NOTES
A. The 1997 earnings include a gain of $16 million after tax, or $.26 per common share, the net result of remediation settlements with insurance carriers during the fourth quarter.
B. The 1996 earnings included a net gain of 6 cents per common share from non-recurring items. This is the net effect of a 15 cent per common share gain related to retroactive tax credits on sales outside of the Unites States and a charge of 9 cents per common share for charges for restructuring operations in Japan, a plant writedown in the United States, a gain from a land sale in Japan, and restructuring costs associated with the AtoHaas joint venture in Europe.
C. Results in 1995 were reduced by a charge of 25 cents per common share for additional potential liability related to the cleanup of the Whitmoyer waste site in Myerstown, Pennsylvania.
D. Earnings in 1993 included charges of 47 cents per common share for remediation of property near the Lipari landfill, 24 cents per common share for cancelling construction of a plastics manufacturing facility in England and 27 cents per common share for the writedown of the imidized plastics production line in Kentucky. Results also included a gain of 16 cents per common share for the sale of Supelco, Inc.
E. Effective January 1, 1993, the company adopted a new accounting standard for postemployment benefits. The cumulative effect of the change as of the adoption date was a charge of 28 cents per common share. The impact on 1993 earnings was an after-tax charge of 1 cent per common share.
F. Results in 1992 included a 56 cents-per-common-share charge for the estimated costs of downsizing a manufacturing site in Philadelphia.
G. Effective January 1, 1992, the company adopted new accounting standards for postretirement benefits and income taxes. The cumulative effect of these accounting changes as of the adoption date was a charge of $2.69 per common share. The impact on 1992 results was an after-tax charge of 11 cents per common share.