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2004 Financial
Review
Financial Highlights
Management’s Discussion and Analysis
Management’s Report on Internal Control Over Financial Reporting
Reports of Independent Registered Public Accounting Firm
Consolidated Financial Statements
Notes to Consolidated Financial Statements
Selected Financial Data
Board of Directors and Senior Management
Corporate Information
Notes to Consolidated Financial Statements
Note 1 – Summary of Significant Account Policies
Note 2 – Segment Information
Note 3 – Earnings Per Share
Note 4 – Employee and Retiree Benefits
Note 5 – Investments held by VEBA Trust
Note 6 – Former Natural Resource Operations
Note 7 – Costs Associated With Exit Activities
Note 8 – Property and Equipment
Note 9 – Impairment of Long-Lived Assets
Note 10 – Other Assets
Note 11 – Accrued Liabilities
Note 12 – Other Liabilities
Note 13 – Long-Term Debt
Note 14 – Accounts Receivable and Asset Securitization
Note 15 – Operating Leases
Note 16 – Share-Based Compensation Plans
Note 17 – Capital Stock
Note 18 – Income Taxes
Note 19 – Supplemental Cash Flow Information
Note 20 – Other Operating Income, Net
Note 21 – Other Nonoperating Income (Expense), Net
Note 22 – Risk Management
Note 23 – Other Commitments and Contingencies
Note 24 – Selected Quarterly Financial Data (unaudited)
Note 12 – Other Liabilities
December 31,
(In millions)
2004
2003
Workers’ compensation and other claims
$
65.1
60.4
Minority interest
40.0
36.1
Withdrawal obligations for coal-related multi-employer pension plans (a)
-
52.0
Aircraft lease turnback obligations (b)
-
29.8
Other
71.7
61.1
Other liabilities
$
176.8
239.4
(a)
See note 4.
(b)
See note 11.