| |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME IN MILLIONS, EXCEPT PER-SHARE DATA
| Year Ended December 31 |
| |
2002 |
2001 |
2000 |
| Net Sales |
$ 4,754.9 |
$ 5,297.8 |
$ 5,764.3 |
| Cost of sales |
3,887.4 |
4,387.3 |
4,665.5 |
| Gross Profit |
867.5 |
910.5 |
1098.8 |
| Selling and administrative expenses |
533.7 |
567.7 |
597.8 |
| Restructuring and impairment charges |
88.9 |
195.5 |
-- |
| Earnings from operations |
244.9 |
147.3 |
501.0 |
| Other income (expense): |
|
|
|
| Interest expense |
(62.8) |
(71.2) |
(89.6) |
| Gain on sale of businesses and investments |
6.3 |
6.6 |
-- |
| Investment write-downs |
-- |
(18.5) |
-- |
| Other, net |
(12.7) |
10.7 |
22.6 |
| Earnings before income taxes |
175.7 |
74.9 |
434.0 |
| Provision for income taxes |
33.5 |
49.9 |
167.1 |
| Net Income |
$ 142.2 |
$ 25.0 |
$ 266.9 |
| |
|
|
|
| Net Income per Share of Common Stock |
|
|
|
| Basic |
$ 1.26 |
$ 0.21 |
$ 2.18 |
| Diluted |
1.24 |
0.21 |
2.17 |
|
|