Notes
8
|
Supplemental Financial Information |
Other (Expense) Income, Net
Other expense, net in 2003 totaled $2,860 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 $18,576. 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-down of assets held for sale and asset abandonments of $14,149. These charges were partially offset by foreign exchange gains of $15,596, net of hedging costs.
Other expense, net in 2001 included foreign exchange losses of $8,762, including net hedging costs, and write-downs of investments to market value of $6,401.
Trade Receivables
Allowances for doubtful accounts and cash discounts netted against trade receivables were $47,160 and $38,019 at September 30, 2003 and 2002, respectively.
| Inventories |
|
|
|
|
2003 |
|
|
2002 |
|
 |
| Materials |
|
|
|
$ |
129,958 |
|
$ |
137,688 |
|
| Work in process |
|
|
|
|
145,500 |
|
|
132,051 |
|
| Finished products |
|
|
|
|
519,556 |
|
|
416,480 |
|
 |
| |
|
|
|
$ |
795,014 |
|
$ |
686,219 |
|
 |
| |
|
|
|
|
|
|
|
|
|
| Property, Plant and Equipment |
|
|
|
|
2003 |
|
|
2002 |
|
 |
| Land |
|
|
|
$ |
62,442 |
|
$ |
61,756 |
|
| Buildings |
|
|
|
|
1,135,177 |
|
|
1,071,799 |
|
 |
| Machinery, equipment and fixtures |
|
|
|
|
2,636,475 |
|
|
2,430,456 |
|
 |
| Leasehold improvements |
|
|
|
|
71,061 |
|
|
57,350 |
|
 |
| |
|
|
|
|
3,905,155 |
|
|
3,621,361 |
|
| Less allowances for depreciation |
|
|
|
|
|
|
|
|
|
| and amortization |
|
|
|
|
2,060,384 |
|
|
1,855,631 |
|
 |
| |
|
|
|
$ |
1,844,771 |
|
$ |
1,765,730 |
|
 |
| |
|
|
|
|
|
|
|
|
|
Supplemental Cash Flow Information Noncash investing activities for the years ended September 30: |
| |
|
|
|
|
|
|
|
|
|
| |
|
2003 |
|
|
2002 |
|
|
2001 |
|
 |
| Stock issued for business acquisitions |
$ |
97 |
|
$ |
241 |
|
$ |
243 |
|
|