Document yrakrmmDOpNR92MwbxBD7epy2

SECURITIES AND EXCHANGE COMMISSION Washington FORM 10-K ANNUAL REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31. 1959 JOHNS-MANVILLE CORPORATION (Exact name of registrant as specified in charter) 22 East 40th Street, New York 16, N.Y. (Address of principal executive offices; MTC 001804 Item 1. Securities Registered on Exchanges As to each class of securities of the registrant which is registered on a national securities exchange, furnish the information required by the following table: (1) (2) Title of Class Name of each Exchange on which registered Common Stock ($5 par value) New York Stock Exchange Montreal Stock Exchange Toronto Stock Exchange Item 2. Number of Stockholders State, in substantially the tabular form indicated below, the approximate number of holders of record of each class of stock of the registrant. Title of Class Number of Holders Common Stock ($5 par value) 30,160 (as of February 8,1960) Item 3. Parents and Subsidiaries of Registrant Furnish a list or diagram of all parents and subsidiaries of trie registrant and as to each person named indicate the percentage of voting securities owned, or other bases of control, by its immediate parent. Johns-Manville Corporation - Registrant *Johns-Manville Sales Corporation - 100% Johns-Manville Products Corporation - 100% Johns-Manville International Corporation - 100% Johns-Manville Sudamericana, Limitada - 100% (See Note 1) Johns-Manville Societe Anonyme (Belgium) - 82.174% (See Note 1) Johns-Manville Company, Limited (United Kingdom) - 100% (See Note 1) Canadian Johns-Manville Company, Limited (Dominion of Canada) - 100% Asbestos and Danville Railway Company (Quebec) - 100% Canadian Johns-Manville Ontario Limited (Ontario) - 100% Canadian Johns-Manville Asbestos Limited (Dominion of Canada) - 100% Southern Johns-Manville Products Corporation - 100% Johns-Manville Construction Corporation - 100% Johns-Manville Dutch Brand Products Corporation - 100% Johns-Manville Fiber Glass Inc. 100% Johns-Manville Perlite Corporation - 100% #Johns-Manville Plastics Corporation - 100% Johns-Manville Products Corporation of California - 100% Johns-Manville Products Corporation of Georgia - 100% MTC 001805 *Johns-Manville Products Corporation of Massachusetts - 100% *Johns-Manville Products Corporation of Mississippi - 100% *Johns-Manville Products Corporation of Ohio - 100% Johns-Manville Products Corporation of Oregon - 100% Johns-Manville Products Corporation of Pennsylvania - 100% Johns-Manville de Mexico, S .A . (Mexico) - 100% (See Note 1) Johns-Manville Mexicana S.A. de C.V. (Mexico) - 100% (See Note 1) Johns-Manville (Overseas) Limited - (Ontario) - 100% (See Note 1) Johns-Manville (United Kingdom) Limited (United Kingdom) - 100% (See Note 1) Subsidiaries included in the consolidated financial statements of Johns-Manville Corporation and Subsidiaries. #Organized February 3, 1960 Note 1. The Financial statements of Johns-Manville de Mexico, S.A., Johns-Manville Mexicana S.A. de C.V., Johns-Manville (Overseas) Limited, Johns-Manville (United Kingdom) Limited and of the three subsidiaries of Johns-Manville International Corporation are not included in the consolidated financial statements. Individual statements for these companies are not submitted for the reason that in the aggregate they are not of material significance in relation to (1) the registrant in respect of the amount at which investments in and advances to such companies are carried; (2) the registrant and its subsidiaries consolidated with respect to the assets represented by such investments and advances, and (3) the registrant and its subsidiaries consolidated in respect of sales or operating revenues of such companies. Items 4 to 9 inclusive, have been omitted because a definitive proxy statement