a logical cutting edge of the market with the security across its portfolio, taking a partner as clients look to begin leveraging development of its data product libraries. It consulting led approach and having a cloud environments; this is particularly true in also has the advantage that it has earned targeted vertical focus.” the public sector and U.S. Federal space.” customer trust.” (IDC, 2016) (Nelson Hall, 2016) (451 Research, 2016)

Services (85% of total revenue)

Cloud & Infrastructure Services (CIS) Application Services (AS) Business Process Outsourcing (BPO)

48% of total revenue 30% of total revenue 7% of total revenue • End user and workspace services • Key competitors: Accenture, Atos, CapGemini, • Key competitors: Cognizant, FIS, (32% of total revenue) CGI, Cognizant, CSC, CSRA, Deloitte, E&Y, Infosys, Sutherland Global, Syntel, IBM, Infosys, Janeiro Digital, KPMG, Leidos, TCS, Tech Mahindra, Wipro, WNS Key competitors: Atos, Cognizant, - Mindtree, TCS, Wipro Compucom, Dell/EMC, HCL, HPE, CSC, IBM, Pomeroy, Stefanini, TCS, Wipro • Data center & infrastructure management (16% of total revenue) - Key competitors: Atos, Booz Allen, CACI, Capgemini, Cognizant, CSC, CSRA, Dell, HCL, IBM, Infosys, Leidos, TCS, Wipro

Technology (15% of total revenue)

Application Software Server systems and operating system software Innovative software-based security solution Proprietary, vertical-specific applications • Key competitors: IBM, Oracle, SAP • Key competitors: Cisco, Illumio, vArmor • Key competitors: Various depending on Vidder, VMWare solution

Note: Revenue is FY 2016

Typical Contract Durations Large Contractual Backlog

• 3-7 year contracts for end user support • $3.9 billion of Services backlog services as of YE2016 Cloud & • 18-60 month contracts for systems Infrastructure • 66% of 2016 revenue from Services integration services recurring, multi-year outsourcing • 6-18 month contracts for project-based and managed services contracts advisory services Recurring • 6-24 month contracts for project-based Services • Recurring services include Application engagements 66% managed cloud and infrastructure Services services (40%), a portion of application services (19%) and BPO (7%) Business • 3-7 year contracts based on transaction Process volume Non- • Approximately $1.7 billion Outsourcing Recurring (43%) of 2016 backlog is Services 19% expected to be filled in 2017 • 3-5 year contracts 1 Technology Technology 15%

Revenue Type YE2016 Over 95% contract renewal rate for 2016 based on number of contracts

1 15% represents initial technology sales; resulting maintenance contracts included in recurring services

Cloud & Infrastructure Services Revenue Key Highlights / Commentary ($ in millions) Cloud & Infrastructure Services $1,705 $1,513 • Declines due to select large scale contracts $1,353 • Continue to rationalize the business, expand margin and capitalize on verticalized approach Application Services 2014 2015 2016 • Continued momentum in win rates from our verticalized approach - key Growth differentiator vs Indian based firms (2%) (4%) (9%) in CC: • Lever the success of US Federal across our other businesses Application Services Revenue Business Process Outsourcing ($ in millions) • Recent declines associated with our check processing business for Financial Services $820 $869 $859 • Increasing digital opportunities should help stabilize the business • Diversifying the business beyond check processing and Financial Services; recent example includes the Philippines Statistics Authority Services Gross Margin 2014 2015 2016 • Top line impact led to ‘15 decline Growth • Key restructuring initiatives in ’15 and ’16 led to solid gains in ’16 margin (0%) 15% 2% in CC: % which are anticipated to continue Business Process Outsourcing Revenue Services Gross Profit and Margins ($ in millions) ($ in millions) Gross Profit % Margin $485 $261 $224 $412 $390 $194 17.4% 15.8% 16.2%

Technology Revenue1 Key Highlights / Commentary ($ in millions) Technology Revenue $571 • Disciplined approach away from lower margin 3rd party products • Large lumpy contracts can skew trend line $410 $414 Technology Gross Margin • Increasing stabilization of ClearPath Forward • Reduction in lower margin products and increasing higher margin software contribution from Stealth

2014 2015 2016 Growth (6%) (22%) 2% in CC:

Technology Gross Profit and Margins 2016 Segment Contribution ($ in millions) Revenue Gross Profit Gross Profit % Margin $348 15% $262 $254 39% 59.9% 55.3% 55.3% 61% 85%

