Working Capital Metrics

D.S.O. (1) 27 35 (8)

Impact of Off-Balance Sheet Debt 10 1 9

Adjusted D.S.O. (2) 37 36 1

D.I.O. (1) 35 26 9

D.P.O. (1) 44 39 (5)

Working Capital Days(2) 28 23 5

Inventory Turns 10x 14x

Debt/Capitalization Ratio 23% 21%

Adjusted Debt/Capitalization Ratio (2) 44% 23%

Change

Q1 ‘03

Q4 ‘00

(1) DSO = Account Receivable Days of Sales Outstanding, DIO = Days of Inventory Outstanding, DPO = Days of Accounts Payable Outstanding

(2) Including off-balance sheet debt related to accounts receivable financing programs of $910 million in Q4’00 and $72 million in Q1’03.

Quarter-end calculation

1 day of working capital = Approximately $ 60 M based on Q1’03 sales.