which involved the election of directors was filed with the Commission pursuant to Regulation X-14 on February 12, 1960. Item 10. Financial Statements and Exhibits. List below all financial statements and exhibits filed as a part of the Annual Report: (a) Financial statements. (b) Exhibits: None SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized. JOHNS-MANVILLE CORPORATION (Registrant; Date: April 29, 1960 (Signature) Irving J. Pedly Assistant Secretary MTC 001806 SECURITIES AND EXCHANGE COMMISSION Washington 25, D. C. FORM 10-K ANNUAL REPORT ITEM 10(a) - FINANCIAL STATEMENTS For the Year Ended December 31, 1959 JOHNS-MANVILLE CORPORATION NITC 001807 JOHNS-MANVILLE CORPORATION INDEX of REPORTS of INDEPENDENT AUDITORS and FINANCIAL STATEMENTS and SCHEDULES for the year ended December 31. 1959 Opinion of Lybrand, Ross Eros. & Montgomery Opinions of Sharp, Milne & Co. Balance sheets Statements of Income Statements of earnings reinvested Notes to financial statements The Corporation The and its Corporation Consolidated (Seoaratelv) Subsidiaries F-2 - F-5 F-6 P-7 F-8 - F-ll F-2 F-3 - P-4 F-5 F-6 F-7 F-8 - F-ll Schedules: I Marketable securities III Investments in securities of affiliates IV Indebtedness of affiliates not current V Property, plant and equipment VI Reserves for depreciation and depletion of property, plant and equipment X Indebtedness to affiliates not current XII Reserves XVI Supplementary profit and loss information XVII Income from dividends - equity in net profit and loss of affiliates F-12 F-13 F-14 - F-17 F-l8 F-19 ' F-20 - - F-15 F-l6 - F-l8 F-19 Schedules other than those listed above have been omitted since they are either not required or are not applicable. Financial statements are not furnished for the uncon solidated subsidiaries for the reason that such subsidiaries, in the aggregate, do not constitute a significant subsidiary. F-l MTC 001808 OPINION of INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS To the Stockholders and Board of Directors of Johns-Manville Corporation, New York, N, Y. We have examined the balance sheet of JOHNS-MANVILLE CORPORATION and the consolidated balance sheet of Johns-Manville Corporation and its Consolidated Subsidiaries as of December 31* 1959* the related statements of income and earnings reinvested for the year 1959* and the supporting schedules. We were fur nished with financial statements of the Canadian subsidiaries for the year 1959 together with the opinions thereon of chartered accountants. Our examination was made in accordance with gener ally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing pro cedures as we considered necessary in the circumstances. In our opinion, based upon our examination and upon the opinions of other accountants, the accompanying statements and schedules (pages F-5 to F-20)present fairly the financial posi tion at December 31* 1959* and the results of operations for the year then ended, of the parent corporation and the affiliated group, respectively, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. LYBRAND, ROSS BROS. & MONTGOMERY New York, January 26, i960. F-2 MTC 001809 OPINION of INDEPENDENT CHARTERED ACCOUNTANTS The Board of Directors, Johns-Manville Corporation, New York, N. Y. We have examined the Balance Sheet of Canadian JohnsManville Company, Limited, and its Consolidated Subsidiary Companies as of December 31, 1959* and the related Statements of Income and Earnings Reinvested for the year 1959. Our examina tion was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, based upon our examination, the afore mentioned Balance Sheet and Statements, together with Schedules III, IV, V, VI, X, XII and XVI, present fairly the financial position of Canadian Johns-Manville Company, Limited, and its Consolidated Subsidiary Companies as