1、2004Annual ReportGrowth at(Dollars and Shares in Millions,Except Per Share Amounts)200420032002Sales$25,601$23,103$22,274Net Income(Loss)1$1,281$1,324$(220)Diluted Earnings(Loss)Per Common Share$1.49$1.54$(0.27)Cash Dividends Per Common Share$0.75$0.75$0.75Book Value Per Common Share$13.24$12.45$10.
2、45Total Assets$31,062$29,314$27,565Cash Flows from Operating Activities$2,253$2,199$2,380Common Shares Outstanding at Year-end 850862854Employees at Year-end 109,000108,000108,0001In 2004,includes net repositioning,environmental,litigation,business impairment and other charges,gains on sales of non-
3、strategic businesses and a gain related to the settlement of a patent infringement lawsuit resulting in a net after-tax chargeof$315 million,or$0.36 per share.In 2003,includes the cumulative after-tax charge of$20 million,or$0.02 per share,forthe adoption of SFAS No.143.In 2003,also includes net rep
4、ositioning,environmental and other charges,gains on sales of non-strategic businesses and a gain related to the settlement of a patent infringement lawsuit resulting in a net after-tax chargeof$22 million,or$0.03 per share.In 2002,includes net repositioning,litigation,business impairment,and other c
5、harges andgains on sales of non-strategic businesses resulting in a net after-tax charge of$1,864 million,or$2.27 per share.These materials contain certain statements that may be deemed“forward-looking statements”within the meaning of Section 21E of theSecurities Exchange Act of 1934.All statements,
6、other than statements of historical fact,that address activities,events or developments thatwe or our management intends,expects,projects,believes,or anticipates will or may occur in the future are forward-looking statements.Such statements are based upon certain assumptions and assessments made by