Services Technology 2014 2015 2016 Source: Company information

($M) Unisys Net Future Available Description Deferred Tax Reductions in Assets(1) Taxable Income U.S. NOLs and Tax Net Operating Loss – Federal & State $656 $1,302 Credits Tax Credits 408 1,166 Pension 631 1,657 Pension and Other Other Deferred Tax Assets 152 400 Total available U.S. $1,847 $4,525 Non-U.S. Foreign Tax Net Operating Loss – Non-U.S. $234 $924 Attributes Pension and other – Non-U.S. 143 650 Total available non-U.S. $377 $1,574 Total available $2,224 $6,099 Valuation Allowance (1) (2,084) Total Net Deferred Tax Asset (1) $140

Note: As of Dec. 31, 2016 (1) The elements listed above are for informational purposes only and are based on expectations and assumptions defined in the Form 10-K filed for December 31, 2016. See Critical Accounting Policies – Income Taxes for the assessment of the realization of company’s deferred tax assets and liabilities and Footnote 7 in 2015 Form 10-K.

Net Deferred Tax Assets represent the tax effected difference between the book and tax basis of assets and liabilities. Deferred tax assets represent future deductions against taxable income or a credit against a future income tax liability. Deferred tax liabilities represent taxable amounts in future years when the related asset or liability is recovered.

Valuation Allowance - US GAAP requires net deferred tax assets be reduced by a valuation allowance if it is more likely than not that some portion or the entire deferred tax asset will not be realized. The factors used to assess the likelihood of realization are the company’s historical profitability, forecast of future taxable income and available tax-planning strategies that could be implemented to realize the net deferred tax assets. The company considers tax-planning strategies to realize or renew net deferred tax assets to avoid the potential loss of future tax benefits.

Worldwide P&L Impact ($M) 2016 2017E Total Pension Expense* $82.7 $98.0 U.S. Qualified Defined Benefit Pension Plan Expected Return on Assets 6.80% 6.80% Actual Return 7.32% U.S. GAAP Discount Rate at 12/31/15 at 12/31/16 4.56% 4.38% International Qualified Defined Benefit Pension Plans Expected Return on Assets 5.99% 5.30% Weighted Average GAAP Discount Rate at 12/31/15 at 12/31/16 3.30% 2.34%

*All estimates are based on expected asset returns and discount rate assumptions as calculated at December 31, 2016.

Although appropriate under generally accepted accounting principles (GAAP), the company’s results reflect charges that the company believes are not indicative of its ongoing operations and that can make its profitability and liquidity results difficult to compare to prior periods, anticipated future periods, or to its competitors’ results. These items consist of pension and cost-reduction and other expense. Management believes each of these items can distort the visibility of trends associated with the company’s ongoing performance. Management also believes that the evaluation of the company’s financial performance can be enhanced by use of supplemental presentation of its results that exclude the impact of these items in order to enhance consistency and comparativeness with prior or future period results. The following measures are often provided and utilized by the company’s management, analysts, and investors to enhance comparability of year-over-year results, as well as to compare results to other companies in our industry. Total Contract Value – TCV is the estimated total contractual revenue related to signed contracts including option years and without regard for cancellation. Constant currency – The company refers to growth rates in constant currency or on a constant currency basis so that the business results can be viewed without the impact of fluctuations in foreign currency exchange rates to facilitate comparisons of the company’s business performance from one period to another. Constant currency is calculated by retranslating current and prior period results at a consistent rate. Non-GAAP operating profit – The company recorded pretax pension expense and pretax charges in connection with cost-reduction activities and other expenses. For the company, non-GAAP operating profit excluded these items. The company believes that this profitability measure is more indicative of the company’s operating results and aligns those results to the company’s external guidance which is used by the company’s management to allocate resources and may be used by analysts and investors to gauge the company’s ongoing performance. Non-GAAP diluted earnings per share – The company has recorded pension expense and charges in connection with cost-reduction activities and other expenses. Management believes that investors may have a better understanding of the company’s performance and return to shareholders by excluding these charges from the GAAP diluted earnings/loss per share calculations. The tax amounts presented for these items for the calculation of non-GAAP diluted earnings per share include the current and deferred tax expense and benefits recognized under GAAP for these amounts. Free cash flow – The company defines free cash flow as cash flow from operations less capital expenditures. Management believes this liquidity measure gives investors an additional perspective on cash flow from on-going operating activities in excess of amounts required for reinvestment. Adjusted free cash flow – Because inclusion of the company’s pension contributions and cost-reduction payments in free cash flow may distort the visibility of the company’s ability to generate cash flow from its operations without the impact of these non-operational costs, management believes that investors may be interested in adjusted free cash flow, which provides free cash flow before these payments and is more indicative of its on-going operations. This liquidity measure was provided to analysts and investors in the form of external guidance and is used by management to measure operating liquidity. EBITDA & adjusted EBITDA – For the company, earnings before interest, taxes, depreciation and amortization (EBITDA) is calculated by starting with net income (loss) attributable to Unisys Corporation common shareholders and adding or subtracting the following items: net income attributable to noncontrolling interests, interest expense (net of interest income), provision for income taxes, depreciation and amortization. Adjusted EBITDA further excludes pension expense, cost-reduction and other expenses, non-cash share-based expense, and adjusted other (income) expense. In order to provide investors with additional understanding of the company's operating results, these charges are excluded from the adjusted EBITDA calculation. The company has also provided external guidance to investors and analysts that it thinks will aid any interested party in understanding and measuring the company’s ongoing operations and profitability.

