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Fresh Del Monte Produce Inc.

Investor Relations

August 2016
Forward-Looking Statements

This presentation contains certain forward-looking statements regarding the intent,


beliefs or current expectations of the Company or its officers with respect to the
Company’s plans and future performance. These forward-looking statements are based
on information currently available to the Company and the Company assumes no
obligation to update these statements. It is important to note that these forward-looking
statements are not guarantees of future performance and involve risks and uncertainties.
All forward-looking statements in this presentation are based on information available to
the Company on the date hereof, and the Company assumes no obligation to update any
such forward-looking statements. The Company’s plans and performance may also be
affected by the factors described in Item 1A. – “Risk Factors” in Fresh Del Monte Produce
Inc.’s Annual Report on Form 10-K for the year ended January 1, 2016 along with other
reports that the Company has on file with the Securities and Exchange Commission.

2
Agenda

• Fresh Del Monte At A Glance


• Strengths We Are Building On
• Strategic Direction
• Financial Overview

3
One of the world’s leading vertically-integrated producers, distributors and marketers of
fresh and fresh-cut fruit and vegetables as well as a leading producer and distributor of
prepared fruit and vegetables, juices, beverages, snacks and desserts in Europe, Africa, the
Middle East and countries formerly part of the Soviet Union.

Europe and
North America Africa
Asia Pacific

Middle East and


Colombia, Ecuador, North Africa
Central America and
Brazil
South America

47,000 Employees 13 Owned / 6 Chartered Vessels

39 Worldwide Distribution Centers / 16 Fresh-Cut Operations 4


Fresh Del Monte At A Glance
● 1892 - Del Monte® brand established
● 1989 - Fresh business separated from canned
● 1996 - Del Monte Fresh Produce acquired by current management; 1997 IPO NYSE
● 1996 - Introduced the first new pineapple variety in more than 15 years; the Del
Monte Gold® Extra Sweet Pineapple
● 1999 - Expanded “value-added” to include fresh-cut fruit and vegetables
● 2004 - Acquired Del Monte Foods Europe
● 2008 - Acquired Caribana, substantially increasing Del Monte® branded banana and
Del Monte Gold® pineapple production in Costa Rica
● 2013 and 2014 - Acquired tomato agricultural production land in Florida and Virginia
● 2013 and 2014 - Acquired additional production land in Costa Rica and Nicaragua
and expanded Philippine banana production
● 2014 - Launched a protein line in our Dallas facility and rolled out protein salads and
snack offerings that include fresh fruit and vegetables
● 2014 - Del Monte Fresh Produce opened its first distribution center and fresh-cut
facility in Canada
● 2016 – Acquired blueberry farm in Chile
5
Fresh Del Monte At A Glance – Experienced and Results Oriented
Global Leadership Team
Name Title Years at FDP
Mohammad Abu-Ghazaleh Chairman and CEO 19

Hani EI-Naffy President and COO 19

Richard Contreras Senior VP and CFO 17

Bruce A. Jordan Senior VP – General Counsel and Secretary 13


Senior VP – North America Sales, Marketing and
Emanuel Lazopoulos 13
Product Management
Paul Rice Senior VP – North America Operations 28
Senior VP – CECAB (Colombia, Ecuador, Central
José Antonio Yock 34
America and Brazil)
Marissa R. Tenazas Senior VP – Human Resources 19
VP – Corporate Research & Development and
Hans Sauter 28
Agricultural Services
Sergio Mancilla Vice President – South America 19

Youssef Zakharia Vice President – Europe and Africa 16

Mohammad Abbas Vice President – MENA (Middle East & North Africa) 9

Hector Rivera Vice President – Asia Pacific 4

6
Fresh Del Monte At A Glance - Continually Evolving Company
Then Now

Product Range More than 100


Commodity Producer
products

Sourcing
Limited Global basis

Truckload shipments,
Truckload shipments Delivery System Just in Time (“JIT”),
Direct Store Delivery (“DSD”)
2 Distribution Centers Global DC’s &
(“DC’s”) Fresh-Cut Operations (“FCO’s”)

