Document vmROOnR5Y91oyO2k79nem88b
COOPER INDUSTRIES, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants m 2001, 2000 and 1999 respectively dividend yield of 3 5%, 3 5% and 3 0%, expected volatility of 27 5%, 26 4% and 26 4%, risk free interest rates of 5 1%, 6 7% and 5 0% and expected lives of 7 years for 2001, 2000 and 1999
NOTE 11: ACCUMULATED NONOWNER CHANGES IN EQUITY
Balance December 31,1998 Current year other nonowner changes in equity Balance December 31,1999 Current year other nonowner changes m equity Balance December 31,2000 Current year other nonowner changes in equity Balance December 31,2001
Minimum Pension Liability
$ (3 9) 11 (2 8) 01 (2 7) (0 7)
$ (3 4)
Loss On
Cumulative
Derivative
Translation
Instruments
Adjustment
(in millions)
$
-
-
-
(0 3) $ (0 3)
$ (26 1) (40 5) (66 6) (512) (117 8) (6 3)
$ (1241)
Total
$ (30 0) (39 4) (69 4) (51 1)
(120 5) (7 3)
$ (127 8)
Before Tax
Amount
Minimum pension liability adjustment
$ (1 1)
Change in fair value of derivatives
(10)
Reclassification to earnings
05
(0 5)
Translation adjustment
(9 7)
Other nonowner changes m equity
$ (11 3)
2001 Tax
(Expense) Benefit
$ 04
04 (0 2) 02 34
$ 40
Net Amount
$ (0 7)
(0 6) 03 (0 3) (6 3)
$ (7 3)
Before Tax
Amount
2000 Tax
(Expense) Benefit
(m millions)
Net Amount
Before Tax
Amount
1999 Tax (Expense) Benefit
$ 01 $ -
$ 01 $ 19 $ (0 8)
_ _
(78 8)
_ _
27 6
_ _
(512)
_ _
(62 3)
_
21 8
$ (78 7) $ 27 6
$ (51 1) $ (60 4) $ 21 0
Net Amount
$ 11
_ _
(40 5)
$ (39 4)
F-16