|
Financial
Highlights (Dollar amounts in millions, except
per share data)
| Year
Ended December 31, |
|
2000 |
1999 |
1998 |
| . |
|
|
|
|
| For
the year |
|
|
|
|
| Reported: |
|
|
|
|
| Sales |
|
$5,043 |
$4,639 |
$4,833 |
| Operating
profit |
|
$707 |
$831 |
$856 |
| Income* |
|
$363 |
$441 |
$425 |
| Capital
expenditures |
|
$704 |
$653 |
$781 |
| Diluted
earnings per share* |
|
$2.25 |
$2.72 |
$2.60 |
| Cash
flow from operations |
|
$899 |
$969 |
$944 |
| . |
|
|
|
|
| Adjusted:** |
|
|
|
|
| Operating
profit |
|
$866 |
$831 |
$885 |
| Income |
|
$480 |
$441 |
$425 |
| Diluted
earnings per share |
|
$2.98 |
$2.72 |
$2.60 |
| After-tax
return on capital |
|
12.0% |
11.1% |
11.1% |
| . |
|
|
|
|
| At
year end |
|
|
|
|
| Debt-to-capital
ratio |
|
56% |
52% |
53% |
* Income and
earnings per share amounts are before the 1999 cumulative effect
of an accounting change.
**Adjusted amounts
exclude repositioning and special charges of $159 million pre-tax
in 2000 ($117 million after tax, or $0.73 per diluted share); and
charges of $29 million pre-tax and special tax credits in 1998 (no
income or earnings per share impact). After-tax return on capital
is defined as after-tax operating profit plus income from equity
investments, divided by average capital.
|