Document rprO8bLny1gOn5od37XjNvODa

COOPER INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) NOTE 15: INDUSTRY SEGMENTS AND GEOGRAPHIC INFORMATION Industry Segments Cooper's operations consist of two segments Electrical Products and Tools & Hardware Markets for Cooper's products and services are worldwide, with the United States being the largest market The Electrical Products segment manufactures, markets and sells electrical and circuit protection products, including fittings, support systems, enclosures, wiring devices, plugs, receptacles, lighting fixtures, fuses, emergency lighting, fire detection systems and security products for use m residential, commercial and industrial construction, maintenance and repair applications The segment also manufactures, markets and sells products for use by utilities and m industry for electrical power transmission and distribution The Tools & Hardware segment manufactures, markets and sells hand tools for industrial, construction and consumer markets, automated assembly systems for industrial markets and electric and pneumatic industrial power tools for general industry, primarily automotive and aerospace manufacturers The performance of businesses are evaluated at the segment level and resources are allocated among the segments The Cooper executive responsible for each segment further allocates resources between the various division operating units that compose the segment and, in international markets, determines the integration of product lines and operations across division operating units The accounting policies of the segments are the same as those descnbed m the summary of significant accounting policies m Note 1 Cooper manages cash, debt and mcome taxes centrally Accordingly, Cooper evaluates performance of its segments and operatmg units based on operating eammgs exclusive of financing activities and mcome taxes Nonrecurring and unusual items are excluded from the evaluations The segments are managed separately because they manufacture and distribute distinct products Intersegment sales and related receivables for each of the years presented were insignificant Fmancial information by industry segment was as follows Revenues Year Ended December 31, 2001 2000 1999 Electrical Products Tools & Hardware Total management reporting Segment nonrecumng and unusual items Net segment operatmg eammgs General Corporate Nonrecurring gains (charges) Expense Interest expense, net Consolidated mcome from continuing operations before mcome taxes Corporate assets Consolidated assets $ 3,485 5 724 0 $ 4,209 5 $ 3,659 2 800 7 $ 4,459 9 $ 3,060 9 808 0 $ 3,868 9 Operating Eammgs Year Ended December 31, 2001 2000 1999 (in millions) Total Assets Year Ended December 31, 2001 2000 1999 $ 437 0 68 6 505 6 $ 585 0 97 7 682 7 $ 516 7 97 9 614 6 $ 3,482 9 816 3 4,299 2 $ 3,660 9 844 8 4,505 7 $ 2,969 5 897 8 3,867 3 (24 0) 481 6 - 682 7 (4 5) 610 1 (50 1) (30 4) (84 7) - (32 5) (100 3) 08 (37 1) (55 21 $ 3164 $ 549 9 $ 5186 312 2 $ 4,611 4 283 6 $ 4,789 3 276 1 $ 4,143 4 F-22