June 30,

(In millions, except share data) 2000 1999

ASSETS
Current assets:
Cash and cash equivalents $ 5.1 $ 6.9
Trade accounts receivable, net of allowance
Inventories 425.3 343.0
Deferred tax assets 12.3
Prepaid expenses and other current assets 25.9 12.6

Total current assets 577.8 501.5
Property, plant and equipment, net 341.8 312.5
Deferred tax assets 61.9
Intangibles, net 41.6 43.3
Other assets, net 17.6 14.7

Total assets $ 1,040.7 $ 872.0

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses $ 238.9 $ 267.1
Short-term borrowings 153.5 15.7
Current portion of long-term debt 35.6 31.4

Total current liabilities 428.0 314.2
Long-term debt 443.0 496.3
Other noncurrent liabilities 159.1 179.9

Total liabilities 1,030.1 990.4

Stockholders’ equity (deficit):
Common stock ($0.01 par value per share, shares authorized:
   500,000,000; issued and outstanding: 52,219,792 in 2000
   and 52,171,537 in 1999)
0.5 0.5
Notes receivable from stockholders (0.4) (0.4)
Additional paid-in capital 400.1 399.8
Retained earnings (deficit) (389.6) (518.3)

Total stockholders’ equity (deficit) 10.6 (118.4)

Total liabilities and stockholders’ equity (deficit) $ 1,040.7 $ 872.0



See accompanying Notes to Consolidated Financial Statements.