Document 3Q3qZ01MYQjzZrdLYw3dgOEz0

EATON CORPORATION STATEMENTS OF CONSOLIDATES INCOME Year ended December 31 (Millions except (or per share dm) Met sales 1994 S6.052 Costs and expenses Cost of products sold Selling and administrative expense Research and development expense Acquisition integration charge Income from operations 4.397 882 213 5.492 560 Other income and (expense) Interest expense Interest income Other income - net Income before income taxes Income taxes Income before extraordinary item and cumulative effect ofaccounting changes Extraordinary item Cumulative effect of accounting changes Postretirement benefits other than pensions Income taxes Net income (loss) (91) 7 12 (72) 488 155 333 $ 333 Per Common Share Income before extraordinary item and cumulative effect of accounting changes Extraordinary item Cumulative effect of accounting changes Postretirement benefits other than pensions Income taxes Net income (loss) Cash dividends paid Average number of Common Shares outstanding S 4.40 $ 4.40 S 1.20 75.6 The Financial Review on pages 24 to 32 is an integral part of the consolidated financial statements. 1993 $4,401 3.284 591 154 55 4,084 317 (75) 8 12 (55) 262 82 180 (7) $ 173 $ 2.57 (.10) $ 2.47 $ 1.15 69.8 1992 $4,101 3,134 578 151 3,863 238 (89) 9 23 (57) 181 41 140 (274) 6 $ (128) $ 2.03 (3.97) .09 $(1.85) $ 1.10 68.9