Consolidated Balance Sheet (Dollars in thousands) June 30, 2001 2000 Assets Current Assets Cash and cash equivalents $ 23,565 $ 68,460 Accounts receivable, less allowance for doubtful accounts (2001 - $11,110; 2000 - $10,420) 922,325 840,040 Inventories (Notes 1 and 6): Finished products 495,704 483,017 Work in process 344,861 344,804 Raw materials 168,299 146,375 1,008,864 974,196 Prepaid expenses 39,486 32,706  Deferred income taxes (Notes 1 and 4) 91,439 73,711 Net assets held for sale (Note 2) 110,683 164,000 Total Current Assets 2,196,362 2,153,113 Plant and equipment (Note 1): Land and land improvements 152,723 138,394 Buildings and building equipment 753,909 642,770 Machinery and equipment 1,975,996 1,825,889 Construction in progress 123,436 107,197 3,006,064 2,714,250 Less accumulated depreciation 1,457,376 1,373,335 1,548,688 1,340,915 Investments and other assets (Note 1) 630,971 574,241 Excess cost of investments over net assets acquired (Note 1) 953,648 570,740 Deferred income taxes (Notes 1 and 4) 7,992 7,290 Total Assets $ 5,337,661  $ 4,646,299 Liabilities and Shareholders’ Equity  Current Liabilities  Notes payable and long-term debt payable within one year (Notes 7 and 8) $ 546,502 $ 335,298 Accounts payable, trade 367,806 372,666 Accrued payrolls and other compensation 173,556 169,837 Accrued domestic and foreign taxes 61,874 84,208 Other accrued liabilities 263,391 224,294 Total Current Liabilities  1,413,129 1,186,303 Long-term debt (Note 8) 857,078 701,762 Pensions and other postretirement benefits (Notes 1 and 9) 318,527 299,741 Deferred income taxes (Notes 1 and 4) 131,708 77,939 Other liabilities 88,304 71,096 Total Liabilities 2,808,746 2,336,841  Shareholders’ Equity  (Note 10) Serial preferred stock, $.50 par value, authorized 3,000,000 shares; none issued Common stock, $.50 par value, authorized 600,000,000 shares; issued 117,409,197 shares in 2001 and 116,602,195 shares in 2000 at par value 58,705 58,301 Additional capital 346,228 328,938 Retained earnings 2,426,496 2,165,625 Unearned compensation related to ESOP (Note 8) (96,398) (110,818) Deferred compensation related to stock options 2,347 1,304 Accumulated other comprehensive (loss) (204,531)  (125,458) 2,532,847  2,317,892 Common stock in treasury at cost; 100,000 shares in 2001 and 214,487 shares in 2000 (3,932) (8,434) Total Shareholders’ Equity 2,528,915 2,309,458 Total Liabilities and Shareholders’ Equity $ 5,337,661  $ 4,646,299 The accompanying notes are an integral part of the financial statements. 21