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SHIPPER TH^BENDirCOltPOR^iaN FRICTION MATERIALS DIVISION 'TROY, NEW YORK CLEVELAND, TENN.
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THE BENDIX CORPORATION :sev-i?
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|t'FM2'S 5V, r2A'' THE BENDIX GORPORATION FRICflON MATERIALS DfVISION TROY, NEWVORICCLEVELANO, -T 1 I ' 'sold',.' ; | r 10 : AUTOLITEHFC^b PTS D2V FORDM7H rPO adx 2003 LXVOH1A Hi 4aisi - SH5VEDIO.
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reorganization, moratorium or other laws relating to or af fecting the rights and remedies of creditors generally and to general principles of equity (regardless of whether a proceed ing is brought in equity or at law).
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Historically, Kirsch was part of the Tools & Hardware segment Effective with the decision to divest this operation, its results were segregated from the continuing Tools & Hardware segment for mtemal management reporting 2001 Segment Operating Earnings Excluding Nonrecurring Charges vs 2000 Segment operating earnings decreased 26% to $505 6 million from $682 7 million m 2000 Excluding the impact of recent acquisitions, segment earnings decreased 27% from the prior year Electrical Products segment operating earnings declmed 25% to $437 0 million from $585 0 million in 2000 Excludmg the incremental effect of acquisitions, segment operating earnings were down 27% compared to the prior year The reduction m operatmg earnings reflects lower sales volume, competitive market conditions and manufacturing inefficiencies resulting from adjustmg production levels to match demand As a result, return on revenues was 12 5% m 2001 compared with 16 0% in 2000 Excludmg recent acquisitions, the return on revenues was 12 9% m 2001 compared with 16 0% in 2000 The Tools & Hardware segment operating earnings were $68 6 million compared to $97 7 million m 2000 Segment earnings for 2001 were impacted by lower revenues and related manufacturing inefficiencies Return on revenues was 9 5% m 2001 compared to 12 2% in 2000 2000 vs 1999 Segment Operating Earnings Excluding Nonrecurring Charges Segment operating earnings grew 11% to $682 7 million in 2000 compared to $614 6 million m 1999 Excluding the impact of acquisitions, segment earnings in 2000 were up 1% over 1999 The Electrical Products segment operatmg earnings rose 13% to $585 0 million from $516 7 million for 1999 Excludmg acquisitions, segment earnings were up 1% compared to 1999 The earnings increase was driven mainly by strong demand for circuit protection products from telecommunications and electronic markets and productivity improvements across most busmess units This mcrease was partially offset by the slower demand for hazardous duty construction materials Excludmg acquisitions, return on revenues for the Electrical Products segment was 17 0% m 2000 compared with 16 9% m 1999, reflecting Cooper's continued focus on cost reduction and efficiency improvements The Tools & Hardware segment operatmg earnings were $97 7 million compared to $97 9 million m 1999 Acquisitions contnbuted 2% to operatmg earnings in 2000 compared to 1999 Earnings for 2000 were impacted by shghtly lower revenues and expenses related to plant consolidations and other rationalization activities Excludmg acquisitions, return on revenues was 12 1% m 2000 as Cooper contmued to rationalize its Tools & Hardware operations Nonrecurring Charges During the fourth quarter of 2001, Cooper committed to the consolidation or closure of certain Electrical Products segment facilities and recorded a provision for severance and other related costs of these announced actions of $7 1 million In addition, the Company concluded during 2001 that various Electrical Products segment assets comprising $8 5 million of net book value provided no future benefit to Cooper and were therefore fully impaired Also during the 2001 fourth quarter, Cooper recorded a charge of $8 4 million to provide for the costs of assimilation of certain separate product lmes rendered partially duplicative as a result of previous Electrical Products segment business acquisition activities The 2001 fourth quarter nonrecurring charge for the Electrical Products segment totals $24 0 million During the fourth quarter of 2001, Cooper recorded a General Corporate nonrecurring charge of $50 1 million Cooper concluded that the net book values of certain software, hardware and other technology investments were impaired, m consideration of ongomg refinement and development of Company information and technology systems capabilities Also during the 2001 fourth quarter, Cooper provided for the costs associated with performing the Company's review of strategic alternatives 15
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30081 REQUEST FOR SHIPPER customer; ORDER AND DATS SOLD TO SC-003^ Our.---'.
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elOvk Page 74 of 84 Table of Contents COOPER INDUSTRIES, LTD.
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INTERROGATORY NO. 10: (a) Identify each and every lay witness who will testify at trial and the subjects as to which each such lay witness will testify; (b) Pursuant to Rule 26, identify each and every independent expert witness, who will testify at trial and the subjects on which each such witness will testify and the opinions you expect to elicit from each such witness; (c) Pursuant to Rule 26, for each and every controlled expert who will testify at trial, and for each such witness: (i) state the subject matter on which the expert is expected to testify; (ii) state the conclusions and opinions of the witness and the bases therefore, including, but not limited to, identifying each and every treatise, article or text upon which such expert will rely in testifying; (iii) state the qualifications of such witness; (iv) identify any and all reports prepared by the witness, including drafts thereof, referring to and/or relating to this case.
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in one prior asbestos related law suit, as a preraises defendant in 2006.
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Honeywell Generic Material Safety Data Sheet Friction Materials Containing Asbestos 1.
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RICHARD D.
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Perfluorochemicals (PFCs) are a class of man-made chemicals.
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