Document Rjd5Xwx2Rj6DxwNyDpLYgjBEB

COOPER INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) Concentrations ofCredit Risk Concentrations of credit risk with respect to trade receivables are limited due to the wide variety of customers as well as their dispersion across many different geographic areas with no one customer receivable exceedmg 4 8% of accounts receivable Fair Value ofFinancial Instruments Other than Derivatives Cooper's financial instruments other than derivative instruments, consist primarily of cash and cash equivalents, trade receivables, trade payables and debt instruments The book values of cash and cash equivalents, trade receivables and trade payables are considered to be representative of their respective fair values Cooper had approximately $ 1 3 billion and $ 1 5 billion of debt instruments at December 31, 2001 and 2000, respectively The book value of these instruments was approximately equal to fair value at December 31, 2001 and 2000 NOTE 17: SUPPLEMENTAL CASH FLOW INFORMATION Assets acquired and liabilities assumed or incurred From the acquisition of busmesses Fan value of assets acquired Liabilities assumed or incurred . Cash used to acquire busmesses, net of cash acquired Year Ended December 31, 2000 1999 (m millions) S 684 0 (103 6) $ 580 4 $ 522 9 (88 3) $ 434 6 NOTE 18: NET INCOME PER COMMON SHARE Basic Diluted Year Ended December 31, Year Ended December 31, 2001 2000 1999 2001 2000 1999 ($ in millions, shares in thousands) Income from continuing operations Charge from discontinued operations $261 3 (30 0) $ 357 4 - $ 331 9 - $261 3 (30 0) $ 357 4 - $ 331 9 - Net income applicable to Common stock $231 3 $ 357 4 $ 331 9 $231 3 $ 357 4 $ 331 9 Weighted average Common shares outstanding Incremental shares from assumed conversions Options, performance-based stock awards And other employee awards Weighted average Common shares and Common share equivalents 94,008 93,524 94,046 94,008 93,524 94,046 869 94,877 626 94,150 896 94,942 Options and employee awards are not considered m the calculations if the effect would be antidilutive F-26