(dollars in millions, except per share amounts)

2000

1999

1998

1997

1996

Statement of Income Data:
Sales

$

4,363.8

$

4,319.8

$

4,259.2

$

3,783.2

$

3,181.1

Operating income

591.8

370.5

549.4

315.5

383.0

Income from continuing operations

286.3

138.7

309.7

144.4

146.6

Balance Sheet Data:

Total assets

$

5,717.5

$

5,125.5

$

4,908.0

$

4,146.5

$

4,110.4

Total debt

2,254.2

1,760.5

1,724.7

1,519.7

1,794.3

Mandatorily redeemable preferred securities
of trusts

273.8

271.3

268.9

123.1

122.6

Total shareholders’ equity

1,226.6

1,293.2

1,237.4

991.0

749.4

Other Financial Data:

Total segment operating income⁽³⁾

$

713.9

$

676.9

$

631.6

$

472.8

$

464.8

EBITDA^(2),(3)

807.5

752.8

685.6

545.8

489.0

Operating cash flow

230.0

243.3

402.9

324.1

209.8

Capital expenditures

148.1

172.5

189.9

166.8

129.7

Depreciation

133.6

114.8

106.4

96.5

82.2

Dividends (common and preferred)

117.6

91.6

75.7

59.5

58.8

Distributions on preferred securities
of trusts

18.4

18.4

16.1

10.5

10.5

Per Share of Common Stock:

Income from continuing operations, diluted

$

2.68

$

1.26

$

2.76

$

1.30

$

1.35

Diluted EPS⁽³⁾

2.97

2.75

2.48

1.89

1.44

Dividends declared

1.10

1.10

1.10

1.10

1.10

Book value

12.00

11.74

11.28

9.04

7.00

Ratios:

Segment operating income as a percent of
sales (%)

16.4

15.7

14.8

12.5

14.6

Debt-to-capitalization ratio (%)

59.9

52.8

53.3

57.7

67.3

Effective income tax rate (%)

34.0

44.3

35.9

41.2

33.8

Other Data:

Common shares outstanding at end of
year (millions)

102.3

110.2

109.7

109.7

107.1

Number of employees at end of year⁽⁴⁾

26,322

27,044

27,234

25,910

26,113

(1)Except as otherwise indicated, the historical amounts presented above have been restated to present the Company’s Performance Materials business as a discontinued operation.

(2)“EBITDA” as used herein means income from continuing operations before distributions on preferred securities of trusts, income tax expense, net interest expense, depreciation and amortization and special items.

(3)Excludes special items which for 2000, 1999, and 1998 are described on page 25 herein. Special items in 1997 included merger costs of $69.5 million in connection with the merger with Rohr, Inc., a net gain of $8.0 million resulting from an initial public offering of common stock by the Company’s subsidiary, DTM Corporation, a net gain of $16.4 million from the sale of a business and a charge of $21.0 million related to a production contract with IAE International Aero Engines AG to produce nacelles for McDonnell Douglas Corporation’s MD-90 aircraft. Special items in 1996 included a net gain of $1.0 million from the sale of a business; a loss of $3.1 million on the sale of a wholly owned aircraft leasing subsidiary; a charge of $4.3 million for an impairment write-down on a facility in Arkadelphia, Arkansas; and a charge of $3.2 million for the exchange of convertible notes.

(4)Includes employees of the Company’s Performance Materials business.