Contents Financial Summary 18 .......................................................................................................................................................................................................................................................... Management’s Discussion and Analysis of Financial Condition and Results of Operations 19 .......................................................................................................................................................................................................................................................... Reports of Management and Independent Registered Public Accounting Firm 45 .......................................................................................................................................................................................................................................................... Consolidated Financial Statements 47 .......................................................................................................................................................................................................................................................... Notes to Consolidated Financial Statements 1 Basis of Presentation and Reclassifications 51 .......................................................................................................................................................................................................................................................... 2 Summary of Significant Accounting Policies 51 .......................................................................................................................................................................................................................................................... 3 Acquisitions and Divestitures 55 .......................................................................................................................................................................................................................................................... 4 Restructuring, Impairment, and Other Exit Costs 56 .......................................................................................................................................................................................................................................................... 5 Investments in Joint Ventures 58 .......................................................................................................................................................................................................................................................... 6 Goodwill and Other Intangible Assets 58 .......................................................................................................................................................................................................................................................... 7 Financial Instruments, Risk Management Activities and Fair Values 59 .......................................................................................................................................................................................................................................................... 8 Debt 64 .......................................................................................................................................................................................................................................................... 9 Noncontrolling Interests 65 .......................................................................................................................................................................................................................................................... 10 Stockholders’ Equity 65 .......................................................................................................................................................................................................................................................... 11 Stock Plans 67 .......................................................................................................................................................................................................................................................... 12 Earnings per Share 70 .......................................................................................................................................................................................................................................................... 13 Retirement and Postemployment Benefits 71 .......................................................................................................................................................................................................................................................... 14 Income Taxes 77 .......................................................................................................................................................................................................................................................... 15 Leases and Other Commitments 80 .......................................................................................................................................................................................................................................................... 16 Business Segment and Geographic Information 81 .......................................................................................................................................................................................................................................................... 17 Supplemental Information 82 .......................................................................................................................................................................................................................................................... 18 Quarterly Data 84 .......................................................................................................................................................................................................................................................... Glossary 85 .......................................................................................................................................................................................................................................................... Reconciliation of Non-GAAP Measures 87 .......................................................................................................................................................................................................................................................... Total Return to Stockholders 90 Annual Report 2010 17 Financial Review