Document G6jXDNb0q21pvgMBeMLYEo7wv

Other Income and Expenses Segment Operating Earmngs(1) General Corporate Nonrecurring Charges (Gains) Expense Interest Expense, net Income from Continuing Operations Before Income Taxes Income Tax Expense Income from Continuing Operations Charge Related to Discontinued Operations Net Income Diluted Earnings Per Share Income from Continuing Operations Charge from Discontinued Operations Net Income (l) Includes segment nonrecurring charges Year Ended December 31, 2001 2000 1999 (in millions, except per share data) $ 481 6 $ 682 7 $ 610 1 50 1 30 4 84 7 3164 55 1 261 3 (30 0) $ 231 3 - 32 5 100 3 549 9 192 5 357 4 - $ 357 4 (0 8) 37 1 55 2 5186 186 7 331 9 - $ 331 9 $ 2 75 (31) $ 244 $ 3 80 $ 3 80 $ 3 50 $ 3 50 General Corporate Nonrecurring Charges and Gains See the "Nonrecurring Charges" section above and Note 2 of the Notes to Consolidated Financial Statements General Corporate Expense General corporate expenses decreased $2 1 million m 2001 compared to 2000 General corporate expenses decreased $4 6 million m 2000 compared to 1999 Reductions in personnel, cost reduction efforts and lower employee benefit related costs were the primary contributors to the reductions Interest Expense, net Interest expense, net decreased m 2001 by $15 6 million from 2000 The decrease resulted from significantly lower average mterest rates and lower average debt levels in 2001 versus 2000 Interest expense, net mcreased m 2000 by $45 1 million compared to 1999 primarily as a result of additional borrowings to fund acquisitions and stock repurchases, partially offset by increased capitalized interest Income Tax Expense The effective tax rate for 2001 was 34 5% before both nonrecurring charges and a $50 million tax benefit due to the reversal of reserves as a result of recent favorable Appellate level third party court decisions related to certain mcome tax return issues See Note 12 of the Notes to Consolidated Financial Statements This represented a 0 5 percentage pomt decrease from the 2000 effective tax rate The effective tax rate for 2000 was 35%, a 1 0 percentage pomt decrease from the 1999 rate of 36%, excluding nonrecurring items The decreases m the effective tax rate resulted from mtemational tax planning efforts 17