Financial Summary ⁽¹⁾

For the Year (in millions, except per share amounts)

2001

2000

%Change    

Sales

$

4,185

$

3,701

13.1

%

Segment operating income⁽²⁾

$

644

$

594

8.5

%

Segment operating margins⁽²⁾

15.4

%

16.0

%

—

Net income⁽²⁾

$

306

$

266

15.0

%

Cash flow from operations

$

383

$

168

127.5

%

Free cash flow ⁽²⁾⁽³⁾

$

223

$

230

(3.0

)%

Return on average shareholders’ equity⁽²⁾

23.7

%

21.0

%

—

Net Income per Share ⁽²⁾

     Basic

$

2.97

$

2.53

17.4

%

     Diluted

$

2.87

$

2.43

18.1

%

Dividends per share

$

1.10

$

1.10

—

Shares outstanding

101.7

102.3

n/a

(1)

Engineered Industrial Products and Performance Materials treated as discontinued operations.

(2)

Excludes special items (see additional discussion of special items in the accompanying annual report to shareholders).

(3)

See footnote (3) in the Overview of the accompanying annual report to shareholders for the Company’s definition of free cash flow.