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BQ24078: Power dissipation equation

Part Number: BQ24078
Other Parts Discussed in Thread: BQ24076, BQ24070

Equation on page 33 of data sheet is:

P = [V(IN) – V(OUT)] × I(OUT) + [V(OUT) – V(BAT)] × I(BAT)

I think it should be this:
P = [V(IN) – V(OUT)] × I(OUT) + [V(IN) – V(BAT)] × I(BAT)
Current to the battery comes from Vin not Vout.