Expectations for 2003: Financial Highlights (cont.)
EPS increasing in a range between 19% - 21%
Operating cash flow consistent with earnings
Maintaining the debt-to-capital ratio below 30%
Continuing to increase ROE
Generating free cash for share repurchase
- Repurchased 12,869,255 shares at an average price of $25.41 as of August 8, 2003
- Announced additional $200 million in repurchase authorization on August 25, 2003