of December 31, 1959, and the results of their operations for the year then ended, in conformity with generally accepted accounting principles applied on a consistent basis. Montreal, January 26, I960. SHARP, MILNE & CO. Chartered Accountants P-3 MTC 001810 OPINION of INDEPENDENT CHARTERED ACCOUNTANTS The Board of Directors, Johns-Manville Corporation, New York, N. Y. We have examined the Balance Sheet of Canadian Johns - Manville Asbestos Limited as of December 31* 1959 and the related Statements of Income and Earnings Reinvested for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, based upon our examination, the afore mentioned Balance Sheet and Statements, together with Schedules IV and XVI, present fairly the financial position of Canadian Johns-Manville Asbestos Limited as of December 31* 1959* and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a con sistent basis. SHARP, MILNE & CO. Chartered Accountants Montreal, January 26, I960 P-4 MTC 001811 JOHNS-manvill: balance sheets, : ASSETS: The Corporation (Separately) The Corporation and its Consolidated Subsidiaries Demand deposits In banks and cash on hand Marketable securities, at cost (approximately market Schedule I) Accounts receivable, trade Accounts and notes receivable, miscellaneous $ 10,095,621 35,780,529 I____ 473,212 $ 18,298,817 53,711,298 1.352.029 40,240,151 473,212 Less, Reserves for doubtful accounts receivable and cash discounts (Schedule XII) ______________ 55,063,327 473,212 792.152 54,271,175 Inventories, at the lower of cost or market (Note 3): Finished goods and goods in process Raw materials Supplies Contracts in progress, less $2,742,596 advance billings 127,952 47,014 14,168 ______________ 22,653,520 13,764,883 4,145,195 189,134 ..127.029 41.690.627 Total current assets (Note 4) 46,538,496 154,500,770 Investments in and notes and accounts receivable from subsidiaries (Notes 1 and 4): Subsidiaries consolidated: Investments at cost or amounts of underlying net assets (Schedule III) Notes receivable (Schedule IV) 53,406,307 52,235,529 Accounts receivable (Schedule IV) 24.376.454 Subsidiaries not consoli dated: Investments at cost or less (Schedule III) Accounts receivable 156,436 471.912 Accounts receivable, employees' stock purchase plan (Note 5) Miscellaneous investments, at cost or less (market quotations not available) (Schedule V) 3,885,872 Less, Reserve for depreciation of employee housing facili ties (Schedule VI) 5<30 Properties and plants, at cost (Note 6 and Schedule V) 3,679,432 Less, Reserves for deprecia tion and depletion (Notes 6 and 7 and Schedule VI) 1.692.720 Prepaid and deferred charges 130,018,270 588,348 4,397,107 3,885,372 1,986,712 ______455,325. $187,870,130 361,805 742,726 5,564,384 1.234,723 303,799,662 145.292,930 L,104,531 1,397,107 4,329,661 158 ,506,732 496.910 Ihe accompanying note3 are an integr F-5 MTC 001812 CORPORATION member 31. 1959 LIABILITIES: Accounts payable and accrued liabilities: Trade accounts Payroll deductions U. S. and Canadian taxes on Income Other taxes Compensation and wages Miscellaneous Total current liabilities (Note 4) The Corporation (Separately) The Corporation and Its Consolidated Subsidiaries $ 563,795 1,228,416 . 4,939,454 170,428 2,172,004 942.873 3 8,600,015 2,354,407 23,246,730 5,195,207 12,315,371 4,614,135 10,016,975 56,325,365 Accounts payable to subsidiaries (Note 4 and Schedule X): Subsidiaries consolidated Subsidiaries not consolidated 3 30,471,551 ________ 61,398 30,532,949 $90,582 90,532 Notes payable. Interest at 2.7 per cent, principal payable $250,000 annually to July 15, 1966, balance payable Till >i T C 1 n^7 avhnialira /> amnnrf due within one year 2,750,000 2,750,000 Reserves for"guarantees, etc. (Schedule XII) 906,786 1,770,850 Commitments (Note 8) CAPITAL SHARES, EARNINGS REINVESTED and EARNINGS APPROPRIATED for CONTINGENCIES: Common stock, par value $5 per share, authorized 25,000,000 shares. Issued and outstanding 8,474,214 shares (Note 5J 117,546,761 117,546,761 Earnings reinvested (Note 1) Earnings appropriated for contingencies (no change during 1959) (Note 12) il part of the financial statements. 