A reconciliation of the total reportable segments’ operating profit to income before income taxes follows: BARNES GROUP INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 18. Commitments and Contingencies Leases Retirement Savings Plan Notes: Operations by Geographic Area Operating profit Interest income Interest expense Other income (expense) Income before income taxes 2000 $ 64.9 1.5 (15.1) (2.7) $ 48.6 2001 $ 41.3 0.9 (16.2) (2.5) $ 23.5 2002 $ 46.4 0.9 (14.8) 0.6 $ 33.1 Revenues 2002 2001 2000 Long-lived assets 2002 2001 2000 $^{$ }$606.6 625.7 580.6 $^{$ }$269.7 266.4 262.4 $ 200.8 172.2 186.3 $ 121.6 107.8 118.2  $  (23.4) (29.1) (26.9) $ — — — $^{$ }$784.0 768.8 740.0 $^{$ }$391.3 374.2 380.6 Domestic International Inter- geographical Total BGI Intergeographical sales are equally distributed between domestic and international. International sales derived from any one country did not exceed 10% of the Company’s total revenues. The Company has various noncancellable operating leases for buildings, office space and equipment. As discussed in Note 9, the Company assumed certain debt related to capital leases  with the acquisition of Spectrum. The balance of this debt at December 31, 2002, was $2,350.  Rent expense was $10,257, $9,942 and $9,127 for 2002, 2001 and 2000, respectively. Minimum rental commitments under noncancellable leases in years 2003 through 2007 are $7,784, $6,816, $5,776, $4,843 and $1,960 and $7,187 thereafter. The Company continues to guarantee a minimum rate of return on certain pre-April 2001 assets of its 401(k) Retirement Savings Plan (the Plan). This guarantee will become a liability for the Company only if, and to the extent that, the value of the related Company stock does not cover the guaranteed asset value when an employee who had invested in the Barnes Group stock investment election or vested in the Company match, which is paid in Barnes Group stock, withdraws from the Plan.  The following table provides a number of hypothetical market values of the Company’s stock compared to the estimated guarantee amounts based on those market values: Stock Price Per Share $^{$ }$25.00 20.00 15.00 10.00 5.00 0.00 Plan Guarantee $ 30 400 4,200 13,100 22,400 33,300 At December 31, 2002, the value of the Company’s guarantee on these assets was approximately $320. PAGE 38 Back to Table of Contents