|
Thousands of dollars, except per-share amounts and numbers of shares
| 8 |
Supplemental Financial Information Other (Expense) Income, Net |
Other expense, net in 2004 totaled $4,792 which included write downs and losses on certain investments of $6,951. These amounts were partially offset by gains on the sale of certain investments of $1,293.
Other expense, net in 2003 totaled $2,725 which included write downs of certain investments of $3,030 and the write-off of intangible assets of $1,841. These charges were partially offset by foreign exchange gains of $1,875 (net of hedging costs).
Other expense, net in 2002 included net losses on investments of $18,552. Included in these charges was a $9,725 loss on an equity investment in a publicly traded company. This investment had been trading below its original cost basis of $15,350 since the end of January 2002. As a result, the Company had deemed this decline in value as being other than temporary and had written down this investment to its fair value as of September 30, 2002. Other expense, net in 2002 also included write downs of assets held for sale and asset abandonments of $14,149. These charges were partially offset by foreign exchange gains of $15,576, net of hedging costs.
Trade Receivables
Allowances for doubtful accounts and cash discounts netted against trade receivables were $52,361 and $46,993 at September 30, 2004 and 2003, respectively.
| Inventories |
|
2004 |
|
|
2003 |
|
 |
| Materials |
$ |
96,020 |
|
$ |
108,810 |
|
| Work in process |
|
132,841 |
|
|
147,688 |
|
| Finished products |
|
509,917 |
|
|
519,722 |
|
 |
| |
$ |
738,778 |
|
$ |
776,220 |
|
 |
|
| Property, Plant and Equipment |
|
2004 |
|
|
2003 |
|
 |
| Land |
$ |
62,039 |
|
$ |
62,442 |
|
| Buildings |
|
1,162,327 |
|
|
1,135,177 |
|
| Machinery, equipment and fixtures |
|
2,811,679 |
|
|
2,622,249 |
|
| Leasehold improvements |
|
68,177 |
|
|
60,672 |
|
 |
| |
|
4,104,222 |
|
|
3,880,540 |
|
| Less allowances for depreciation |
|
|
|
|
|
|
| and amortization |
|
2,223,225 |
|
|
2,048,749 |
|
 |
| |
$ |
1,880,997 |
|
$ |
1,831,791 |
|
 |
| |
|
2004 |
|
2003 |
|
2002 |
|
 |
| Stock issued for business acquisitions |
$ |
2 |
|
$ |
97 |
|
$ |
241 |
|
 |
|