Document jyY0EVBEavJ3jzma25GX3KgVQ

Financial Highlights ($ in millions, except per-share data) Revenues Operating earnings before restructuring Continuing income before restructuring and unusual items Net income 2004 $ 4,462 9 496 6 339 8 339 8 2003 $ 4,061 4 394 6 266 0 148 3 2002 $ 3,960 3 393 8 243 5 213 7 Diluted Income Per Common Share Continuing income before restructuring and unusual items , Net income Shares used in computation of earnings per share (in millions) Cash dividends declared,per common share $ 3 58 < 3 58 ' 94 8 $ ' *,140 $ 2 83 1 58 93 8 $ 1 40 $ 2 60 2 28 93 7 $, 1 40 Number of employees Number of record shareholders Operating Revenues by Business Segment Electrical Products Tools and Hardware , i Operating Earnings by Business Segment Before Restiucturing Electrical Products Tools and Hardware 26,900 24,526 : , $ 3,722 2 740 7 , .. ' ,$ 511,2 ' ,,627 27,200 ' 26,300 * $ 3,358 4 703 0 . $. 435 1 39 0 28,400 26,800 $ 3,324 9 635 6 $, 400 6 27 3 Total assets Total indebtedness Shareholders' equity ' 5,340 8 $ 4,965 3 $ 4,687 9 1,461 6 . 1,343 3 1,438 6 2,286 5 , 2,118 2 2,002 4 Return on revenues before restructuring and unusual items Return on average shareholders' equity Return on invested capital before restructuring and unusual items Total debt as a percent of total capitalization ; 7 6% 15 4% , 9 796 39 0% 6 5% 7 2% 8 2% 38 8% 6 1% 10 6% 7 7% 41 8% These Financial Highlights contain non-GAAP financial measures See the reconciliation of these measures to the most directly comparable GAAP measures on page 28 of this Report Revenues (in billions) Diluted Earnings Per Share111 W From continuing operations before restructuring and unusual items $3 5 02 03 04 02 03 04 Free Cash Flow (in millions) $450. 360. 270. 180. 90. i -~t in igtfsffl mt \i ! II i 0 02 03 04 Debt-to-TotalCapitalization Ratio (in percent) 45%_ 36. U'4 27. 18. 9. 0 02 03 04