Logistics
Owned & chartered vessels
Chartered vessels

Retailers, Club Stores,


Predominantly retailers Convenience, Petro
Customers Stations,
& wholesalers
Quick Serve Chains,
Foodservice 7
Fresh Del Monte At A Glance – Then and Now
Expanded Products Platform
Net Sales by Product
1996 2015
3% 1%
4% 4% Prepared Food
2%
6% 9% Other Fruit, Products &
Services
7%
Bananas
15% Other
Melons 12% Gold Pineapple

Pineapples
Fresh-Cut Products
Bananas
14% 46% Non-Tropical Fruit
75%
Avocados

Melons

Net Global Sales of $1.2 Billion Net Global Sales of $4.1 Billion
Bananas 75% Other Fresh 21% Other 4% Bananas 46% Other Fresh 45% Prepared Food 4%
8
Fresh Del Monte At A Glance – Then and Now
International Expansion
Net Sales by Region
1996 2015

Asia
11% Asia
13%
Europe Europe
18%
49% Other 55% Middle East & North
Africa
35%
North Other
America 14%
North America

2%
3%
Net Global Sales of $1.2 Billion Net Global Sales of $4.1 Billion
North America $2,236.1 / Europe $736.1 / Middle East $554.3 / Asia $434.5
in Millions 9
Strengths We Are Building On
Looking Into The Future
“By 2050, demand for food will rise 70 per cent yet our capacity to increase food
production is declining.”
Source: Oxfam International, June 1, 2011
“We will need to double irrigation by 2050 to grow enough food to meet demand of
an estimated population of 9 billion people”
Source: WWF (http://wwf.panda.org/what_we_do/how_we_work/conservation/freshwater/)

CONCLUSION
“Land is scarce and will become scarcer as the world has to double food output to
satisfy increased demand by 2050. With limited land and water resources, this will
automatically lead to increased valuations of productive land.”
Source: Joachin von Braun, International Food Policy Research Institute

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Looking Into The Future

Global Population Farm Acreage Per Capita


5.0
9,500 9,017
5.0
8,499
9,000 4.5

8,500 7,868 4.0


3.5
Millions

8,000 3.0
7,130
7,500 2.5 1.8
7,000 2.0
1.5 0.6
6,500
1.0
6,000 0.5
2013 2023 2033 2043 0.0
1900 1994 2050
Source: The United Nations (2010)
Source: Food, Land, Population, and the US Economy – Cornell
University / Instituto of Nazionale della Nutrizione (1994)

12
Strengths We Are Building On – Industry Leader
Leader and Pioneer in Consumer and Industry Trends

We were the:
● FIRST to introduce premium gold pineapple
● FIRST to complete national distribution network
● FIRST to launch national fresh-cut fruit
● FIRST to achieve GlobalG.A.P.

ONLY true multi-national fruit company


13
Most Innovative Fresh Produce Company
Focus on R&D with Cutting-Edge, State-of-Art Facilities

Introduction of Del Monte Gold® Extra Sweet Pineapple

Source: USDA- 2013 Fruit and Fruit and Tree Nut Yearbook

14
Strengths We Are Building On – Leading Market Positions
#1 Marketer of fresh pineapples worldwide

#3 Marketer of bananas worldwide

#1 Marketer of fresh-cut fruit in the U.S., Japan, U.K., UAE and Saudi Arabia

A leading marketer of branded avocados in the U.S.

A leading marketer of branded grapes in the U.S.

A leading marketer of branded canned pineapple and canned fruit


in European markets and the Middle East

A leading marketer of bananas, pineapples, deciduous fruit and vegetables in


the Middle East

A leading marketer of poultry and meat products in Jordan


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Strengths We Are Building On - The Del Monte® Brand
High Brand Recognition
‒ One of the most widely recognized food brands worldwide with over 90%
awareness
‒ Hold leadership positions across several categories
‒ Enhances premium pricing potential
‒ One of the 2 top of mind brands when consumers are asked to remember a fresh
produce brand

Broad Appeal
‒ Transferability of brand to new products and new categories
‒ Ease of entry into new markets
‒ Greater acceptance at a lower cost of entry

Health & Wellness


‒ No artificial ingredients
‒ Better-for-you attributes
‒ Toddlers to retirees 16
Strengths We Are Building On – Production and Sourcing
In 2015 - 45% of Our Fresh Produce was Grown on Company-Controlled Farms

