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(1) |
Operating income includes the following special charges and credits:
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1999 — |
$47 million: reversal of a portion of the 1998 special charges.
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1998 — |
$959 million: asset related charges ($491 million), personnel reductions ($234 million), facility consolidations ($124 million), merger transaction costs ($64 million), and other related costs ($46 million).
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1997 — |
$11 million: merger costs ($9 million), write-downs on impaired assets and early retirement incentives ($10 million), losses from the sale of assets ($12 million), and gain on extension of joint venture ($42 million).
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1996 — |
$86 million: merger costs ($13 million), restructuring, merger and severance costs ($62 million), and write-off of acquired in-process research and development costs ($11 million).
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1995 — |
$8 million: restructuring costs ($5 million) and write-off of acquired in-process research and development costs ($3 million).
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1994 — |
$19 million: merger costs ($27 million), litigation ($10 million), and litigation and insurance recoveries ($18 million).
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1993 — |
$419 million: loss on sale of business ($322 million), merger costs ($31 million), restructuring ($5 million), litigation ($65 million), and gain on curtailment of medical plan ($4 million).
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1992 — |
$294 million: merger costs ($273 million) and restructuring and severance ($21 million).
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(2) |
Nonoperating income in 1994 includes a gain of $276 million from the sale of an interest in Western Atlas International, Inc. and a gain of $102 million from the sale of our natural gas compression business.
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(3) |
Provision for income taxes in 1996 includes tax benefits of $44 million due to the recognition of net operating loss carryforwards and the settlement of various issues with the Internal Revenue Service.
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(4) |
Includes employees of Dresser Equipment Group which is accounted for as discontinued operations for the years 1992 through 2000.
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(5) |
Does not include employees of 50% or less owned affiliated companies.
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