financial highlights

(In millions, except per share and percent data)	1996	1995	1994

Net sales	$2,275.2	$2,236.9	$2,312.5
Profit from operations excluding restructuring and other expenses and one-time costs	201.8*	89.2	200.3
Restructuring and other expenses	110.0	247.0	-
Special charges	33.0*	-	-
Profit/(loss) from operations	51.8	(157.8)	200.3
Earnings/(loss) before income tax expense/(benefit)	31.2	(201.4)	160.7
Earnings/(loss) before extraordinary item	15.0	(140.2)	117.2
Extraordinary item	(56.1)	-	-
Net earnings/(loss)	(41.1)	(140.2)	117.2
Primary earnings/(loss) per common share:
Earnings/(loss) before extraordinary item	.32	(3.09)	2.49
Extraordinary item	(1.21)	-	-
Net earnings/(loss)	(.89)	(3.09)	2.49
Earnings per common share excluding restructuring and other expenses, one-time costs and extraordinary item	2.27*	.45	2.49
Cash dividends per common share	.60	.60	.60
Advertising	134.6	124.1	121.2
Research, engineering and development	116.3	165.5	165.7
Cash and cash equivalents	72.8	73.3	143.3
Short-term investments	5.5	9.8	85.6
Working capital	623.3	730.3	879.7
Common stockholders’ equity	658.2	717.7	864.4
Additions to property, plant and equipment	121.8	167.9	146.7
Depreciation	118.3	132.7	118.2
Earnings/(loss) before extraordinary item as a percent of sales	.7%	(6.3%)	5.1%

* In 1996, the Company recorded one-time costs of $40 million, of which $7 million was recorded in cost of sales and $33 million was recorded as special charges of one-time cost.