Document g2evKEx1vdZqpaw9DVK9RMMaQ

EATON CORPORATION STATEMENTS OF CONSOLIDATED SHAREHOLDERS' EQUITY Common Shares (Shares in thousands, dollars in millions) Balance at January 1, 1993 Net income Cash dividends paid, net of Employee Stock Ownership Plan (ESOP) tax benefit Issuance of shares under employee benefit plans, including tax benefit Two-for-one stock split Sale of shares Reduction of unallocated ESOP shares Net foreign currency translation adjustments Balance at December 31, 1993 Net income Cash dividends paid, net of ESOP tax benefit Issuance of shares under employee benefit plans, including tax benefit Sale of shares Pooling-of-interests with Lectron Products, Inc. 'et unrealized gain on availabte-for-sale securities Reduction of unallocated ESOP shares Net foreign currency translation adjustments Balance at December 31, 1994 Net income Cash dividends paid, net of ESOP tax benefit Issuance of shares under employee benefit plans, including tax benefit Net unrealized loss on available-for-sale securities Purchase of shares Reduction of unallocated ESOP shares Net foreign currency translation adjustments Balance at December 31, 1995 Shares 34,667 483 34.867 1,287 71,304 503 4,560 " 1,600 77,967 - 401 (766) 77,602 Amount $17 18 1 36 2 1 39 $39 Capital in excess or par value $452 22 61 535 21 250 806 14 (8) $812 Retained earnings Foreign currency translation adjustments Unallocated ESOP shares Total shareholders' equity $ 636 173 j(47) $(110) $ 948 173 (83) (18) 708 333 (89) 25 11 988 399 (116) (D (6) (32) $1,232 (31) (78) 7 (71) 16 $(55) 14 (96) 14 (82) 29 $ (53) (83) 22 62 14 (31) 1.105 333 (89) 21 252 26 11 14 7 1,680 399 (116) 13 (6) (40) 29 16 $1,975 The Financial Review on pages 24 to 32 is an integral part of the consolidated financial statements l 23 T