For the years ended December 31,		1997		1996
ASSETS
Current Assets:
Cash and cash equivalents	$	54,237	$	61,422
Accounts receivable—trade		360,831		294,606
Inventories		505,525		474,978
Deferred income taxes		84,024		94,464
Prepaid expenses and other		30,197		60,759
Total current assets		1,034,814		986,229
Property, Plant and Equipment, Net		1,648,237		1,601,895
Intangibles Resulting from Business Acquisitions		551,849		565,962
Other Assets		56,336		30,710
Total assets	$	3,291,236	$	3,184,796
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	146,932	$	134,213
Accrued liabilities		371,545		357,828
Accrued income taxes		19,692		10,254
Short-term debt		232,451		299,469
Current portion of long-term debt		25,095		15,510
Total current liabilities		795,715		817,274
Long-term Debt		1,029,136		655,289
Other Long-term Liabilities		346,500		327,209
Deferred Income Taxes		267,079		224,003
Total liabilities		2,438,430		2,023,775
Stockholders' Equity:
Preferred Stock, shares issued: none in 1997 and 1996		—		—
Common Stock, shares issued: 149,484,964 in 1997 and 149,471,964 in 1996		149,485		149,472
Class B Common Stock, shares issued: 30,465,908 in 1997 and 30,478,908 in 1996		30,465		30,478
Additional paid-in capital		33,852		42,432
Cumulative foreign currency translation adjustments		(42,243)		(32,875)
Unearned ESOP compensation		(28,741)		(31,935)
Retained earnings		1,977,849		1,763,144
Treasury—Common Stock shares, at cost: 37,018,566 in 1997 and 27,009,316 in 1996		(1,267,861)		(759,695)
Total stockholders' equity		852,806		1,161,021
Total liabilities and stockholders' equity	$	3,291,236	$	3,184,796

The Consolidated Financial Statements and Management's Discussion and Analysis are included as an appendix to the corporation's Proxy Statement or can be obtained separately through the Investor Relations contact listed on page 39.