 |
|
|
|
|
|
|
|
(dollars in millions, except per share amounts)
|
|
|
|
|
|
|
|
Year Ended December 31
|
|
2000
|
|
1999
|
|
1998
|
|
|
|
|
|
|
|
|
Sales:
|
$
|
4,363.8
|
$
|
4,319.8
|
$
|
4,259.2
|
|
Operating costs and expenses:
|
|
|
|
|
|
|
|
Cost of sales
|
|
3,118.5
|
|
3,097.2
|
|
3,100.2
|
|
Selling and administrative costs
|
|
607.9
|
|
620.0
|
|
599.1
|
|
Merger-related and consolidation costs
|
|
45.6
|
|
232.1
|
|
10.5
|
|
|
|
|
|
|
|
|
|
3,772.0
|
|
3,949.3
|
|
3,709.8
|
|
|
|
|
|
|
|
|
Operating Income
|
|
591.8
|
|
370.5
|
|
549.4
|
|
Interest expense
|
|
(111.0)
|
|
(90.7)
|
|
(86.2)
|
|
Interest income
|
|
5.5
|
|
4.1
|
|
5.5
|
|
Other income (expense) – net
|
|
(24.9)
|
|
(1.7)
|
|
39.2
|
|
|
|
|
|
|
|
|
Income from continuing operations before
income taxes and Trust distributions
|
|
461.4
|
|
282.2
|
|
507.9
|
|
Income tax expense
|
|
(156.7)
|
|
(125.1)
|
|
(182.1)
|
|
Distributions on Trust preferred securities
|
|
(18.4)
|
|
(18.4)
|
|
(16.1)
|
|
|
|
|
|
|
|
|
Income from Continuing Operations
|
|
286.3
|
|
138.7
|
|
309.7
|
|
Income (loss) from discontinued
operations – net of taxes
|
|
39.6
|
|
30.9
|
|
48.3
|
|
|
|
|
|
|
|
|
Income before extraordinary items
|
|
325.9
|
|
169.6
|
|
358.0
|
|
Extraordinary losses on debt extinguishment – net
of taxes
|
|
—
|
|
—
|
|
(4.3)
|
|
|
|
|
|
|
|
|
Net Income
|
$
|
325.9
|
$
|
169.6
|
$
|
|
|
|
|
|
|
|
|
|
Basic Earnings per Share:
|
|
|
|
|
|
|
|
Continuing operations
|
$
|
2.73
|
$
|
1.26
|
$
|
2.81
|
|
Discontinued operations
|
|
0.38
|
|
0.28
|
|
0.44
|
|
Extraordinary losses
|
|
— |
|
— |
|
(0.04)
|
|
|
|
|
|
|
|
|
Net Income
|
$
|
3.11
|
$
|
1.54
|
$
|
|
|
|
|
|
|
|
|
|
Diluted Earnings per Share:
|
|
|
|
|
|
|
|
Continuing operations
|
$
|
2.68
|
$
|
1.26
|
$
|
2.76
|
|
Discontinued operations
|
|
0.36
|
|
0.27
|
|
0.42
|
|
Extraordinary losses
|
|
—
|
|
—
|
|
(0.04)
|
|
|
|
|
|
|
|
|
Net Income
|
$
|
3.04
|
$
|
1.53
|
$
|
3.14
|
|
|
|
|
|
|
|
