1 Exhibit 99.4 WESTINGHOUSE ELECTRIC CORPORATION SPECIAL ITEMS INCLUDED IN RESULTS OF OPERATIONS THREE MONTHS ENDED MARCH 31, 1997 AND 1996 (in millions except per share amounts) (unaudited) THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31, 1997 MARCH 31, 1996 PRE-TAX AFTER-TAX PER-SHARE PRE-TAX AFTER-TAX PER-SHARE AMOUNT AMOUNT IMPACT AMOUNT AMOUNT IMPACT ------- --------- --------- ------- --------- --------- CONTINUING OPERATIONS: Operating Profit: Restructuring -- ($123) Litigation matters -- (486) Impairment of assets -- (15) Environmental remediation activities -- -- Contract accounting adjustments -- (128) Other -- (30) --------- ------- Total impact on operating profit -- -- (782) ($510) --------- ------- Other income and expense: Loss on assets held for sale -- (152) --------- ------- Total impact on other income & exp. -- -- (152) (99) --------- --------- ------- ------- Total impact on Continuing Operations -- -- -- ($934) (609) ($1.39) ========= ======= DISCONTINUED OPERATIONS: Net gain on disposal of businesses -- -- 1,018 2.32 EXTRAORDINARY ITEM: Loss on early extinguishment of debt -- -- (63) (0.14) --------- -------- ------- ------- NET AMOUNT OF SPECIAL ITEMS -- -- $346 $0.79 ========= ======== ======= =======