Monsanto 8-K Financial statements and exhibits

Exhibit 99.1

Key Financial Data — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2003		FY03			FY03		FY03			FY03			FY03
		9 months			4th Qtr		3rd Qtr			2nd Qtr			1st Qtr
		9/1/02 - 5/31/03			6/1/03 - 8/31/03		3/1/03 - 5/31/03			12/1/02 - 2/28/03			9/1/02 - 11/30/02
Financial Summary
Net Sales		$	3,629		$	—	$	1,470		$	1,301		$	858
Net Income (Loss)			256			—		174			100			(18	)
Diluted Earnings (Loss) per Share		$	0.98		$	—	$	0.67		$	0.38		$	(0.07	)
Sales by Segment Summary
Total seeds and genomics		$	1,647		$	—	$	615		$	655		$	377
Roundup and other glyphosate-based agricultural herbicides			1,096			—		463			373			260
All other agricultural productivity products			886			—		392			273			221
Total agricultural productivity			1,982			—		855			646			481
Total Net Sales		$	3,629		$	—	$	1,470		$	1,301		$	858
Reconciliation of Earnings Before Interest and Taxes (EBIT)
	Seed and Genomics Segment EBIT	$	328		$	—	$	139		$	146		$	43
	Agricultural Productivity Segment EBIT		137			—		137			55			(55	)
	Total Company EBIT		465			—		276			201			(12	)
	Net Interest Expense		52			—		18			19			15
	Income Tax Expense (Benefit)		145			—		84			70			(9	)
	Income (Loss) Before Cumulative Effect of Accounting Change	$	268		$	—	$	174		$	112		$	(18	)
Depreciation and Amortization Summary
	Seed and Genomics Segment Depreciation	$	72		$	—	$	24		$	24		$	24
	Agricultural Productivity Segment Depreciation		174			—		58			58			58
	Total Company Depreciation	$	246		$	—	$	82		$	82		$	82
	Seed and Genomics Segment Amortization	$	89		$	—	$	31		$	32		$	26
	Agricultural Productivity Segment Amortization		2			—		—			1			1
	Total Company Amortization	$	91		$	—	$	31		$	33		$	27
	Total Company Depreciation and Amortization	$	337		$	—	$	113		$	115		$	109
Reconciliation of Free Cash Flow
Net Cash Provided (Required) by Operations		$	551		$	—	$	(249	)	$	71		$	729
Net Cash Provided (Required) by Investing Activities			(191	)		—		195			(318	)		(68	)
Free Cash Flow *		$	360		$	—	$	(54	)	$	(247	)	$	661

*     Sum of cash flows from operations and investing activities

Key Financial Data — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2003			FY03		FY03		FY03			FY03		FY03
			9 months		4th Qtr		3rd Qtr			2nd Qtr		1st Qtr
			9/1/02 - 5/31/03		6/1/03 - 8/31/03		3/1/03 - 5/31/03			12/1/02 - 2/28/03		9/1/02 - 11/30/02
Net Sales by Geography**
	North America		$	2,306	$	—	$	984		$	840	$	482
	Latin America			570		—		170			190		210
	Europe — Africa			546		—		230			196		120
	Asia — Pacific			207		—		86			75		46
	Total Company		$	3,629	$	—	$	1,470		$	1,301	$	858
Net Trade Receivables by Geography**
United States			$	1,676	$	—	$	1,676		$	1,056	$	893
Argentina				272		—		272			300		290
Brazil				207		—		207			219		199
All Other Countries				713		—		713			434		396
Total Company			$	2,868	$	—	$	2,868		$	2,009	$	1,778
Gross Profit by Segment Summary
Total seeds and genomics			$	980	$	—	$	363		$	396	$	221
Roundup and other glyphosate-based agricultural herbicides				362		—		170			134		58
All other agricultural productivity products				384		—		193			114		77
Total agricultural productivity				746		—		363			248		135
	Total Gross Profit		$	1,726	$	—	$	726		$	644	$	356
Roundup Branded Sales Volume Detail (Millions of Gallons)
		United States		19		—		9			6		4
		Ex-United States		40		—		17	��		12		11
Total branded sales volume				59		—		26			18		15
Roundup Branded Average Net Sales Price Per Gallon				Full Year Crop Year 2003
	United States		$	—
	Ex-United States		$	—

**     Attributed to relevant Monsanto legal entities. For example, a sale from the United States to a customer in Latin America is reported as a U.S. export sale.