20.6S3.523 138,200,284 140.189.743 257,736,504 5.463.136 3187.870.130 F-5 7.561,910 S326.33S.711 MTC 001813 STATEMENTS o f INCOME to r the year ended December 3Vi 1959 fin a n c ia l statem ents. cO '<Oo oc ao3 oc N in CO a m rvU 'a N OJ Ja O' a1 a ON CO m o t-- o n Ho n fS ' . rH a OJ cOoN an nvo O VO co ON n ro a o ro a c*- ON O' CO O' ON ~H n P}* a O' a OJ fO n o ON o go o i Ao m *51 CO H 3a pc o o O, o o H" o o IT o o in mo a VO OJ a t rH 3 o 4J > OS I-H Li OJ Oa OJ O' no ON n vO P- CO CVl a mCM CO CO a m CO core ON nrr -l aa *& <o5 a n VO O! n. rH rH o ON o Ov aa a vO no ma o< u~ CD PH O' * n m ON a' pH OJ a vo a O VO a O O N*VO p-ovn VO t-vo noN-H rH N_CO CO ON oj m ono CO pH oj m H"* IT VO on mn an CO ON CO tcr ON iH OJ oN vO 00 IT ON Or-Jt t- OJ oP CO pH OJ oj np. a ON vnO o OJ iT pH 1 O' r- pp co ra 4> y c ti o pH pH OS e c ti CO 3 3 3 a O 3 a to m pH 3y 3 O0 yz (0 raa T3 o CO r"^^H CD pH (0 ti H 03 pH ti H 4J O tiCO o Za rH --- CO CO o CO o o 3 a r.CO 0 Li u ra 0! 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E O 3 M Q> a Li a T3 a a 33 CD O a aa ya 03 UHL Li O oo y ^a 3 a ra L. aCO raajo 3a ti a u y yo a 3a t> to y H y sa 3 aaa y 3 a 3 a aO aoyy 3 aa a aa ti a a a >> JS C 3 3 3 a ti ti 3 EE T3 1 3 y a3C3 aaa > 3 O 0 a rr*-D ^ ay 3 ti cr Cx] -3 y Lp a 0 ti T3 y -O a 3a 3 ti O y a-- c X >i o ya y y hf a ti a y 3a 3 ti y a'O aye 3 ra ti a' 3 tO 3 O 3 0a aaa O a ti 3 ti 3 a3O yoa 3 a3 a3C oy py ay a- y a 3aa a p 3 n3Oy 3 0aa 03 3 ti ON ti C a vO a ti OJ a -o a m pa a p^< ti a o a y Ova 3 S y X ro a y E o y 3 a 3 O Cm s o a n a > O 3 ay X y ro 3a 0X 3 y ti yE a a 0X y ti y y 3a E Ea o 0 yy y 3E3 O oa a 3. y 33 c a ti oa tia V CO tia 3 > o z> o 3 CL ti E O y 3 pH a y z T"* 00 OO o H JyS y0) o auti Ch to 3n ti 3 to y c H 4-> aas V3 y Oc as a) a 033 as JOHNS-MANVILLE CORPORATION STATEMENTS of EARNINGS REINVESTED for the year ended December 31, 1959 The Corporation fSeparately) Balance at beginning of year (including $2,944,566 for F. E. Schundler & Co., Inc., Note l) $16,255,222 Net income for year, per accompanying statement 21.082.987 Deduct, Cash dividends, $2.00 per share (Note 10) 37,338,209 16.684.686 Balance at close of year $20,653,523 The Corporation and its Consolidated Subsidiaries_____ $125,258,440 31,615,989 156,874,429 16,684.686 $140.ISP.743 The accompanying notes are an integral part of the financial statements. F-7- MTC 001815 JOHNS-MANVILLE CORPORATION and its Consolidated Subsidiaries NOTES to FINANCIAL STATEMENTS 1. As of September 22, 1959 in a combination treated as a pooling of interest, Johns-Manville Corporation acquired in exchange for 148,000 shares of its common stock all of the outstanding common stock of F. E. Schundler & Co., Inc. (name subsequently changed to Johns-Manville Perlite Corporation). The accompanying statements of earnings include operations of this affiliate for the full year. The consolidated statements Include the accounts of all subsidiaries in which the Corporation owns, directly or indirectly, securities representing more than 50 per cent of the voting power except the accounts of subsidiaries operating In foreign countries, other than Canada. The subsidiaries included are the same as in 1958 except for t the addition of a newly formed subsidiary, Johns-Manville Products Corporation of Ohio, and the acquisition described in the preceding paragraph. The Corporation's equity in the net assets of the consoli dated subsidiaries exceeded its Investment in such sub sidiaries by $131,678,205. Such excess, less consolidating adjustments of $12,141,985, principally provisions for intercompany profit in inventory and tax on undistributed earnings of Canadian subsidiaries, is credited in consoli dation to earnings reinvested. 