(Dollar amounts in millions, except per share data)
Year Ended December 31,
2003
2002
2001 (a)
Sales
$
 5,613
$
 5,128
$
 5,158
Operating Profit
$
 922
$
 923
$
 800
Income before accounting changes
$
 585
$
 548
$
 432
Diluted earnings per share (b)
$
 1.77
$
 3.33
$
 2.64
 
 
 
OTHER INFORMATION AND RATIOS
 
 
Cash flow from operations
$
 1,137
$
 1,001
$
 1,020
Capital expenditures (c)
$

498
$
 498
$
 595
Cash flow from operations-to-debt ratio
40.4 %
36.4 %
34.1 %
After-tax return on capital (c,d)
12.8 %
13.4 %
12.7 %
Return on equity (d)
21.6 %
22.8 %
21.6 %

(a) 2001 includes goodwill amortization of $38 million ($33 million after tax or $0.10 per diluted share) and special charges of $70 million ($57 million after tax or $0.17 per diluted share).

(b) Diluted earnings per share have been adjusted to reflect the December 15, 2003 two-for-one stock split which was effected as a stock dividend (see Note 1 to the consolidated financial statements).

(c) Capital expenditures for 2003 include the purchase of previously leased assets for $339 million (see Note 5 to the consolidated financial statements). Consequently, after-tax return on capital for 2003 was reduced by 0.4%.

(d) Refer to the Appendix for definitions and reconciliation to reported amounts.