1998 1999 2000 2001

Net Sales 1423.2 1494.36 1569.08 1647.53

Gross Profit 1139.7 1195.49 1255.26 1318.03
EBITDA 785 832.10 882.03 934.95
EBIT 753.3 798.50 846.41 897.19
Interest Expense (Income) 2.2 2.20 2.20 2.20
Pretax Earnings 755.5 800.70 848.61 899.39
Net Income 467.9 495.97 525.73 557.28

Free Operating Cash Flow 429.5 450.98 473.52 497.20

Basic EPS 2.52 2.75 2.99 3.26
Diluted EPS 2.5 2.73 2.97 3.24
Dividend per share 1.62 1.80 2.00 2.22
Divident payout ratio 64% 0.64 0.64 0.64

Balance Sheet and Cash Flow Data

Long Term Debt 100 300.00 500.00 700.00
Total Debt 100 300.00 500.00 700.00
Shareholders Equity 468.3 454.51 441.38 428.88
Average basic shares outstanding 185.5 180.04 174.84 169.89
Share Repurchases 151.6 151.60 151.60 151.60
Treasury Stock - 186.21 186.87 187.50

Stock Price
Year End 34.88 36.62 38.46 40.38
No. of Shares Bought Back 5.46 5.20 4.95
Face Value of Shares Bought Back 13.79 13.13 12.50
Face Value 468.3
No of Shares 185.5
2.52
Market Value - Face Value 34.10 35.93 37.85
 2002 2003
1729.91 1816.40
1383.93 1453.12
991.04 1050.51
951.02 1008.09
2.20 2.20
953.22 1010.29
590.71 626.16

522.06 548.16
3.56 3.88
3.53 3.85
2.46 2.73
0.64 0.64

900.00 1100.00
900.00 1100.00
416.97 405.63
165.17 160.68
151.60 151.60
188.09 188.66

42.40 44.52
4.72 4.49
11.91 11.34

39.87 41.99
Current Price 30

Equity FV No. of Shares

Paid up 10 100 1000
Reserve 20 100 2000
3000

Dr. Reserves 20*100

Dr. Paid Up 10*100