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43
FIVE-YEAR FINANCIAL SUMMARY
14 Quarterly Financial Information (Unaudited)
In millions, except per share amounts First Quarter Second Quarter Third Quarter Fourth Quarter Fiscal Year
2005:
Net sales $ 9,182.2 $ 9,121.6 $ 8,970.4 $ 9,732.0 $ 37,006.2
Gross margin 2,380.8 2,417.4 2,401.0 2,702.0 9,901.2
Operating profit 499.8 477.7 438.9 603.1 2,019.5
Net earnings(2) 289.7 275.9 252.7 406.4 1,224.7
Net earnings per common share, basic(2) 0.35 0.34 0.31 0.49 1.49
Net earnings per common share, diluted(2) 0.34 0.33 0.30 0.48 1.45
Dividends per common share 0.03625 0.03625 0.03625 0.03625 0.1450
Stock price: (New York Stock Exchange)
High 26.89 29.68 31.60 29.30 31.60
Low 22.02 25.02 27.67 23.89 22.02
Registered shareholders at year-end 12,067
2004:
Net sales $ 6,818.6 $ 6,943.1 $ 7,909.4 $ 8,923.2 $ 30,594.3
Gross margin 1,771.7 1,826.5 2,070.8 2,362.2 8,031.2
Operating profit(1) 405.6 387.2 316.0 345.9 1,454.7
Net earnings(2) 244.6 234.5 184.6 255.1 918.8
Net earnings per common share, basic(2) 0.30 0.29 0.23 0.31 1.13
Net earnings per common share, diluted(2) 0.30 0.28 0.22 0.30 1.10
Dividends per common share0.033125 0.033125 0.033125 0.033125 0.1325
Stock price: (New York Stock Exchange)
High 19.26 21.50 22.07 23.67 23.67
Low 16.98 17.85 19.31 20.86 16.98
(1) Operating profit for the fourth quarter and fiscal year 2004 includes the pre-tax effect of a $65.9 million Lease Adjustment. Please see Note 5 for additional information regarding the Lease Adjustment.
(2) Net earnings and net earnings per common share for the fourth quarter and fiscal year 2005 include the after-tax effect of the reversal of $52.6 million of previously recorded tax reserves as discussed in Note 9 above. Net earnings and net earnings per
common share for the fourth quarter and fiscal year 2004 include the after-tax effect of the Lease Adjustment discussed in (1) above, and the reversal of $60.0 million of previously recorded tax reserves as discussed in Note 9 above.