Document LpZYO72Z6vv076kKO8vw08DQq

Specially Controls - Automated material handling systems: automated guided vehicles: stacker cranes: ion implanters: engineered fasteners: golf grips: industrial clutches and brakes. The principal markets for these products are industrial, commercial, automotive, appliance, aerospace and government customers. Sales are made directly by the Company or indirectly through distributors and manufacturers' representatives. Defense Systems Strategic countermeasures: tactical jamming systems: electronic intelligence: electronic support measures. The principal market for these products is the United States Government. Other Information Operating profit represents net sales less operating expenses for each segment and geographic region and excludes interest expense and income, and general corporate expenses - net. Identifiable assets for each segment and geographic region represent those assets used in operations (including excess of cost over net assets of businesses acquired) and exclude general corporate assets (consisting principally of short-term investments, deferred income taxes, investments earned at equity, property and other assets). Net sales to divisions and subsidiaries of one customer, primarily from the Vehicle Components business segment, were $541 million in 1993, $491 million in 1992 and $394 million in 1991 (12% of sales in 1993. 12% in 1992 and 11% in 1991). GEOGRAPHIC REGION INFORMATION United States (Millions of dollars) ,---- W9) :t sales Operating profit Identifiable assets S3.4(W m i.7:t> 199) Net sales Operating profit Identifiable assets S3.002 201 1.781 1991 Net sales Operating profit Identifiable assets S2.768 151 1.886 Canada SI 83 21 101 SI 75 20 74 5166 12 84 Europe 5769 17 54X S86I 29 630 S679 626 Latin America s:i>: 9 103 S184 s 98 SI 53 6 100 Pacific Region 5 XI It) JX S 66 6 48 S 58 5 48 Eliminarions S23X 60 SI87 59 $165 71 Operating pmfii In I99) was reduced by an acquisition integration charge of 15) million in the United States and S2 million in Canada, and by a restructuring charge nl $V million in Europe. Operating profit lor the United States m J W2 was reduced by $25 million or expense related to the accounting change lor poscreiirccncnt benefits other than pen\nms Operjime profit in IWI was reduced by a restructuring charge of $24 million in the United States. $2 million in Canada and $13 million in Europe Totals $4,401 2.466 S4.I0I 264 2.572 S3.659 174 2.673 Geographic region information (table above) does not include results of associate companies and joint ventures in which the Company holds a ]()%-5()% ownership interest, which are accounted for hy the equity method, and which had total sales as follows: United States Latin Europe A merica Pacific Region Totals -M.iiu-.i. ..i J.dl.tts, i; m\ s 7 st i $1* X169 N>.i IX h 1)6 IMt W 40 - 7 1X9 T