Key Financial Data — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2002		FY02			FY02			FY02		FY02			FY02
		Full Year			4th Qtr			3rd Qtr		2nd Qtr			1st Qtr
		9/1/01 - 8/31/02			6/1/02 - 8/31/02			3/1/02 - 5/31/02		12/1/01 - 2/28/02			9/1/01 - 11/30/01
Financial Summary
Net Sales		$	4,940		$	1,190		$	1,328	$	1,359		$	1,063
Net Income (Loss)			(1,756	)		(27	)		88		(1,816	)		(1	)
Diluted Earnings (Loss) per Share		$	(6.67	)	$	(0.10	)	$	0.33	$	(6.90	)	$	—
Sales by Segment Summary
Total seeds and genomics		$	1,560		$	72		$	469	$	627		$	392
Roundup and other glyphosate-based agricultural herbicides			2,107			774			454		429			450
All other agricultural productivity products			1,273			344			405		303			221
Total agricultural productivity			3,380			1,118			859		732			671
Total Net Sales		$	4,940		$	1,190		$	1,328	$	1,359		$	1,063
Reconciliation of Earnings Before Interest and Taxes (EBIT)												��
	Seed and Genomics Segment EBIT	$	(302	)	$	(328	)	$	52	$	33		$	(59	)
	Agricultural Productivity Segment EBIT		439			292			96		(7	)		58
	Total Company EBIT		137			(36	)		148		26			(1	)
	Net Interest Expense		54			11			16		23			4
	Income Tax Expense (Benefit)		17			(20	)		44		(3	)		(4	)
	Income (Loss) Before Cumulative Effect of Accounting Change	$	66		$	(27	)	$	88	$	6		$	(1	)
Depreciation and Amortization Summary
	Seed and Genomics Segment Depreciation	$	93		$	23		$	25	$	24		$	21
	Agricultural Productivity Segment Depreciation		228			58			60		60			50
	Total Company Depreciation	$	321		$	81		$	85	$	84		$	71
	Seed and Genomics Segment Amortization	$	164		$	36		$	32	$	34		$	62
	Agricultural Productivity Segment Amortization		5			1			1		2			1
	Total Company Amortization	$	169		$	37		$	33	$	36		$	63
	Total Company Depreciation and Amortization	$	490		$	118		$	118	$	120		$	134
Reconciliation of Free Cash Flow
Net Cash Provided (Required) by Operations		$	855
Net Cash Provided (Required) by Investing Activities			(274	)
Free Cash Flow *		$	581

*     Sum of cash flows from operations and investing activities

Key Financial Data — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2002			FY02		FY02			FY02		FY02		FY02
			Full Year		4th Qtr			3rd Qtr		2nd Qtr		1st Qtr
			9/1/01 - 8/31/02		6/1/02 - 8/31/02			3/1/02 - 5/31/02		12/1/01 - 2/28/02		9/1/01 - 11/30/01
Net Sales by Geography**
	North America		$	3,227	$	877		$	947	$	886	$	517
	Latin America			757		102			99		203		353
	Europe — Africa			593		133			173		175		112
	Asia — Pacific			363		78			109		95		81
	Total Company		$	4,940	$	1,190		$	1,328	$	1,359	$	1,063
Net Trade Receivables by Geography**
United States			$	1,350
Argentina				284
Brazil				251
All Other Countries				566
Total Company			$	2,451
Gross Profit by Segment Summary
Total seeds and genomics			$	753	$	(38	)	$	261	$	347	$	183
Roundup and other glyphosate-based agricultural herbicides				994		447			195		164		188
All other agricultural productivity products				498		135			190		99		74
Total agricultural productivity				1,492		582			385		263		262
	Total Gross Profit		$	2,245	$	544		$	646	$	610	$	445
Roundup Branded Sales Volume Detail (Millions of Gallons)
		United States		42		20			8		7		7
		Ex-United States		66		16			16		16		18
Total branded sales volume				108		36			24		23		25
Roundup Branded Average Net Sales Price Per Gallon				Crop Year 2002		Calendar Year 2002
	United States		$	24	$	23
	Ex-United States		$	13	$	12

