Document 108pxLNZp0kMQjZLmdbjVQRLj

--v Off-Highway Vehicle Components Mechanical and automatic transmissions; drive and steering axles; specialty axle preducts; brakes; engine valves; hydraulic valve lifters; gear and piston pumps and motors; transaxles and steering systems; geroters; control valves and cylinders; forgings: central tire inflation systems and tire valves. The principal market for these products is original equipment manu facturers of heavy and medium-duty trucks, passenger cars and off-high way vehicles. These original equipment manufacturers are generally concentrated in North America, however, sales are made on a global basis. Most sales of these products are made directly to such manufacturers. Electrical and Electronic Controls Industrial and Commercial Controls Electromechanical and elec tronic controls including motor starters, contactors, overloads and elec tric drives; programmable controllers, counters, man/machine interface panels and pushbuttons; photoelectric, proximity, temperature and pres sure sensors; residential, molded case, hydraulic, air and medium volt age circuit breakers; loadcenters; safety switches; panelboards; switchboards; switchgear components; switchgear dry type transform ers; busway; meter centers; crane controls; portable tool switches; com mercial switches; relays; vacuum interrupters; illuminated pushbuttons and panels; annunciator panels; electrically actuated valves and actua tors; pressure transducers and switches; and Navy motor control and power conversion systems. Automotive and Appliance Controls Electromechanical and eiectronic controls including convenience, stalk and concealed switches; knock sensors; dimate control components; speed controls; timers; pres sure switches; water valves; range controls; thermostats; gas valves; in finite switches; temperature and humidity sensors; transmission valves; speed sensitive steering systems; tone generators and chimes; lighting controls; emission control valves; remote keyless entry systems and re mote actuated solenoids. Specialty Controls Ion implanters; plastic and steel spring fasten ers; retainer tings; clamps; golf grips; industrial rubber products; indus trial dutches and brakes. The markets for these products are industrial, construction, commercial, automotive, appliance, aerospace and government customers concentrated principally in North America; however, sales are made glob ally. Sales are made directly by the Company and indirectly through dis tributors and manufacturers' representatives to such customers. Defense Systems Strategic countermeasures; tactical jamming systems; electronic intelligence; electronic support measures and radar surveillance. The principal market for these products is the United States Government. Other Information Identifiable assets for each segment and geographic region repre sent those assets used in operations, including excess Of cost over net assets of businesses acquired, and exclude general corporate assets, which consist principally of short-term investments, deferred income taxes, investments carried at equity, property and other assets. Net sales to divisions and subsidiaries of one customer, primarily from the Vehicle Components business segment (in millions), were $653 in 1995, $623 in 1994 and $541 in 1993 (10% of sales in 1995 and 1994, and 12% in 1993). Sales from the Company's United States operations to cus tomers in foreign countries, primarily Canada, were $709 million in 1995 (10% of sales). OEOGRAPHIC REGION INFORMATION (MXionsJ 1995 United States Canada Europe Latin America Pacific Region Eliminations 1994 United States Canada Europe Latin America Pacific Region Bimlnations 1993 United States Canada Europe Latin America Pacific Region Eliminations Nt Operating ManUfiAllta Mies profit Uttl $5,390 282 1.153 266 136 (405) S6.822 $ 571 24 79 4 23 $ 701 $3,369 109 807 151 90 (99) $4,427 $4,807 292 912 298 103 (360) $6,052 $ 491 30 50 9 14 $ 594 $3,081 119 636 156 57 (86) $3,963 $3,404 183 769 202 81 (238) $4,401 $ 275 21 17 9 10 $ 332 $1,710 101 548 103 48 (60) $2,450 Results tor 1994 reflect the acquisition of DC8U on January 31,1994. Operating profit in 1993 was reduced $53 million in the United States and $2 million in Canada by an acquisition integration charge related to the purchase ot DCBU, and by a $9 million charge for streamlining operations in Europe. Geographic region information (table above) does not include results of associate companies and joint ventures in which the Company holds a 20%-S0% ownership interest, which are accounted for by the equity method, and which had total sales as follows (in millions): IMS 1994 1993 United States Europe Latin America Pacific Region $ 21 13 20 347 S401 $ 10 15 10 240 $275 $7 13 15 169 $204 T