2. With respect to the Corporation's consolidated Canadian subsidiaries, assets, liabilities and net income have been translated at par. 3. Inventories, valued at the lower of cost (principally last-in, first-out) or market, were as follows: The Corporation (Separately) The Corporation and Its Consolidated Subsidiaries Beginning of year End of year $139*442 189*134 $39,714,245 41,690,627 4. It is not practicable to determine what portion of the aggre gate amounts receivable from and payable to subsidiaries should be in the current position; therefore, no portion of these items has been so included. 5. 269,369 shares are reserved In connection with the employees' stock purchase plan. This plan, approved in 1958, permits eligible empiwywes to p^'.hase a limited number of shares of the Corporation's common stock at market price prevail ing at time of purchase, to be paid for within ten years. Shares are Issued and held by a trustee as security for unpaid amounts. At December 31* 1959 the trustee held 140,711 shares issued under the plan and a prior plan. Continued 'O MTC 001816 JOHNS-MANVILLE CORPORATION and its Consolidated Subsidiaries NOTES to FINANCIAL STATEMENTS, Continued 188,255 shares are reserved in connection with the incentive stock option plan. This plan, approved by stockholders in 1954, permits key employees, including officers and directors who are full-time employees of the Corporation or its subsidiaries, to purchase shares at the fair market value thereof on the date the option is granted. Options may be exercised only after two years of continuous employ ment by the Corporation or its subsidiaries after the date of the grant of the option. In 1959# options were granted on 54,100 shares at $53 per share. Further information concerning the options is summarized below: Number Option Price of Per Shares Share Total Fair Market Value at Applicable Date Per Share Total Under option at December 31# 1959 Year of grant: 1954 1955 1956(A) 1957 A 1957(A) 1959 25#839 $37-75 $ 975#422 $37.75 $ 975,422 15#800 41.875 661,625 41.875 661,625 1# 492 35.94 53,622 36.25 54,085 4,560 27.82 126,859 28.75 131,100 456 30.32 13,826 29.69 13,539 54,100 53-00 2,867,300 53-00 2,867,300 102,247 $4,698,654 $4,703,071 Exercised in 1959 24,125 $27.82 $ to Became exer- $41,875 CVI CO OJ *8= cisable in 1959 10,010 to $ $35.94 898,875 $50.23 to $57.09 302,155 $41.25 to $51.00 $1,300,609 $ 486,817 (A) Under the terms of the agreement pursuant to which the Corporation acquired the assets of L*0*F Glass Fibers Company, the Corporation delivered to employees of L-0*F-Glass Fibers Company holding options to purchase common shares of L-0*F-Glass Fibers Company; substitute options to purchase shares of the Corporation's common stock on terms substantially as favorable as the L0*F Glass Fibers Company options. 48 such employees held options at December 31# 1958 to purchase an aggregate of 25#031 L*0'F Glass Fibers Company common shares at prices ranging from $11.00 to $14.25 per share and the market price for L-0*F Glass Fibers Company common shares was then approximately >^.0.875 per share. On that date the Corporation delivered to such employees substitute options to purchase, exercisable in 1959# a total of 10,010 shares of its common stock at prices ranging from $27.82 to $35-94 per share. There was no charge to income at the time the options were granted or exercised. Continued F-9 MTC 001817 JOHNS-MANVILLE CORPORATION and its Consolidated Subsidiaries NOTES to FINANCIAL STATEMENTS, Continued 6. Properties and plants and applicable reserves