Continuous Investment in Operational Improvement

($ in millions)

Total 1999 1998 1997 1996 1995

Capital

Expenditures 584 130 126 122 114 92

R&D 556 139 131 107 94 85

• Not “capital intensive”.

• Continuous productivity improvement and growth is first investment priority.

• New product development introduction to enhance market penetration.

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