Europe
• Fresh & Fresh-cut fruit
North America and vegetables
• Fresh & Fresh-cut fruit • Prepared Food
and vegetables
• Prepared Food
• Protein salads & snacks

Mexico Asia
Sourcing • Bananas
• Avocados • Pineapples
• Vegetables • Fresh-cut fruit
• Non-tropicals
Colombia, Middle East & North Africa
Ecuador, Central • Fresh & Fresh-cut fruit and
America & Brazil vegetables
Sourcing • Prepared Food
• Bananas • Poultry & Meat
• Pineapples
• Melons
• Mangos
• Plantains
• IQF
• Coconuts South
• Greenhouse: America Africa
Tomatoes, Bell Sourcing Sourcing
Peppers, • Avocados • Bananas
Cucumbers and • Non-tropical • Pineapples
Other Vegetables • Berries • Prepared Food

100,000 Acres Under Production 17


Strengths We Are Building On – Quality & Safety
Our Commitment to Best in Class Quality Assurance and Food Safety Systems
To demonstrate compliance with international regulations and standards on environmental
protection, food safety and social accountability, our farms and our facilities are certified by one or
more of the following standards:
• Global GAP • Rainforest Alliance
• ISO 14001 and ISO 9001 • PrimusGFS
• SCS Sustainably Grown • FSSC / ISO 22000
• OHSAS 18001 • SQF

• Certifications carried out by external and internal parties are conducted


on a regular basis
• On-going training in all areas of quality and safety
• Trained quality control professionals – Chemistry, Microbiology and
Agricultural Services

18
Strengths We Are Building On – Unmatched Scale and Scope
A Key Differentiator - Quality Control, Lower More Stable Costs and Value-Added Services

19
Our Growth Strategy
Growth Strategy – Investing For Long-Term Growth

• Leverage existing infrastructure


• Expand geographic presence
• Enter new distribution channels
• Grow our existing product lines
• Add new product lines to our portfolio

21
Strategy In Action – Grow Existing Products
Example: Del Monte® North America Fresh-Cut Growth
$400

$350
in Millions
Net Sales

$300

$250

$200

$150
2008 2009 2010 2011 2012 2013 2014 2015

22
Strategy In Action – Large Market Opportunity
• Desire for convenience
CONSUMERS

• Pre-washed and pre-packaged


• Healthy and on-the-go
• Ready-to-eat/use

• Premeasured and customized


FOOD SERVICE

packaging
• Health and wellness
• Food safety

23
Strategy In Action – Fresh-Cut Products
Trends Play to Our Strengths

 Stringent food safety standards


 Grow most of our own raw material
 Cold chain control
 Value-added services
 Reliable year-round deliveries
 Complete infrastructure

24
Strategy In Action – Grow Existing Products
Example: Del Monte® North America Avocado Growth
$200

$150
in Millions
Net Sales

$100

$50

$0
2008 2009 2010 2011 2012 2013 2014 2015

25
Strategy In Action – New Products
More Value to Customers, Leverage Our Infrastructure and Leverage Our Brand

North America Europe & Africa Middle East Asia


• Fresh-cut vegetables • Fresh-cut products • Fresh vegetables • Fresh-cut products
• UHP avocados • Juice varieties • Fresh juices
• Protein salads and • Fruit Express • Canned juices
snacks • Ice Lollies • Frozen vegetables
• Field grown • Prepared sauces and • Frozen french fries
tomatoes meal • Frozen meat
replacements products
• Squeezies • Chocolate covered
• Canned Gold fruit
Pineapple • Hummus
• Beans
• Olives
• Olive oil
• Canned tuna
• Catering services

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Strategy In Action – New Products and Packaging

27
Strategy In Action – North America

28
Strategy In Action – Europe

29
Strategy In Action – Middle East and North Africa

30
Strategy In Action – Asia

31
Strategy In Action – New Growth Markets
Expanding Global Footprint

North America Europe & Africa Middle East


• Canada – Distribution center, • France – Distribution center with • Dubai – Market Stores,
fresh-cut and protein salad and ripening facility and Fresh-Cut vending machines and fresh prep
snacks production facility center kitchen facility
• Texas – Protein salad and snack • Kenya – Can manufacturing • Saudi Arabia – Canned juice
production facility line, fresh, frozen and PET juice operations, frozen food
• Florida and Virginia – Field production lines, mango and production lines and catering
grown tomatoes bean production, premium facility
canned pineapple • Turkey, Iraq, Russia and Ukraine
– Sales and marketing
• Jordan, Turkey and Saudi Arabia
Colombia, Ecuador, – Vegetable farms
Asia Central America and Brazil South America
• Japan – Two fresh-cut facilities • Costa Rica – Additional pineapple • Chile – New packaging technology
• Korea – Distribution center and production
fresh-cut facility • Costa Rica – Juice processing
plant
• Chile – Additional blueberry
production

