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48 | 2011 Emerson
Other liabilities are summarized as follows:
2010 2011
Deferred income taxes $ 762 764
Pension plans 612 736
Postretirement plans, excluding current portion 380 361
Other 702 660
Total $2,456 2,521
Other operating cash flow is comprised of the following:
2009 2010 2011
Pension expense $ 94 132 145
Stock compensation expense 54 217 121
(Gain) Loss on sale of businesses, net of tax – (167) (25)
Other 123 15 38
Total $271 197 279
(18) Quarterly Financial Information (Unaudited)
first second third fourth full
Quarter Quarter Quarter Quarter year
2010 2011 2010 2011 2010 2011 2010 2011 2010 2011
Net sales $4,828 5,535 4,953 5,854 5,417 6,288 5,841 6,545 21,039 24,222
Gross profit $1,868 2,163 1,963 2,306 2,164 2,498 2,331 2,590 8,326 9,557
Earnings from continuing
operations common stockholders
$ 417 480 408 556 581 683 572 735 1,978 2,454
Net earnings common
stockholders $ 425 480 405 556 585 683 749 761 2,164 2,480
Earnings per common share
from continuing operations:
Basic $ 0.55 0.63 0.54 0.74 0.77 0.91 0.76 0.98 2.62 3.26
Diluted $ 0.55 0.63 0.54 0.73 0.76 0.90 0.75 0.98 2.60 3.24
Net earnings
per common share:
Basic $ 0.56 0.63 0.54 0.74 0.78 0.91 0.99 1.02 2.87 3.29
Diluted $ 0.56 0.63 0.53 0.73 0.77 0.90 0.98 1.01 2.84 3.27
Dividends per common share $0.335 0.345 0.335 0.345 0.335 0.345 0.335 0.345 1.34 1.38
Common stock prices:
High $43.71 58.74 51.10 62.24 53.73 61.29 53.82 58.47 53.82 62.24
Low $37.45 52.12 41.22 55.86 42.69 50.84 42.73 41.31 37.45 41.31
Earnings per share are computed independently each period; as a result, the quarterly amounts may not sum to the
calculated annual figure. Results include discontinued operations, see Note 3.
Emerson Electric Co. common stock (symbol EMR) is listed on the New York Stock Exchange and the Chicago
Stock Exchange.