(Dollars in thousands) Consolidated Statement of Cash Flows For the years ended June 30, 2001 2000 1999 Cash Flows From Operating Activities Net income $ 340,792 $ 368,232 $ 310,501 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 200,270 167,356 164,577 Amortization 64,257 39,052 37,469 Deferred income taxes 32,509 (11,867) 5,718 Foreign currency transaction loss (gain) 4,159 5,082 (2,495) (Gain) loss on sale of plant and equipment (55,914) (5,288) 1,886 Net effect of extraordinary loss 3,378 Changes in assets and liabilities, net of effects from acquisitions and dispositions: Accounts receivable (6,725) (42,386) (31,396) Inventories 7,865 17,248 30,606 Prepaid expenses 4,799 (7,881) 2,069 Assets held for sale 43,069 Other assets (66,376) (53,105) (56,957) Accounts payable, trade (43,697) 21,792 (33,075) Accrued payrolls and other compensation (13,586) 8,021 (21,892)  Accrued domestic and foreign taxes (6,136) 30,124 22,091 Other accrued liabilities (10,444) (7,533) (3,935) Pensions and other postretirement benefits 18,501 3,642 13,258 Other liabilities 15,444 5,551 20,672 Net cash provided by operating activities 532,165 538,040 459,097 Cash Flows From Investing Activities Acquisitions (less cash acquired of $10,143 in 2001, $1,158 in 2000 and $2,609 in 1999) (583,254) (351,011) (89,865) Capital expenditures (334,748) (230,482) (230,122) Proceeds from sale of plant and equipment 90,044 32,051  6,382 Other 8,130 (30,267) 548 Net cash (used in) investing activities (819,828) (579,709) (313,057) Cash Flows From Financing Activities Proceeds from common share activity 15,971 1,202 74,076 Proceeds from (payments of) notes payable, net 197,324 272,440 (228,896) Proceeds from long-term borrowings 304,172 12,600 232,886 (Payments of) long-term borrowings (193,409) (130,419) (152,397) Dividends paid, net of tax benefit of ESOP shares (79,921) (74,963) (69,461) Net cash provided by (used in) financing activities 244,137 80,860 (143,792) Effect of exchange rate changes on cash (1,369) (4,008) 541 Net (decrease) increase in cash and cash equivalents (44,895) 35,183 2,789 Cash and cash equivalents at beginning of year 68,460 33,277 30,488 Cash and cash equivalents at end of year $ 23,565 $ 68,460 $ 33,277 Supplemental Data: Cash paid during the year for: Interest, net of capitalized interest $ 84,183 $ 56,341 $ 62,997 Income taxes 183,546 167,211 129,893 Non-cash investing activities: Stock issued for acquisitions 184,263 Non-cash financing activities: Capital lease obligations 7,346 ESOP debt guarantee 112,000 The accompanying notes are an integral part of the financial statements. 23