Table of Contents

Financial Highlights New Business Groups Letter to Shareowners Executive Council Performance Polymers High-Value Acrylic Technology All Paints Are Not Created Equal Focus on Asia-Pacific Region Electronic Materials Focus on the Future Polishing to Perfection Chemical Specialties Extensive Expertise High-Tech Crop Protection Corporate Responsibility Directors and Officers

Management Discussion and Analysis Results of Operations Summary of Consolidated Results Liquidity, Capital Resources and Other Financial Data Market Risk Discussion Quarterly Results of Operations Consolidated Financial Statements Summary of Significant Accounting Policies Statements of Consolidated Earnings Statements of Consolidated Cash Flows Consolidated Balance Sheets Statements of Consolidated Stockholders' Equity Notes to Consolidated Financial Statements Notes 1 through 4 Notes 5 through 6 Notes 7 through 13 Notes 14 through 21 Report on Financial Statements Report of Independent Accountants Eleven-Year Summary of Selected Financial Data (Unaudited) Notes To 11-Year Summary Shareholder Information An Adobe Acrobat pdf version of this report is also available