Document NGkML2V4kJxRZVgrnnOdzK48w

COOPER INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) including switches, receptacles, plugs and connectors, cords and other electrical accessories to the residential and commercial markets In May 2000, Cooper acquired B-Line Systems for a total cost of $430 6 million B-Line Systems manufactures and markets support systems and enclosures for electrical, mechanical and telecommunications/data applications In 1999, Cooper completed eight acquisitions m its Electrical Products segment and two small acquisitions in its Tools & Hardware segment for an aggregate cost of $443 8 million The acquisitions include two businesses m the United Kingdom and a business m France that expanded the product offerings of the Cooper European based division, three domestic hghtmg businesses and four other small product-lme acquisitions A total of $354 4 million m goodwill was recorded, including an additional $16 2 million m 2000, with respect to the acquisitions The acquisitions have been accounted for as purchases and the results of the acquisitions are included in Cooper's consolidated income statements smce the respective acquisition dates The pro forma net income and earnings per share for 2000 and 1999, assuming the acquisitions had been made at the beginning of each year, would not be materially different from reported net mcome and earnings per share On October 9, 1998, Cooper completed the sale of its Automotive Products segment for cash proceeds of $19 billion During 1999, Cooper received an additional $149 1 million representing reimbursement of Cooper's pre-closing cash funding of international operations and the additional cash mvested in the Automotive Products segment between March 31, 1998 and October 9, 1998 NOTE 5: INVENTORIES , Raw materials .... Work-in-process Finished goods Perishable tooling and supplies Excess of current standard costs over LIFO costs Net mventones December 31, 2001 2000 (m millions) $ 223 6 132 2 374 0 21 4 751 2 (80 3) $ 670 9 $ 230 1 134 6 404 5 20 5 789 7 (82 8) $ 706 9 F-10