Chairman's Letter
Dear Shareowners, We are living through historic times. It is also a time of momentous change, uncertainty and doubt. And it is a time when the need for building trust has never been greater. Clayton M. Jones, Chairman, President and Chief Executive Officer

*The Company calculates return on invested capital (ROIC) as net income excluding after-tax interest expense, divided by the average of invested capital at the beginning and end of the fiscal year. Invested capital is calculated as the sum of total shareowners' equity (excluding defined benefit accounting adjustments impacting accumulated other comprehensive loss) and total debt, less cash and cash equivalents.