**     Attributed to relevant Monsanto legal entities. For example, a sale from the United States to a customer in Latin America is reported as a U.S. export sale.

Key Financial Data — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2001		FY01			FY01			FY01		FY01			FY01
		Full Year			4th Qtr			3rd Qtr		2nd Qtr			1st Qtr
		9/1/00 - 8/31/01			6/1/01 - 8/31/01			3/1/01 - 5/31/01		12/1/00 - 2/28/01			9/1/00 - 11/30/00
Financial Summary
Net Sales		$	5,333		$	1,524		$	1,588	$	1,273		$	948
Net Income (Loss)			300			186			160		27			(73	)
Diluted Earnings (Loss) per Share		$	1.15		$	0.70		$	0.61	$	0.10		$	(0.28	)
Sales by Segment Summary
Total seeds and genomics		$	1,504		$	305		$	472	$	480		$	247
Roundup and other glyphosate-based agricultural herbicides			2,507			906			633		497			471
All other agricultural productivity products			1,322			313			483		296			230
Total agricultural productivity			3,829			1,219			1,116		793			701
Total Net Sales		$	5,333		$	1,524		$	1,588	$	1,273		$	948
Reconciliation of Earnings Before Interest and Taxes (EBIT)
	Seed and Genomics Segment EBIT	$	(423	)	$	(126	)	$	2	$	(92	)	$	(207	)
	Agricultural Productivity Segment EBIT		977			439			278		157			103
	Total Company EBIT		554			313			280		65			(104	)
	Net Interest Expense		67			17			22		20			8
	Income Tax Expense (Benefit)		187			110			98		18			(39	)
	Income (Loss) Before Cumulative Effect of Accounting Change	$	300		$	186		$	160	$	27		$	(73	)
Depreciation and Amortization Summary
	Seed and Genomics Segment Depreciation	$	86		$	23		$	21	$	23		$	19
	Agricultural Productivity Segment Depreciation		207			56			50		56			45
	Total Company Depreciation	$	293		$	79		$	71	$	79		$	64
	Seed and Genomics Segment Amortization	$	241		$	61		$	58	$	63		$	59
	Agricultural Productivity Segment Amortization		5			1			1		2			1
	Total Company Amortization	$	246		$	62		$	59	$	65		$	60
	Total Company Depreciation and Amortization	$	539		$	141		$	130	$	144		$	124
Reconciliation of Free Cash Flow
Net Cash Provided (Required) by Operations		$	740
Net Cash Provided (Required) by Investing Activities			(665	)
Free Cash Flow *		$	75

