Document 8R9dODK1Z3MgKzQqjJzepZVre

Specialty Controls Ion implanters; thermal processing systems; flat panel display equipment; plastic and steel spring fasteners; retainer rings; clamps; golf grips; industrial rubber products; industrial clutches and brakes. The markets for these products are industrial, construction, com mercial, automotive, appliance, aerospace and government customers concentrated principally in North America, however, sales are made globally. Sales are made directly by the Company and indirectly through distributors and manufacturers' representatives to such customers. Vehicle Components Truck Components Heavy-, medium- and light-duty mechanical and automatic transmissions; power take-offs; drive, trailer and steering axles; brakes; anti-lock brake systems; locking differentials; engine valves; valve lifters; leaf springs; viscous fan drives: fans and fan shrouds; power steering pumps; tire pressure control systems; tire valves; fleet management systems and advanced drivetrain controls. Passenger Car Components Engine valves; hydraulic valve lifters; viscous fan drives; fans and fan shrouds; locking differentials; spring fluid dampers; transaxle components; superchargers and tire valves. Off-Highway Vehicle Components Mechanical and automatic transmissions; drive and steering axles; specialty axle products; 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 man ufacturers of heavy-, medium- and light-duty trucks, passenger cars and off-highway 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. Net sales to divisions and subsidiaries of one customer, primarily from the Vehicle Components business segment (in millions), were $739 in 1996, $740 in 1995 and $623 in 1994 (11% of sales in 1996 and 1995 and 10% in 1994). Sales from the Company's United States operations to customers in foreign countries, primarily Canada, (in millions) were $743 in 1996 and $709 in 1995 (11% and 10% of sales in 1996 and 1995, respectively). Geographic Region Information IMMlionil 1996 United States Canada Europe Latin America Pacific Region Eliminations Operating JdanuAacle Net tele* prefit uun 1995 United States Canada Europe Latin America Pacific Region Eliminations 1994 United States Canada Europe Latin America Pacific Region Eliminations Defense Systems Strategic countermeasures; tactical jamming systems; electronic intelli gence; 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 represent those assets used in operations, including excess of cost over net as sets of businesses acquired, and exclude general corporate assets, which consist principally of short-term investments, deferred income taxes, investments in associate companies and joint ventures, property and other assets. Operating profit in 1996 was reduced by restructuring charges ol S28 million .n the United States, $9 million in Europe and $13 million in Latin America. Geographic region information (table above) does not include results of associate companies and joint ventures in which the Company holds a 20%-50% ownership interest and which had total sales as follows (in millions): United States Europe Latin Amenca Pacific Region 1996 1995 ./A.W.u- $ 21 ->-:i3 . I.i6 r '20 .326 347 $369 $401 | 1------------- 1- 1994 S 10 15 10 240 $275 30 31 T