6
CMC Overview
January 2008
Conservative Accounting
nFast Depreciation
Rates
nNo Significant
Post-Retirement Benefits
nHigh Correlation
Between Hedging Strategy and Underlying
Assets
nNo Speculation or
Position Taking
nNo Esoteric
Financial Instruments
nVery Cautionary Bad
Debt Reserves / Use of Credit
Insurance
nLIFO Inventory
Valuation
nInvestment Grade
Long-Term Debt and Commercial
Paper