*     Sum of cash flows from operations and investing activities

Key Financial Data — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2001			FY01		FY01		FY01		FY01		FY01
			Full Year		4th Qtr		3rd Qtr		2nd Qtr		1st Qtr
			9/1/00 - 8/31/01		6/1/01 - 8/31/01		3/1/01 - 5/31/01		12/1/00 - 2/28/01		9/1/00 - 11/30/00
Net Sales by Geography**
	North America		$	3,318	$	972	$	1,222	$	702	$	422
	Latin America			1,017		347		43		278		349
	Europe — Africa			622		129		211		173		109
	Asia — Pacific			376		76		112		120		68
	Total Company		$	5,333	$	1,524	$	1,588	$	1,273	$	948
Net Trade Receivables by Geography**
United States			$	1,698
Argentina				380
Brazil				293
All Other Countries				619
Total Company			$	2,990
Gross Profit by Segment Summary
Total seeds and genomics			$	684	$	148	$	278	$	177	$	81
Roundup and other glyphosate-based agricultural herbicides				1,304		548		322		223		211
All other agricultural productivity products				579		134		241		120		84
Total agricultural productivity				1,883		682		563		343		295
	Total Gross Profit		$	2,567	$	830	$	841	$	520	$	376
Roundup Branded Sales Volume Detail (Millions of Gallons)
		United States		43		20		13		5		5
		Ex-United States		78		19		19		20		20
Total branded sales volume				121		39		32		25		25
	Roundup Branded Average Net Sales Price Per Gallon			Crop Year 2001		Calendar Year 2001
		United States	$	27	$	26
		Ex-United States	$	13	$	13

**     Attributed to relevant Monsanto legal entities. For example, a sale from the United States to a customer in Latin America is reported as a U.S. export sale.

Income Statements — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2003		FY03			FY03		FY03		FY03			FY03
		9 months			4th Qtr		3rd Qtr		2nd Qtr			1st Qtr
		9/1/02 - 5/31/03			6/1/03 - 8/31/03		3/1/03 - 5/31/03		12/1/02 - 2/28/03			9/1/02 - 11/30/02
Net Sales		$	3,629		$	—	$	1,470	$	1,301		$	858
Cost of Goods Sold			1,903			—		744		657			502
Gross Profit			1,726			—		726		644			356
Operating Expenses:
Selling, General and Administrative Expenses			764			—		301		244			219
Bad-Debt Expense			39			—		5		13			21
Research and Development Expenses			379			—		123		135			121
Amortization and Adjustments of Goodwill			—			—		—		—			—
Restructuring Charges — Net			39			—		—		31			8
	Total Operating Expenses		1,221			—		429		423			369
Income (Loss) from Operations			505			—		297		221			(13	)
Interest Expense — Net			52			—		18		19			15
Other Expense (Income) — Net			40			—		21		20			(1	)
Income (Loss) Before Taxes and Cumulative Effect of Acct Change			413			—		258		182			(27	)
Income Tax Expense (Benefit)			145			—		84		70			(9	)
Income (Loss) Before Cumulative Effect of Accounting Change			268			—		174		112			(18	)
Cumulative Effect of Accounting Change — Net of Tax			(12	)		—		—		(12	)		—
Net Income (Loss)		$	256		$	—	$	174	$	100		$	(18	)
Earnings Before Interest and Taxes (EBIT)*		$	465		$	—	$	276	$	201		$	(12	)
EPS — Basic (Net Income (Loss) before Accounting Change)		$	1.03		$	—	$	0.67	$	0.43		$	(0.07	)
EPS — Basic (Cumulative Effect of Accounting Change — Net of tax)		$	(0.05	)	$	—	$	—	$	(0.05	)	$	—
EPS — Basic (Net Income (Loss))		$	0.98		$	—	$	0.67	$	0.38		$	(0.07	)
EPS — Diluted (Net Income (Loss) before Accounting Change)		$	1.03		$	—	$	0.67	$	0.43		$	(0.07	)
EPS — Diluted (Cumulative Effect of Accounting Change — Net of tax)		$	(0.05	)	$	—	$	—	$	(0.05	)	$	—
EPS — Diluted (Net Income (Loss))		$	0.98		$	—	$	0.67	$	0.38		$	(0.07	)
Shares Outstanding:
Basic Shares			261.4			—		261.4		261.4			261.4
Diluted Shares			261.5			—		261.7		261.4			261.4

*     A reconciliation of earnings before interest and taxes (EBIT) is provided in the Key Financial Data worksheet.

