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48 Emerson 2004
Summarized information about the Company’s operations by business segment and by geographic area follows:
Business Segments
(See Notes 3, 4, 5 and 6)
Sales Earnings Total Assets
2002 2003 2004 2002 2003 2004 2002 2003 2004
Process Management $ 3,396 3,394 3,703 387 388 476 3,506 3,531 3,634
Industrial Automation 2,500 2,600 2,936 297 330 391 2,354 2,422 2,503
Network Power 2,465 2,316 2,692 119 168 297 2,878 2,721 3,234
Climate Technologies 2,389 2,614 2,983 333 386 467 1,876 1,871 1,887
Appliance and Tools 3,437 3,453 3,749 456 479 530 2,393 2,388 2,440
14,187 14,377 16,063 1,592 1,751 2,161 13,007 12,933 13,698
Discontinued operations (a) (76) (41) – 25 12 –
Differences in accounting methods 149 127 126
Corporate and other (b) 57 (245) (225) 1,538 2,261 2,663
Sales eliminations / Interest (363) (378) (448) (233) (231) (210)
Total $13,748 13,958 15,615 1,590 1,414 1,852 14,545 15,194 16,361
(a) Discontinued operations eliminates Dura-Line’s sales and operating losses, which are included in the Network Power segment and the
geographic amounts.
(b) Corporate and other included gains from divestitures of $27, $24 and $231 in 2004, 2003 and 2002, respectively.
Depreciation and
Intersegment Sales Amortization Expense Capital Expenditures
2002 2003 2004 2002 2003 2004 2002 2003 2004
Process Management $ 3 2 3 124 114 117 76 69 75
Industrial Automation 12 15 14 93 97 96 67 55 67
Network Power 14 4 9 81 71 70 33 34 36
Climate Technologies 25 26 32 99 107 120 85 65 94
Appliance and Tools 309 331 390 134 136 141 105 102 108
Corporate and other 10 9 13 18 12 20
Total $363 378 448 541 534 557 384 337 400
Geographic
Sales by Destination Property, Plant and Equipment
2002 2003 2004 2002 2003 2004
United States $ 8,073 7,687 8,262 2,162 1,970 1,880
Europe 2,766 3,169 3,649 489 502 539
Asia 1,563 1,712 2,085 280 297 307
Latin America 525 487 533 130 124 135
Other regions 897 944 1,086 55 69 76
Discontinued operations (a) (76) (41)
Total $13,748 13,958 15,615 3,116 2,962 2,937