Document VJ53RN4LMLQ22qKjp1YjNBbro

COOPER INDUSTRIES LTD(Form. 424B2, Received- 10/25/2002 13 39 31) Page 58 of 68 $7 3 million cost, its maximum exposure under the 1999 executory contract. F-25 COOPER INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) CONCENTRATIONS OF CREDIT 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 exceeding 4 8% of accounts receivable FAIR VALUE OF FINANCIAL 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 $13 billion and $15 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 Year Ended December 33 2000 1999 Assets acquired and liabilities assumed or incurred From the acquisition of businesses Fair value of assets acquired Liabilities assumed or incurred (in millions) $ 684 0 $ 522 9 (103 6) (88 3) Cash used to acquire businesses, net of cash acquired $ 580 4 $ 434 6 NOTE 18: NET INCOME PER COMMON SHARE Income from continuing operations Charge from discontinued operations Basic Year Ended December 31, 2001 2000 1999 2 OC ($ m millions, shai $ 261.3 (30 0) $357 4 $331 9 $ 2f C Net income applicable to Common stock $ 231 3 $357 4 $331.9 $ 21 httn //\VWW duirphnlflpr PAm/pAAnar/lnrlrTOrT^atoil r*AvOP, irtn-PDU t>,, __ i i/ii no'-v 1/10 /OOO'I