Income Statements — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2002		FY02			FY02			FY02			FY02			FY02
		Full Year			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
		9/1/01 - 8/31/02			6/1/02 - 8/31/02			3/1/02 - 5/31/02			12/1/01 - 2/28/02			9/1/01 - 11/30/01
Net Sales		$	4,940		$	1,190		$	1,328		$	1,359		$	1,063
Cost of Goods Sold			2,695			646			682			749			618
Gross Profit			2,245			544			646			610			445
Operating Expenses:
Selling, General and Administrative Expenses			1,057			221			312			263			261
Bad-Debt Expense			185			173			2			3			7
Research and Development Expenses			546			134			135			132			145
Amortization and Adjustments of Goodwill			41			—			—			9			32
Restructuring Charges — Net			132			64			(1	)		61			8
	Total Operating Expenses		1,961			592			448			468			453
Income (Loss) from Operations			284			(48	)		198			142			(8	)
Interest Expense — Net			54			11			16			23			4
Other Expense (Income) — Net			147			(12	)		50			116			(7	)
Income (Loss) Before Taxes and Cumulative Effect of Acct Change			83			(47	)		132			3			(5	)
Income Tax Expense (Benefit)			17			(20	)		44			(3	)		(4	)
Income (Loss) Before Cumulative Effect of Accounting Change			66			(27	)		88			6			(1	)
Cumulative Effect of Accounting Change — Net of Tax			(1,822	)		—			—			(1,822	)		—
Net Income (Loss)		$	(1,756	)	$	(27	)	$	88		$	(1,816	)	$	(1	)
Earnings Before Interest and Taxes (EBIT)*		$	137		$	(36	)	$	148		$	26		$	(1	)
EPS — Basic (Net Income (Loss) before Accounting Change)		$	0.25		$	(0.10	)	$	0.34		$	0.02		$	—
EPS — Basic (Cumulative Effect of Accounting Change — Net of tax)		$	(7.02	)	$	—		$	—		$	(7.06	)	$	—
EPS — Basic (Net Income (Loss))		$	(6.77	)	$	(0.10	)	$	0.34		$	(7.04	)	$	—
EPS — Diluted (Net Income (Loss) before Accounting Change)		$	0.25		$	(0.10	)	$	0.33		$	0.02		$	—
EPS — Diluted (Cumulative Effect of Accounting Change — Net of tax)		$	(6.92	)	$	—		$	—		$	(6.92	)	$	—
EPS — Diluted (Net Income (Loss))		$	(6.67	)	$	(0.10	)	$	0.33		$	(6.90	)	$	—
Shares Outstanding:
Basic Shares			259.6			261.3			260.7			258.1			258.1
Diluted Shares			263.3			261.8			264.8			263.2			263.6

*     A reconciliation of earnings before interest and taxes (EBIT) is provided in the Key Financial Data worksheet.

Income Statements — Crop Year Basis

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2001		FY01		FY01		FY01		FY01			FY01
		Full Year		4th Qtr		3rd Qtr		2nd Qtr			1st Qtr
		9/1/00 - 8/31/01		6/1/01 - 8/31/01		3/1/01 - 5/31/01		12/1/00 - 2/28/01			9/1/00 - 11/30/00
Net Sales		$	5,333	$	1,524	$	1,588	$	1,273		$	948
Cost of Goods Sold			2,766		694		747		753			572
Gross Profit			2,567		830		841		520			376
Operating Expenses:
Selling, General and Administrative Expenses			1,166		299		352		267			248
Bad-Debt Expense			12		7		2		—			3
Research and Development Expenses			560		135		143		143			139
Amortization and Adjustments of Goodwill			125		30		30		35			30
Restructuring Charges — Net			111		32		20		16			43
	Total Operating Expenses		1,974		503		547		461			463
Income (Loss) from Operations			593		327		294		59			(87	)
Interest Expense — Net			67		17		22		20			8
Other Expense (Income) — Net			39		14		14		(6	)		17
Income (Loss) Before Taxes and Cumulative Effect of Acct Change			487		296		258		45			(112	)
Income Tax Expense (Benefit)			187		110		98		18			(39	)
Income (Loss) Before Cumulative Effect of Accounting Change			300		186		160		27			(73	)
Cumulative Effect of Accounting Change — Net of Tax			—		—		—		—			—
Net Income (Loss)		$	300	$	186	$	160	$	27		$	(73	)
Earnings Before Interest and Taxes (EBIT)*		$	554	$	313	$	280	$	65		$	(104	)
EPS — Basic (Net Income (Loss) before Accounting Change)		$	1.16	$	0.72	$	0.62	$	0.10		$	(0.28	)
EPS — Basic (Cumulative Effect of Accounting Change — Net of tax)		$	—	$	—	$	—	$	—		$	—
EPS — Basic (Net Income (Loss))		$	1.16	$	0.72	$	0.62	$	0.10		$	(0.28	)
EPS — Diluted (Net Income (Loss) before Accounting Change)		$	1.15	$	0.70	$	0.61	$	0.10		$	(0.28	)
EPS — Diluted (Cumulative Effect of Accounting Change — Net of tax)		$	—	$	—	$	—	$	—		$	—
EPS — Diluted (Net Income (Loss))		$	1.15	$	0.70	$	0.61	$	0.10		$	(0.28	)
Shares Outstanding:
Basic Shares			258.1		258.1		258.1		258.0			258.0
Diluted Shares			262.2		263.8		263.7		258.8			262.3

*     A reconciliation of earnings before interest and taxes (EBIT) is provided in the Key Financial Data worksheet.

Items Included in Reported Earnings

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2003	FY03			FY03		FY03		FY03			FY03
	9 months			4th Qtr		3rd Qtr		2nd Qtr			1st Qtr
	9/1/02 - 5/31/03			6/1/03 - 8/31/03		3/1/03 - 5/31/03		12/1/02 - 2/28/03			9/1/02 - 11/30/02
Items Included in Reported Earnings PRETAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—	$	—	$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	(19	)	$	—	$	—	$	(19	)	$	—
Argentine bad-debt reserve	$	—		$	—	$	—	$	—		$	—
Japan asset sale	$	—		$	—	$	—	$	—		$	—
Net restructuring charges	$	(49	)	$	—	$	—	$	(35	)	$	(14	)
Items Included in Reported Earnings AFTERTAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—	$	—	$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	(12	)	$	—	$	—	$	(12	)	$	—
Argentine bad-debt reserve	$	—		$	—	$	—	$	—		$	—
Japan asset sale	$	—		$	—	$	—	$	—		$	—
Net restructuring charges	$	(31	)	$	—	$	—	$	(22	)	$	(9	)
Items Included in Reported Earnings (Per Diluted Share Basis) PRETAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—	$	—	$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	(0.07	)	$	—	$	—	$	(0.07	)	$	—
Argentine bad-debt reserve	$	—		$	—	$	—	$	—		$	—
Japan asset sale	$	—		$	—	$	—	$	—		$	—
Net restructuring charges	$	(0.19	)	$	—	$	—	$	(0.13	)	$	(0.06	)
Items Included in Reported Earnings (Per Diluted Share Basis) AFTERTAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—	$	—	$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	(0.05	)	$	—	$	—	$	(0.05	)	$	—
Argentine bad-debt reserve	$	—		$	—	$	—	$	—		$	—
Japan asset sale	$	—		$	—	$	—	$	—		$	—
Net restructuring charges	$	(0.12	)	$	—	$	—	$	(0.08	)	$	(0.04	)

Items Included in Reported Earnings

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2002	FY02			FY02				FY02		FY02			FY02
	Full Year			4th Qtr				3rd Qtr		2nd Qtr			1st Qtr
	9/1/01 - 8/31/02			6/1/02 - 8/31/02			3/1/02 - 5/31/02			12/1/01 - 2/28/02			9/1/01 - 11/30/01
Items Included in Reported Earnings PRETAX
Adoption of FAS 142 (goodwill impairment)	$	(1,984	)	$	—		$		—	$	(1,984	)	$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$		—	$	—		$	—
Argentine bad-debt reserve	$	(154	)	$	(154	)	$		—	$	—		$	—
Japan asset sale	$	32		$	32		$		—	$	—		$	—
Net restructuring charges	$	(218	)	$	(75	)	$		—	$	(132	)	$	(11	)
Items Included in Reported Earnings AFTERTAX
Adoption of FAS 142 (goodwill impairment)	$	(1,822	)	$	—		$		—	$	(1,822	)	$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$		—	$	—		$	—
Argentine bad-debt reserve	$	(100	)	$	(100	)	$		—	$	—		$	—
Japan asset sale	$	21		$	21		$		—	$	—		$	—
Net restructuring charges	$	(142	)	$	(49	)	$		—	$	(86	)	$	(7	)
Items Included in Reported Earnings (Per Diluted Share Basis) PRETAX
Adoption of FAS 142 (goodwill impairment)	$	(7.53	)	$	—		$		—	$	(7.53	)	$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$		—	$	—		$	—
Argentine bad-debt reserve	$	(0.59	)	$	(0.59	)	$		—	$	—		$	—
Japan asset sale	$	0.12		$	0.12		$		—	$	—		$	—
Net restructuring charges	$	(0.83	)	$	(0.29	)	$		—	$	(0.50	)	$	(0.04	)
Items Included in Reported Earnings (Per Diluted Share Basis) AFTERTAX
Adoption of FAS 142 (goodwill impairment)	$	(6.92	)	$	—		$		—	$	(6.92	)	$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$		—	$	—		$	—
Argentine bad-debt reserve	$	(0.38	)	$	(0.38	)	$		—	$	—		$	—
Japan asset sale	$	0.08		$	0.08		$		—	$	—		$	—
Net restructuring charges	$	(0.54	)	$	(0.19	)	$		—	$	(0.33	)	$	(0.02	)

Items Included in Reported Earnings

Dollars in millions, except per share amounts

Unaudited

CROP YEAR 2001	FY01			FY01			FY01			FY01			FY01
	Full Year			4th Qtr			3rd Qtr			2nd Qtr			1st Qtr
	9/1/00 - 8/31/01			6/1/01 - 8/31/01			3/1/01 - 5/31/01			12/1/00 - 2/28/01			9/1/00 - 11/30/00
Items Included in Reported Earnings PRETAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—		$	—		$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$	—		$	—		$	—
Argentine bad-debt reserve	$	—		$	—		$	—		$	—		$	—
Japan asset sale	$	—		$	—		$	—		$	—		$	—
Net restructuring charges	$	(170	)	$	(48	)	$	(22	)	$	(57	)	$	(43	)
Items Included in Reported Earnings AFTERTAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—		$	—		$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$	—		$	—		$	—
Argentine bad-debt reserve	$	—		$	—		$	—		$	—		$	—
Japan asset sale	$	—		$	—		$	—		$	—		$	—
Net restructuring charges	$	(115	)	$	(30	)	$	(13	)	$	(44	)	$	(28	)
Items Included in Reported Earnings (Per Diluted Share Basis) PRETAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—		$	—		$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$	—		$	—		$	—
Argentine bad-debt reserve	$	—		$	—		$	—		$	—		$	—
Japan asset sale	$	—		$	—		$	—		$	—		$	—
Net restructuring charges	$	(0.65	)	$	(0.18	)	$	(0.08	)	$	(0.23	)	$	(0.16	)
Items Included in Reported Earnings (Per Diluted Share Basis) AFTERTAX
Adoption of FAS 142 (goodwill impairment)	$	—		$	—		$	—		$	—		$	—
Adoption of FAS 143 (asset retirement obligations)	$	—		$	—		$	—		$	—		$	—
Argentine bad-debt reserve	$	—		$	—		$	—		$	—		$	—
Japan asset sale	$	—		$	—		$	—		$	—		$	—
Net restructuring charges	$	(0.44	)	$	(0.11	)	$	(0.05	)	$	(0.17	)	$	(0.11	)