SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported) April 16, 1999
E. I. du Pont de Nemours and Company
(Exact Name of Registrant as Specified in Its Charter)
Delaware 1-815 51-0014090
(State or Other Jurisdiction (Commission (I.R.S Employer
of Incorporation) File Number) Identification No.)
1007 Market Street
Wilmington, Delaware 19898
(Address of principal executive offices)
Registrant's telephone number, including area code: (302) 774-1000
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Item 5. Other Events
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In connection with Debt and/or Equity Securities that may be offered
on a delayed or continuous basis under Registration Statements on Form S-8
(No. 33-53327, No. 33-61339 and No. 33-60069), the registrant hereby files the
following Consolidated Industry Segment Information (Quarterly) of Continuing
Operations for the years ending December 31, 1998 and 1997.
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E. I. DU PONT DE NEMOURS AND COMPANY
CONSOLIDATED INDUSTRY SEGMENT INFORMATION (QUARTERLY)
(dollars in millions)
1998 1997
--------------------------------------------- --------------------------------------------
Full Full
1st 2nd 3rd 4th Year 1st 2nd 3rd 4th Year
------- ------- -------- ------- -------- ------- ------- ------- ------- --------
SALES
Agriculture & Nutrition $ 770 $1,231 $ 569 $ 586 $ 3,156 $ 624 $ 934 $ 477 $ 478 $ 2,513
Nylon Enterprise 1,173 1,162 1,148 1,111 4,594 1,120 1,152 1,124 1,186 4,582
Performance Coatings &
Polymers 1,157 1,201 1,086 1,163 4,607 1,117 1,231 1,145 1,183 4,676
Pharmaceuticals 216 191 346 356 1,109 192 154 222 185 753
Pigments & Chemicals 920 939 909 891 3,659 901 979 971 961 3,812
Polyester Enterprise 734 759 664 640 2,797 528 583 551 553 2,215
Specialty Fibers 851 828 818 799 3,296 831 853 815 821 3,320
Specialty Polymers 1,034 1,055 990 1,014 4,093 977 1,047 1,019 1,051 4,094
Other 164 98 92 91 445 285 288 226 223 1,022
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Total Segment Sales<Fa> $7,019 $7,464 $ 6,622 $6,651 $27,756 $6,575 $7,221 $6,550 $6,641 $26,987
====== ====== ======= ====== ======= ====== ====== ====== ====== =======
<FN>
- ----------------------
<Fa> Sales include pro rata equity affiliate sales and intersegment
transfers.
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E. I. DU PONT DE NEMOURS AND COMPANY
CONSOLIDATED INDUSTRY SEGMENT INFORMATION (QUARTERLY)
(dollars in millions)
(Continued)
1998 1997
--------------------------------------------- --------------------------------------------
Full Full
1st 2nd 3rd 4th Year 1st 2nd 3rd 4th Year
------- ------- -------- ------- -------- ------- ------- ------- ------- --------
AFTER-TAX OPERATING INCOME -
UNDERLYING
Agriculture & Nutrition $ 89 $ 236 $ 4 $ 1 $ 330 $ 93 $ 237 $ 85 $ 33 $ 448
Nylon Enterprise 90 130 96 90 406 83 80 79 130 372
Performance Coatings &
Polymers 122 128 116 159 525 119 140 135 125 519
Pharmaceuticals 50 25 49 61 185 35 26 60 41 162
Pigments & Chemicals 157 137 138 149 581 105 110 148 150 513
Polyester Enterprise 4 1 (3) (9) (7) 38 50 53 46 187
Specialty Fibers 188 161 162 151 662 165 178 179 186 708
Specialty Polymers 158 162 155 133 608 128 150 143 156 577
Other 45 (5) 16 49 105 46 16 (65) (2) (5)
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Total $ 903 $ 975 $ 733 $ 784 $ 3,395 $ 812 $ 987 $ 817 $ 865 $ 3,481
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Interest and Exchange
Gain (Losses) $ (70) $ (82) $ (76) $ (64) $ (292) $ (58) $ (31) $ (56) $ (81) $ (226)
Corporate Expenses (51) (54) (47) (38) (190) (44) (32) (36) (35) (147)
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Underlying Income from
Continuing Operations $ 782 $ 839 $ 610 $ 682 $ 2,913 $ 710 $ 924 $ 725 $ 749 $ 3,108
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
AFTER-TAX IMPACT
GAIN/(LOSS)
Productivity Improvement
Initiatives (85) (45) (206) (14) (350)
In-Process R&D (60) (968) 46 (982) (850) (616) (1,466)
"Benlate" 50 DF Fungicide
Recall (62) (62)
Discontinuation of Certain
Products, Misc. Asset
Sales, and Write-downs 67 67 (148) (148)
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Net Gain/(Loss) (145) (45) (1,174) 99 (1,265) - - (998) (678) (1,676)
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Reported Income from
Continuing Operations<Fa> $ 637 $ 794 $ (564) $ 781 $ 1,648 $ 710 $ 924 $ (273) $ 71 $ 1,432
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<FN>
- -----------------------
<Fa> For complete details of earnings adjusted for nonrecurring items, see
the DuPont quarterly earnings releases.
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E. I. DU PONT DE NEMOURS AND COMPANY
CONSOLIDATED INDUSTRY SEGMENT INFORMATION (QUARTERLY)
(dollars per share)
(Continued)
1998 1997
--------------------------------------------- --------------------------------------------
Full Full
1st 2nd 3rd 4th Year 1st 2nd 3rd 4th Year
------- ------- -------- ------- -------- ------- ------- ------- ------- --------
EARNINGS PER SHARE OF COMMON
STOCK - DILUTED<Fa>
Continuing Operations
Underlying Net Income $ .68 $ .73 $ .53 $ .60 $ 2.55 $ .62 $ .80 $ .63 $ .65 $ 2.70
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Nonrecurring Items (.13) (.04) (1.03) .08 (1.12) - - (.87) (.59) (1.46)
------ ------ ------- ------ ------- ------ ------ ------ ------ -------
Continuing Operations
Reported Net Income $ .55 $ .69 $ (.50) $ .68 $ 1.43 $ .62 $ .80 $ (.24) $ .06 $ 1.24
====== ====== ======= ====== ======= ====== ====== ====== ====== =======
<FN>
- -------------------
<Fa> Earnings per share for the year does not equal to sum of quarterly
earnings per share due to changes in average share calculations.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
E. I. DU PONT DE NEMOURS AND COMPANY
(Registrant)
/s/ D. B. Smith
------------------------------------
D. B. Smith
Assistant Controller
April 16, 1999
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