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Financial Statements

Consolidated Statements of Income
Consolidated Statements of Comprehensive Income
Consolidated Balance Sheets
Consolidated Statements of Cash Flows


Consolidated Statements of Income
Years Ended September 30
Thousands of dollars, except per-share amounts
 2002 2001 2000
Operations
Revenues
$ 4,033,069 $ 3,746,182 $ 3,618,334
Cost of products sold 2,083,669 1,913,292 1,848,332
Selling and administrative expense 1,032,043 983,296 973,902
Research and development expense 220,186 211,834 223,782
Special charges 21,508 - 57,514
 
Total Operating Costs and Expenses
3,357,406 3,108,422 3,103,530
 
Operating Income
675,663 637,760 514,804
 
Interest expense, net
(33,304) (55,414) (74,197)
Other (expense) income, net (13,770) (5,596)) 79,327
 
Income Before Income Taxes and Cumulative
   Effect of Change in Accounting Principle
628,589 576,750 519,934
 
Income tax provision
148,607 138,348 127,037
 
Income Before Cumulative Effect of Change in Accounting Principle
479,982 438,402 392,897
 
Cumulative effect of change in accounting principle, net of tax
- (36,750) -
 
Net Income
$ 479,982 $ 401,652 $ 392,897
 
Basic Earnings Per Share

Before Cumulative Effect of Change in Accounting Principle
$ 1.85 $ 1.69 $ 1.54
Cumulative effect of change in accounting principle, net of tax - (0.14) -
Basic Earnings Per Share $ 1.85 $ 1.55 $ 1.54
 
Diluted Earnings Per Share

Before Cumulative Effect of Change in Accounting Principle
      $ 1.79       $ 1.63       $ 1.49
Cumulative effect of change in accounting principle, net of tax - (0.14) -
Diluted Earnings Per Share $ 1.79 $ 1.49 $ 1.49

See Notes to Consolidated Financial Statements

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