2Q 2013 Highlights

• Net loss of $119 million, or $0.11 per share; excluding special items, net income of $76 million, or $0.07 per share
• Solid revenue of $5.8 billion
• Cash from operations of $514 million; positive free cash flow of $228 million
• Cash on hand of $1.2 billion
• Sequential $566 million debt reduction
• Debt-to-capital ratio 34.5 percent; net debt-to-capital ratio 31.1 percent
• New second quarter low days working capital, 6 day improvement over prior year, equal to approximately $400 million in cash
• $539 million in productivity gains across all business segments year-to-date
• Record after-tax operating income of $193 million in Engineered Products and Solutions, up 23 percent year-over-year
• Global end-market growth remains robust