$M 2014 2015 2016 Operating profit (loss) $154.9 $(55.1) $47.6 Cost-reduction charges and other expense 0.0 122.5 86.4

Pension expense 73.8 108.7 82.7

Non-GAAP operating profit (loss) $228.7 $176.1 $216.7 Customer revenue $3,356.4 $3,015.1 $2,820.7

GAAP operating profit (loss) % 4.6% (1.8)% 1.7%

Non-GAAP operating profit (loss) % 6.8% 5.8% 7.7%

Earnings Before Interest, Taxes, Depreciation and Amortization $M 2014 2015 2016 Net income (loss) attributable to Unisys $44.0 $(109.9) $(47.7) Net income (loss) attributable to noncontrolling interests 12.6 6.7 11.0 Interest expense, net of interest income of $13.6, $11.2, $9.2, (4.4) 2.7 16.2 respectively* Income tax provision 86.2 44.4 57.2 Depreciation (1) 110.1 113.2 90.8 Amortization 58.5 66.9 64.8 EBITDA $307.0 $124.0 $192.3 Pension expense 73.8 108.7 82.7 Cost-reduction and other expense**(1) 0.0 102.6 89.2 Non-cash share-based expense 10.4 9.4 9.5 Preferred stock dividend 2.7 0.0 0.0 Other (income) expense adjustment*** 13.8 1.0 6.9 Adjusted EBITDA(1) $407.7 $345.7 $380.6

* Included in Other (income) expense, net on the Consolidated Statements of Income ** Adjusted to exclude duplication of D&A *** Other (income) expense, net as reported on the Consolidated Statements of Income less interest income for the years ended December 31, 2016, 2015 and 2014. Also includes adjustment for the loss on debt extinguishment of $4.0 million for year ended December 31, 2016 1: In connection with our previously announced cost reduction and other expense, we recognized $122.5 million of pretax charges (which includes $19.9 million of asset write-offs which are reflected in Depreciation & Amortization) impacting Adjusted EBITDA by $102.6 million for the year ended December 31, 2015. The 2016 cost reduction and other expense is $90.4 million of pretax charges (which includes $1.2 million of asset writeoffs which are reflected in Depreciation & Amortization and includes loss on debt extinguishment of $4.0M reducing the Other (income) expense adjustment) impacting Adjusted EBITDA by $89.2 million for the year ended December 31, 2016. There were no cost reduction and other expense impact for the year ended December 31, 2014.

$M 2014 2015 2016 Cash provided by (used for) operations $121.4 $1.2 $218.2 Capital expenditures (212.8) (213.7) (147.1) Free cash flow $(91.4) $(212.5) $71.1 Pension funding 183.4 148.3 132.5 Cost-reduction funding 0.0 58.5 74.0 Adjusted free cash flow $92.0 $(5.7) $277.6

$M except share and per share data 2015 2016 Net income (loss) attributable to Unisys Corporation common shareholders $(109.9) $(47.7) Cost-reduction and other expense: Pretax 122.5 90.4 tax provision (benefit) (6.0) (4.0) net of tax 116.5 86.4 Pension expense: pretax 108.7 82.7 tax provision (benefit) (2.1) 1.5 net of tax 106.6 84.2 Non-GAAP net income (loss) attributable to Unisys Corporation common shareholders $113.2 $122.9 Add interest expense on convertible notes 0.0 14.5 Non-GAAP net income (loss) attributable to Unisys Corporation for diluted earnings per share $113.2 $137.4 Weighted average shares (thousands) 49,905 50,060 Plus incremental shares from assumed conversion of employee stock plans & convertible notes 150 17,461 GAAP adjusted weighted average shares 50,055 67,523 Diluted earnings (loss) per share GAAP basis GAAP net income (loss) attributable to Unisys Corporation for diluted earnings per share $(109.9) $(47.7) Divided by adjusted weighted average shares 49,905 50,060 GAAP earnings (loss) per diluted share $(2.20) $(0.95) Non-GAAP basis Non-GAAP net income (loss) attributable to Unisys Corporation for diluted earnings per share $113.2 $137.4 Divided by non-GAAP adjusted weighted average shares 50,055 67,523 Non-GAAP earnings (loss) per diluted share $2.26 $2.03