2004 Recent Developments (cont’d)
Focused on optimizing plant network
- Closed 7 plants YTD in 2004, 1 closure pending
- 8-10 plant closures anticipated in 2004
Strengthening our financial position
- Amended our $3.0 billion bank facility to extend maturity and reduce pricing
- Approximately $1.0 billion available under our bank and securitization facilities at 6/30/04
Increased share repurchase authorization by $200 million