32
Strategy In Action – Continue to Build Relationships, Grow Sales

Retailers

Foodservice

Casual Dining
& Quick Serve

Warehouse &
Club Stores

Convenience
Stores
33
Strategy In Action – Leveraging Infrastructure
Maximizing Revenues From Our Existing Infrastructure to Increase Volume and Reduce Costs

Maximize logistics utilization


‒ Refrigerated vessels, containers and trucks
‒ Originally banana infrastructure
‒ Higher-margin products essentially ride for free

Maximize agricultural land


‒ Increase our production versus independent growers

Maximize distribution centers, fresh-cut and protein facilities


‒ Streamline operations and further leverage our sales capabilities

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Strategy In Action – Leveraging Infrastructure

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Financial Performance – Bananas

in Millions

Full Year 2nd Quarter


2011 2012 2013 2014 2015 2015 2016
Price / Box $ 14.22 $ 14.14 $ 14.52 $14.80 $ 14.33 $15.06 $ 15.30
Net Sales $ 1,653 $ 1,545 $ 1,693 $1,805 $ 1,868 $ 514 $ 497
Gross Profit* $ 86 $ 90 $ 62 $ 109 $ 77 $ 45 $ 67
Gross Profit Margin 5% 6% 4% 6% 4% 9% 13%

* Excludes asset impairment & other charges.

36
Financial Performance – Other Fresh Produce

in Millions

Full Year 2nd Quarter


2011 2012 2013 2014 2015 2015 2016
Net Sales $1,582 $1,545 $ 1,639 $ 1,745 $ 1,826 $ 524 $ 497
Pineapples $ 529 $ 513 $ 510 $ 577 $ 525 $ 151 $ 123
Fresh-Cut $ 354 $ 391 $ 408 $ 381 $ 467 $ 124 $ 135
Non-Tropical $ 265 $ 264 $ 296 $ 284 $ 271 $ 93 $ 86
Avocados $ 69 $ 68 $ 99 $ 130 $ 175 $ 50 $ 58
Gross Profit* $ 178 $ 207 $ 194 $ 211 $ 209 $ 55 $ 60
Gross Profit Margin 11% 13% 12% 12% 11% 10% 12%

* Excludes asset impairment & other charges.

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Financial Performance – Prepared Food

in Millions

Full Year 2nd Quarter


2011 2012 2013 2014 2015 2015 2016
Sales $ 355 $ 332 $ 353 $ 378 $ 363 $ 97 $ 94
Gross Profit* $ 54 $ 46 $ 35 $ 45 $ 57 $ 15 $ 19
Gross Profit Margin 15% 14% 10% 12% 16% 15% 20%

* Excludes asset impairment & other charges.

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SELECTED FINANCIAL HIGHLIGHTS
Financial Performance – Summary Data

in Millions
Full Year 2nd Quarter
2011 2012 2013 2014 2015 2015 2016
Net Sales $ 3,590 $ 3,421 $ 3,684 $ 3,928 $ 4,057 $ 1,134 $ 1,089
Gross Profit $ 320 $ 342 $ 290 $ 365 $ 342 $ 114 $ 145
% margin 9% 10% 8% 9% 8% 10% 13%
Operating Income $ 116 $ 161 $ (28) $ 174 $ 91 $ 74 $ 107
Net Income $ 93 $ 143 $ (34) $ 142 $ 62 $ 64 $ 96
EPS - GAAP $ 1.56 $ 2.46 $ (0.61) $ 2.53 $ 1.17 $ 1.21 $ 1.86
EPS Adjusted* $ 1.82 $ 2.54 $ 1.57 $ 2.74 $ 2.45 $ 1.18 $ 1.75

Full Year 2nd Quarter


2011 2012 2013 2014 2015 2015 2016
Operating Cash Flow $ 196 $ 173 $ 109 $ 231 $ 231 $ 180 $ 269
Capital Expenditures $ 79 $ 80 $ 160 $ 149 $ 132 $ 53 $ 67
Total Debt $ 216 $ 126 $ 251 $ 267 $ 254 $ 209 $ 192

* Excludes asset impairment & other charges.

