(In millions, except per share amounts)

2004

2003

2002

Revenues

Manufacturing revenues

$

9,697

$

9,220

$

9,687

Finance revenues

545

572

584

Total revenues

10,242

9,792

10,271

Costs, expenses and other

Cost of sales

7,894

7,595

7,893

Selling and administrative

1,383

1,287

1,286

Interest expense, net

248

275

299

Provision for losses on finance receivables

58

81

111

Special charges

131

152

131

Gain on sale of businesses

—

(15

)

(25

)

Total costs, expenses and other

9,714

9,375

9,695

Income from continuing operations before income taxes and distributions on preferred securities of subsidiary trusts

528

417

576

Income taxes

(155

)

(112

)

(176

)

Distributions on preferred securities of subsidiary trusts, net of income taxes

—

(13

)

(26

)

Income from continuing operations

373

292

374

Loss from discontinued operations, net of income taxes

(8

)

(33

)

(10

)

Income before cumulative effect of change in accounting principle

365

259

364

Cumulative effect of change in accounting principle, net of income taxes

—

—

(488

)

Net income (loss)

$

365

$

259

$

(124

)

Per common share:

Basic:

Income from continuing operations

$

2.72

$

2.15

$

2.69

Loss from discontinued operations, net of income taxes

(.06

)

(.24

)

(.07

)

Cumulative effect of change in accounting principle, net of income taxes

—

—

(3.52

)

Net income (loss)

$

2.66

$

1.91

$

(.90

)

Diluted:

Income from continuing operations

$

2.66

$

2.13

$

2.66

Loss from discontinued operations, net of income taxes

(.05

)

(.24

)

(.06

)

Cumulative effect of change in accounting principle, net of income taxes

—

—

(3.48

)

Net income (loss)

$

2.61

$

1.89

$

(.88

)