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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
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): December 11, 1997
Commission file number 1-977
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CBS CORPORATION
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(Exact name of registrant as
specified in its charter)
PENNSYLVANIA 25-0877540
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
Westinghouse Building, 11 Stanwix Street, Pittsburgh, Pennsylvania 15222-1384
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(Address of principal executive offices; zip code)
(412) 244-2000
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(Registrant's Telephone No., including area code)
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Item 5. Other Events
Due to the sale of Thermo King, the pending sale of Power Generation, and
the pending separation of the remaining industrial businesses, the Registrant
has placed these businesses in Discontinued Operations and restated its
financial results accordingly. In connection with this action, the income
statement for the Registrant has been restated for the 1997 first, second, and
third quarters, 1996 and 1995, by quarter, and total year 1994, 1993, and 1992.
A copy of the restated condensed consolidated statement of income for these
time periods is attached hereto as Exhibit 99.1 and is incorporated herein in
its entirety. Also in connection with this action, the Registrant has restated
segment results for the 1997 first, second, and third quarters, 1996 and 1995,
by quarter, and total year 1994, 1993, and 1992 to allow comparisons between
the segments. A copy of the restated segment financial results for these
periods is attached hereto as Exhibit 99.2 and is incorporated herein in its
entirety. Also in connection with this action, special items included in
results of operations for 1996, by quarter, and total year 1995 and 1994 have
been restated. Special items for these periods have been attached hereto as
Exhibit 99.3 and have been incorporated herein in their entirety.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit No.
99.1 Condensed Consolidated Statement of Income for the
1997 first, second, and third quarters, 1996 and
1995, by quarter, and total year 1994, 1993, and
1992 is filed as Exhibit 99.1 to this Report.
99.2 Segment Results for the 1997 first, second, and
third quarters, 1996 and 1995, by quarter, and total
year 1994, 1993, and 1992 is filed as Exhibit 99.2
to this Report.
99.3 Special items included in results of operations for
1996, by quarter, and total year 1995 and 1994 is
filed as Exhibit 99.3 to this Report.
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.
CBS CORPORATION
(Registrant)
By: /s/ Carol V. Savage
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Carol V. Savage
Vice President and
Chief Accounting Officer
Date: December 11, 1997
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EXHIBIT INDEX
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Exhibit No. Description Sequential Page No.
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99.1 Condensed Consolidated Statement of
Income for the 1997 first, second,
and third quarters, 1996 and 1995,
by quarter, and total year 1994,
1993, and 1992.
99.2 Segment Results for the 1997 first,
second, and third quarters, 1996
and 1995, by quarter, and total
year 1994, 1993, and 1992.
99.3 Special items included in results
of operations for 1996, by quarter,
and total year 1995 and 1994.