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Financial Performance – Earnings Per Diluted Share

$2.74
$2.54 $2.45
$1.82 $1.75
$1.57
$1.18

2011 2012 2013 2014 2015 2015 2016


6 Months

Excludes asset impairment and other charges.

41
Financial Performance – Adjusted EBITDA

$232 $244
$219
$192 $178
$119
$88

2011 2012 2013 2014 2015 2015 2016


6 Months

Excludes asset impairment and other charges.

42
Financial Performance – Operating Cash Flow

in Millions

$269
$231 $231
$197 $180
$173
$109

2011 2012 2013 2014 2015 2015 2016


6 Months

43
Financial Performance – Debt and Cap-Ex
We Have Continued Investing in Diversification and
Expansion Without Adding Significant Debt

in Millions
 $582 million spent under stock repurchase
program between 2010 and Q2 2016

Debt  Dividend Policy


$251
$267 $254 • Quarterly cash dividend of $0.15 per
$216 ordinary share

$126

Cap-Ex $160
$149
$132
2011 2012 2013 2014 2015
$79 $80
$67
$53

2011 2012 2013 2014 2015 2015 2016


6 Months 44
Investment Highlights
Strong Foundation Built on Diversification

• Clear growth strategy – outstanding execution and momentum


• Positioned like no one else – vertically integrated and innovative
• Respected – global “mega” brand that speaks to health and
wellness, and quality and convenience
• Global player
• Commitment to long-term value

ULTIMATE health & wellness company


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APPENDIX
Appendix – Income Statement
in M illions

Full Year 2nd Quarter


2011 2012 2013 2014 2015 2015 2016
Net Sales $ 3,590 $ 3,421 $ 3,684 $ 3,928 $ 4,056 $ 1,134 $ 1,089
Cost of Sales 3,272 3,079 3,392 3,562 3,714 1,020 943
Restructuring and Other Charges (1) 1 2 1 - - -
Gross Profit 320 342 290 365 342 114 145
% Margin 9% 10% 8% 9% 8% 10% 13%
SG & A 190 177 176 176 184 42 45
Gain (Loss) on Sale of Assets 3 - (5) (4) 2 1 9
Asset Impairment & Other Chgs. 16 3 137 11 70 (1) 3
Operating Income 116 161 (28) 174 91 74 107
% Margin 3% 5% -1% 4% 2% 6% 10%
Interest Expense (6) (2) (2) (3) (4) (1) (1)
Other, Net (12) (4) 13 (14) (11) (2) (1)
Tax (Expense) Benefit (6) (12) (17) (14) (14) (6) (9)
Net Income $ 93 $ 143 $ (34) $ 142 $ 62 $ 65 $ 96
% Margin 3% 4% -1% 4% 2% 6% 9%

EPS - GAAP $ 1.56 $ 2.46 $ (0.61) $ 2.53 $ 1.17 $ 1.21 $ 1.86


EPS Adjusted * $ 1.82 $ 2.54 $ 1.57 $ 2.74 $ 2.45 $ 1.18 $ 1.75

* Excludes asset impairment & other charges.


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Appendix – Income Statement - Non-GAAP Measures
Quarter Ended
July 1, June 26,
2016 2015
Non-GAAP Measures (per share):
Reported net income - Diluted $ 1.86 $ 1.21
Asset impairment and other charges (credits), net (1) $ 0.06 $ (0.01)
Gain on sale of assets (2) $ (0.17) $ (0.02)
Comparable net income - Diluted $ 1.75 $ 1.18

1. Asset impairment and other charges (credits), net, for the quarter and six months ended July 1, 2016 included impairment
charges in Asia and Central America. Asset impairment and other charges (credits), net, for six months ended June 26,
2015 related principally to damages resulting from unfavorable weather conditions in Chile. Additionally, asset impairment
and other charges (credits), net for the quarter ended June 26, 2015 included a credit due to litigation settlement.

