Income from continuing operations per Common
Share assuming dilution
$3.30
$5.28
$2.39
$5.00
Cash earnings from continuing operations per Common
Share assuming dilution
$4.40
$6.37
$3.49
$6.09
Average number of Common Shares outstanding
assuming dilution
70.5
72.6
Cash dividends paid per Common Share
$1.76
$1.76
Market price per Common Share
High
$81.43
$86.56
Low
55.12
57.50
Total assets
$7,646
$8,180
Total debt
2,440
3,004
Shareholders' equity
2,475
2,410
Shareholders' equity per Common Share
$35.61
$35.29
Common Shares outstanding
69.5
68.3
Income
from continuing operations as reported includes the following unusual
items:
Income
was reduced by unusual charges, primarily for restructuring and
acquisition integration actions, of $129 in 2001 ($86 after-tax,
or $1.21 per Common Share) and $52 in 2000 ($34 after-tax, or $.47
per share).
Income
in 2001 was increased by a net pretax gain related to the sales
of businesses of $61 ($22 after-tax, or $.30 per Common Share).
Income in 2000 was increased by a net pretax gain related to the
sales of corporate assets of $22 ($14 after-tax, or $.19 per share).
Cash
earnings per Common Share represent income per share before non-cash
amortization expense for goodwill and other intangible assets of
$1.10 per share in 2001 and $1.09 in 2000.
This
summary includes amounts for continuing operations only and excludes
the semiconductor equipment operations which were spun-off to Eaton
shareholders on December 29, 2000 and are reported as discontinued
operations.
