For the year (dollars in millions, except per share amounts)
2002
2001
% Change
Sales
$
3,910
$
4,185
(6.6%
)
Segment operating income(1)
$
533
$
644
(17.3%
)
Segment operating margins(1)
13.6
%
15.4
%
Net income(1)
$
244
$
306
(20.3%
)
Free cash flow(1)
$
487
$
223
118.9%
Return on average shareholders' equity(1)
21.3
%
23.7
%
Net Income per Share(1)
Basic
$
2.35
$
2.97
(20.9%
)
Diluted
$
2.31
$
2.87
(19.5%
)
Dividends per share
$
0.88
$
1.10
(20.0%
)
Shares outstanding
117.1
101.7
(1)
Excludes special items. We believe excluding special items provides meaningful additional information on our operating results. Amounts adjusted to exclude special items should not be construed as an alternative to amounts determined in accordance with GAAP. Because amounts adjusted to exclude special items are not calculated in the same manner by all companies, our presentation may not be comparable to other similarly titled amounts reported by other companies. For a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures, see Management’s Discussion and Analysis.