2. Gain on disposal of property, plant and equipment, net for the quarter and six months ended July 1, 2016 included gain on
sale of assets comprised of $8.9 million related to the sale of surplus lands in Central and South America. Gain on disposal
of property, plant and equipment, net included gain on sale of assets of $1.3 million for the quarter ended June 26, 2015
and $2.4 million for the six months ended June 26, 2015 principally related to the sale of refrigerated vessels.

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Appendix – Non-GAAP Measures
The Company's results are determined in accordance with U.S. generally accepted accounting principles (GAAP). Some of the
information presented in this press release reflects adjustments to GAAP measures such as amounts related to restructuring,
asset impairment charges, gain on sales of assets and certain other special items, if any. Management believes these
adjustments provide a more comparable analysis of the ongoing operating performance of the business. These adjustments
result in non-GAAP financial measures and are referred to in this press release as comparable operating income, comparable
net income and comparable net income per share. Because all companies do not use identical calculations, our presentation
of these non-GAAP financial measures may not be comparable to similarly titled measures used by other companies.

Comparable operating income and comparable net income provide us with an understanding of the results from the primary
operations of our business. We use comparable operating income and comparable net income to evaluate our period-over-
period operating performance because management believes they provide more comparable measures of our continuing
business as they adjust for special items that are not reflective of the normal earnings of our business. These measures may
be useful to an investor in evaluating the underlying operating performance of our business because these measures:

1. Are used by investors to measure a company's comparable operating performance;


2. Are financial measurements that are used by lenders and other parties to evaluate creditworthiness; and
3. Are used by our management for various purposes, including as measures of performance of our operating entities and as
a basis of strategic planning and forecasting.

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Appendix – Cash Flow
in M illions

Full Year 6 Months


2011 2012 2013 2014 2015 2015 2016

Net Income* $ 95 $ 145 $ (34) $ 145 $ 66 $ 110 $ 179


Non-Cash Charges 91 73 210 93 150 39 41
Working Capital 10 (45) (70) (7) 14 30 49

Operating Cash Flow 196 173 109 231 231 179 269

Capital Expenditures (79) (80) (160) (149) (132) (53) (67)


Acquisitions/Disposals 5 10 (10) (11) 7 6 (40)
Changes in Debt (81) (88) 127 16 (19) (59) (66)
Dividends (18) (23) (28) (28) (26) (13) (13)
Share Repurchase (50) (13) (95) (131) (117) (85) (69)
Equity Securities - (3) 8 - - - -
Proceeds From Share Issuance - - - - - - -
Proceeds from Stock Options 23 10 44 49 35 20 4
Other, Net 2 7 8 15 12 5 -

Net Change in Cash $ (2) $ (7) $ 3 $ (8) $ (9) $ - $ 18

* Excludes noncontrolling interest.


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Appendix – Balance Sheet
in M illions

Full Year 6 Months


2011 2012 2013 2014 2015 2015 2016
ASSET S
Cash & Short T erm Investments $ 47 $ 40 $ 43 $ 34 $ 25 $ 34 $ 43
Accounts Receivable 355 354 398 414 417 460 414
Inventory & Other 490 532 575 593 544 529 465
CURRENT ASSET S 892 926 1,016 1,041 986 1,023 922
Property, Plant & Equipment 1,023 1,025 1,101 1,170 1,215 1,181 1,248
All Other Assets 589 583 472 464 395 466 415
T OT AL ASSET S $ 2,504 $ 2,533 $ 2,589 $ 2,675 $ 2,596 $ 2,670 $ 2,584

LIABILIT IES
Current Liabilities $ 370 $ 362 $ 383 $ 409 $ 382 $ 411 $ 356
Long T erm Debt 213 124 249 265 253 207 192
Other Liabilities 206 216 207 213 211 216 227
T OT AL LIABILIT IES 789 702 838 887 845 834 775
SHAREHOLDER'S EQUIT Y 1,715 1,831 1,751 1,788 1,751 1,836 1,809
LIAB. & SHAREHOLDER'S EQUIT Y $ 2,504 $ 2,533 $ 2,589 $ 2,675 $ 2,596 $ 2,670 $ 2,584

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