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Assets Year N Year N+1 Cash 173,096 157,401 Marketable securities CA 57,012 96,479 Accounts receivable, Net 266,307 402,290 Inventories 306,543 565,044 Total current assets 802,958

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Assets Year N Year N+1 Cash 173,096 157,401 Marketable securities CA 57,012 96,479 Accounts receivable, Net 266,307 402,290 Inventories 306,543 565,044 Total current assets 802,958 1,221,214 Investments in unconsolidated subsidiaries 50,592 137,258 Marketable securities NCA 8,897 125,393 Property, plant & equipment, Net 2,308,832 3,593,608 Goodwill 9,825 14,410 Long term assets 2,378,146 3,870,669 Total assets 3,181,104 5,091,883 Liabilities Notes payable 11,775 30,215 Accounts payable 207,993 342,060 Taxes payable 36,555 29,163 Current maturities of long- 45,660 term debt 74,408 Total current liabilities 301,983 475,846 Long term debt 760,994 1,041,715 Pension and OPEB liabilities 1,115,669 1,874,921 Total long-term liabilities 1,876,663 2,916,636 Equity Common stock 620,675 910,323 Additional paid-in capital 28,812 42,258 Retained earning 655,128 1,189,982 Treasury stock 302,157- 443,164- Total stockholders' equity 1,002,458 1,699,399 Total liabilities and equity 3,181,104 5,091,881 Required Compute Net Operating Assets (NOA) Year N and Year N+1

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