are composed of the following categories: The Corporation (Separately) Assets Reserves The Corporation and its Consolidated Subsidiaries Assets Reserves Land $ 24,063 Mineral land Mine development Timberland Land Improve- ments Buildings 133,203 $ 721,836 Machinery and equipment 1,315,814 Transportation equipment Furniture and 873,239 fixtures 597,243 Unassigned reserves Construction in progress 14,034 $ 2,802,869 10,148,399 $ 2,654,387 3,169,885 9,693,083 2,526,166 1,412,243 71,474 306,082 14,820,684 79,771,164 6,957,065 34,528,672 594,538 179,046,155 202,171 3,498,061 431,300 4,375,420 77,662,984 2,121,128 2,736,912 87,155 3,512,618 7,537,535 117,142 $3,679,432 $1,692,720 $303,799,662 $145,292,930 7- In general, the companies charge depreciation of fixed assets allowed for tax purposes against income. For U- S. compa nies depreciation is computed on the straight-line method based on remaining values and estimated useful life except that beginning in 1954, for U. S. income tax purposes, but not for accounting purposes, sum-of-the-years-digits or declining-balance methods of depreciation were applied to additions and these methods have been continued. The re lated tax savings have been offset by an additional charge for depreciation. For Canadian companies the declining-balance method was used. Also, with respect to certain Canadian assets, additional depreciation equal to amounts computed on the straight-line method was allowable for tax purposes and was availed of. The range of annual depreciation rates within each major classification of depreciable assets, in terms of per centages, is as follows: The Corporation and The Corporation its Consolidated (Separately) Subsidiaries Mine development Land improvements 4 pet to 20 pet Buildings (including appurtenances) 2 pet to 20 pet Machinery and equipment 4-6/11 pet to 20 pet Transportation equipment 20 pet to 33-1/3 pet Furniture and fixtures 6-2/3 pet to 20 pet 30 pet 4 pet to 30 pet 2 pet to 30 pet 4-6/11 pet to 30 pet 20 pet to 33-1/3 pet 6-2/3 pet to 20 pet Continued F-10 MTC 001818 JOHNS-MANVILLE CORPORATION and Its Consolidated Subsidiaries NOTES to FINANCIAL STATEMENTS, Continued The policy with respect to depletion of mineral properties is to provide depletion at rates per ton of mineral removed which should extinguish the carrying value of the mineral properties when the estimated minimum recoverable tons of mineral shall have been mined except at the mine at Asbestos, Quebec, where the rate established In 1944 has not been reduced although the estimate of minimum recover able tons Is now higher. Maintenance and repairs are charged to income as Incurred. Renewals and betterments in general are capitalized. Generally, when fixed assets are retired or otherwise disposed of, the cost of such assets, less salvage,is charged against the reserve for depreciation unless the retirement arises from abnormal obsolescence in which event the loss is charged to income. 8. Guarantees: Under the Retirement Plan of Johns-Manville Corporation and Its subsidiaries, the Corporation guarantees retirement income as determined upon retirement of the participant under the provisions of the Plan. The present worth of annuities being paid to retired employees was approxi mately $12,786,000 at December 31* 1959- The Corporation also guarantees that the amount of salary deductions will be returned to employees (or their bene ficiaries) who die or whose employment Is terminated for any other reason prior to retirement. At December 31j 1959* the balance of contributions made by participants was approximately $22,408,000. Johns-Manville Corporation guarantees the payment of all contractual obligations of its wholly owned consolidated subsidiaries, incurred in the ordinary course of business. 9. Provisions aggregating $5*713,731 were made during 1959 under the Retirement Plan mentioned in Note 8 and under a similar plan operated by the Corporation's consolidated Canadian subsidiaries. Regular employees, after six months of service, are eligible to participate. Retirement is at age 65. Retirement income is provided from trust funds to which both the employees and their respective employers contribute 10. Dividends include payments in lieu of dividends on shares of stock pledged under the employees' stock purchase plan. 11. Sales of the Corporation (separately) represent sales to con solidated subsidiary companies. 12. To conform to a stipulation made by the Securities and Exchange Commission, the reserve for contingencies has been classi fied with capital shares and earnings reinvested. The Corporation believes that this reserve is required in order to reflect, as accurately as possible, contingencies related to the continuing instability of price levels and other economic conditions, and that it is inconsistent therewith to classify it with capital shares and reinvested earnings. F-ll MTC 001819 <t> jO -h cd 3P w m< 6-* WJ &D CJ CO JOHNS-MANVILLE CORPORATION Ci)^QcC O y co o o o 0J O CM o t-- pH otooP o m m ON m O' in 00 fO OJ CM CM rr 0J vO NO m a> J3 c oj Q n2 o <e H CO rOH QPP c co y o ft) p o ON CM CO in in h- in N- in ON ON ON On On On ON ON On On ON On p pH pH pH 0J On On CM tOn O' O 3mO H(BS3,3^<HD > CJ <0 CQ o (0H_> -uuH CO a> cu oig oc 3 cd o cj <O -hO mHfl) 3 oCmMo O t-O O in in o< m 0> m ON m co VO O * CM CM CM VO m NO in & iC\ ON ON ON lA CM f- in ON c*- o ON ON ON ON ON O' On On ON o co f- iH m lT <0 0a3t u cad<-.t my aj y p C W o CO^OZ OOO o o o ViCS-Utf 3 O E2 - (0 o3 Ooo ooo O(1) pH <s -o EC C 3D O Z CQ o oo ooo oo o oo o ooo" ooo ooo ooo o * o NOON o VO NoO ON ON o o ccd 90 * * *3 431 o o * p oo % &2 in pH pH c > * a) CO On *3 cc *c3a *c3d tao* ato cj CJ T33 > E <h cd ai > P cud tt* cd pH O.PH Q. 1 o oo o in La. >c> cad >ccao> CEoJ Eo o >UNoO Sh vo 03 ON cd ON O oauo CO 0 pPOH S*> u303 CD <4d y* 0 Eh ta- 0 co 0 4 > 0) 3 aw <d paH-po0) pcHd p0H3 OO uO 0GQ E 03 E <. pH yC cd pcH &, O pH yc cd pH a e* M 0 Oyt* pH pcHd y u &n 0 0 U 0u pH pcdH ysyEOO Pty pyH w pH cd C-. yc y 0 COCO C0 pH pH p cd cd *3 uy y 3 p *0 wc pCHd ON* pPOH W C <0 Cd *3 uy y3 P *o Hc y <0 pH &. wy CpmH y acd 0 cd pH &. 0 pH apOH 0 a 0 y CQ 3O pPKH> CQ y z 01 d O 00 -r" O O S M OO T" Oo O on c ai u pi (fl 3D n LHh Qj 0) 3 *H > uw o: C0HW< j o h n s m a n v il l e c o r p o r a tio n- SCHEDULE I I I - INVESTMENTS in SECURITIES o f AFFILIATES fo r the ye a r ended December 3I> 1959 o3 o JJ pH cd -- -H Cm n cd o EOm (D pH paH 4J 1 UZOC ' 15 3 C 3 1 o r. h o t s a c- e o a. < HJ 03 c J- 3 <0 O C pH g PH pH pH 5- CC Cd C p qh a a O 0> pH pH <0 0 m C CJ C C _ C3C30 z0 2rno.bapH, g<O CQ cc3o 03 j- u c cd 3 C 'H 5OHH <e a pH tp Q c-p cdC4OJ aCO O tj h0JJ O 0)pH PH -C O: tp C O C C 2 c'(jJ: DhC3o 003 Z CO Cm Jh O Op < bo-o OJ o CQ pH Cm ai CcJ Coh u, o n o n n o rs_ Ho oooOoooo o o mo D o o CM o pH H o m o o CM o CM rH o CO pH rH CO H t*OJ * o o o o oo o in o o O rH o oo CM cm vo o o pH CO mo Ov ^ o o o & o o Hrv in o m OCO X >- o pH CT\ VO o Q vo o mac CM p#1 mm mm m oo mo CM o m o r- iTVO 8 O OO m mo OO O mr- XX VO CM X CT\ m Ot o o Ni O o mi o CM Ov O'X mcvj o pH m m Oo OM pH 1 o^ o pH VO 3 CM X CM ** > % O OO O o o o oo oo oo crs mo oO &f' Oo m f*. o m o m mo m -Ap p- cmo mt-- oco t'-- N- o\ vo VO oco o o o oo o o oo mo CM o oo o oo mo CM o o pH oo o oo mo ocm oo mo OmOo o CM CM*H 3 cc cd *. Cm *3 Cm O OO o. a O c. Cm a. C. Cm oo oo o o c o *3 pH c KW H-> MJ oo o cd o Cm p CQ Cm 33 3 *3 *3 OO } T3 *3 > O O CO CJ oc Cm Cm c- a. O Cm Cm . Om -H Cm Cm cdI 0 Cu pH1 O 3 Q < a> o. 0! OJ OJ j to o a. 4) *1 H C H ; 3 pH pH pH HH CH < 2 pH O pI hh Oh pH pH U "H W pH JH HCH>| pppOHHHJ pOrM. ppHOHHJ HCO OJ -3 > > Cm > > Cd > pH > > O > 63 > 4J > MH W^O C C *H C m c c c c o C 00 c. c C 9} C CoJ HnHj cd cd pH cd O o O 2 CCO pH m u) COm 2Kc C' cd <d co o o o : cgs-jsoCO tfl CO 03 pH EMI <0 C Cd Cm cd Cm z z o S Cm O ' ft) O. Z OZ ai O a CcO c_ 0c3 03 03 C3 Cm 03 Cm C <PM C 4- COCO o2 o o2 o o2 o O2 o O 2020 L, 4-> c O pH o Q. Q. O Cm CD OO o C C3 CO cd rH t, 0J X> pH Eb pH O C C3 *n +3 pH O0 >5 cd cd pH zo Cm e pH p :3 cd C O cd oj a, 3 cd e. s- c C, 2 O c Cm 0J Cd O W C u 0 O rH C a<c o Cm pH 0 3 3 C, -P C "H O OJ 01 OJ 01 3 O pH pH pH c p r, o rH pH "H L. pH CJ HP to pH M-f p OJ pH CO OJ > > > Cm pH c ft) . M Cm W 01 pH C cd o CO Z c zcd cd Z I1 0)o o OJ 03 CO 03 pH C pH 2 --`pH C C C C pH O pH 03 pH 2 -CO pH -H pH >, 0> P -H O O O PM > +H > pH OJ C > 13 3 3 C <0 C Cm CO O C "3 3 cd cd co -o ECO Cm (d 01 Zi OaZ1 cE E ffl C p 0) H S I cd H OJ H C Cd JOHJ hh C Cm m Com a 03 Cm 03 O CJ 3 2 Cm C O C <m C JH C Cd pH (d pH mH O 2 O 2'--"M oo o cd CQ 30 cd o 3 *3 3 O O CO OJ " 2 EH 3 01 4J < pH < pH CO 2 CO CO p-v 0J 0 to pH o cd Cm pH c QJ cd X cd 03 3 z01 CJ pH Cm QJ PM > i 3 -3 H Cd pH pH J pH "tj pH pH J pHpHmH pH 5 >3> -> c CCTOC c Cd pH cd Cd O O pH *Z HH 03 l O I 03 C co C co D o 2C-^pH"2C 3OJ2C OOO 33 3 C Cu Mc r c. p r JOHNS-MANVILLE CORPORATION SCHEDULE IV - INDEBTEDNESS of AFFILIATES - NOT CURRENT for the year ended December 31* 1959 Col. A Name of Affiliate The Corporation (Separately): Due from subsidiaries consolidated: Notes receivable: 8 wholly owned companies T wholly owned companies Accounts receivable: 11 wholly owned companies 11 wholly owned companies Col. B Balance Receivable at Beginning of Period Col. C Balance Receivable at Close of Period 4 78,835*529 452,235,529 28,140,490 24,376,434 4106.976.01Q 476.611.967 F -14 MTC 001822 JOHNS-MANVILLE CORPORATION SCHEDULE V - PROPERTY, PLANT and EQUIPMENT for the year ended December 31* 1959 Col. A Classification The Corporation and its consolidated subsidiaries: Land Mineral land Mine development Timberland and rights Land improvements Buildings Machinery and equipment Transportation equipment Furniture and fixtures Construction in progress Employee housing facilities (included under miscellaneous investments in the balance sheet) Col. F Balance at' Close of Period # 2,802,889 10,148,399 2,654,387 3,169,885 14,820,684 79*771*164 179*046,155 3,498,061 4,375.420 300,287,044 3*512,618 #303*799,662 # 1,488,748 Columns B, C, D and E are omitted inasmuch as total additions during the year (#15*214,093) and total retirements (#3*336,716) were less than 10# of the total closing balance. ?-15 MTC 001823 Ph c MOO ^ Oh *H -P 03 cq a! rH 03 p 3>o T3 Ph 03 03 03 Ph jVC gq 03 a as CO OS Q JOHNS-MANVILLE CORPORATION Z o w Eh W X CL. W Q TS C Eh cG Z W zs O CL, MM E<H 3<>y Mw a W PC tc> CL, (0 w Q eh Z Sh < OX <Lh CL, CO > W >H 0>Z e0Zh WW CO Cl. 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O Q rl rH rH o c s z Eh o a) 3 aS Ph 3 C o X CQ S Eh b 33 o E W 03 o x: Eh JOHNS-MANVILLE CORPORATION SCHEDULE X - INDEBTEDNESS to AFFILIATES - NOT CURRENT for the year ended December 31, 1959 Col. A Name of Affiliate The Corporation (Separately): Accounts payable to subsidiaries consolidated: 4 wholly owned companies 5 wholly owned companies Accounts payable to subsidiaries not consolidated: 1 wholly owned company Col. B Balance Payable at Beginning of Period Col. C Balance Payable at Close of Period $23,197,486 $30,471,551 Ah.m $23,259,285 .61,398 F-17' MTC 001825 > JOHNS-MANVILLE CORPORATION SCHEDULE X I I - RESERVES at g d -1 CQ 4) 3> *0 Em n0) 4) CVO 4E) OuNN o\ Em 03 Cm w o *o 4yC3 DCO O hu 0 O r4n3 0 C4u) cd O ffi VO CO Pas iOnJ OCJ OJ m ON Cm-- < cu OJ as K_ ** <0 o o sO oO <r on CO m n O VO Ol O CO ini O fM in oj vo o l o 31 H tO 03 Ol 8Q i-oH o Co 3Uo 4-E0Em. 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