Management’s Discussion and Analysis of Financial Condition and Results of Operations

(Continued)

Discussion and Analysis > Consolidated Operating Results

See pages 44-46 for a discussion of Cautionary Factors That May Affect Future Results.

                                                         
As discussed in Note 15. Segment Reporting, management reviews operating companies income, which is defined as operating income before general corporate expenses and amortization of intangibles, to evaluate segment performance and allocate resources. Management believes it is appropriate to disclose this measure to help investors analyze the business performance and trends of the various business segments.

The following events that occurred during 2007, 2006 and 2005 affected the comparability of statement of earnings amounts.

• Asset Impairment and Exit Costs —For the years ended December 31, 2007, 2006 and 2005, pre-tax asset impairment and exit costs consisted of the following: