Annual maturities (in millions) of long-term borrowings outstanding at December 31, 2000 are as follows: 2001: $150; 2002: $73; 2003: $419; 2004: $366; 2005: $260; and 2006 and beyond: $48.

The Company has a shelf registration statement for debt securities with an available balance of $1.9 billion.

Note 7: Other Long-Term Liabilities

Note 8: Commitments and Contingencies

Environmental Expenditures for pollution prevention and waste treatment for the Company’s current manufacturing facilities were as follows:

At December 31, 2000 and 1999, the Company’s undiscounted accrued liabilities for environmental remediation costs amounted to $113 million and $124 million, respectively.

The Company anticipates the above expenditures to increase in the future. However, it is not expected that these costs will have an impact which is materially different from 2000’s environmental expenditures on financial position, results of operations, cash flows or competitive position.

A Consent Decree was signed in 1994 in settlement of a civil complaint brought by the U.S. Environmental Protection Agency and the U.S. Department of Justice under which the Company is subject to a Compliance Schedule by which the Company improved its waste characterization procedures, upgraded one of its incinerators, and is evaluating and upgrading its industrial sewer system. The total expenditures required to complete this program are currently estimated to be approximately $33 million over the next eight years. These expenditures are primarily capital in nature.

The Company is presently designated as a potentially responsible party (PRP) under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (the Superfund law), or under similar state laws, for environmental assessment and cleanup costs as the result of the Company’s alleged arrangements for disposal of hazardous substances at approximately four active Superfund sites. With respect to each of these sites, the Company’s actual or potential allocated share of responsibility is small. Furthermore, numerous other PRPs have also been designated at these sites and, although the law imposes joint and several liability on PRPs, as a practical matter, costs are shared with other PRPs. Settlements and costs paid by the Company in Superfund matters to date have not been material. Future costs are also not expected to be material to the Company’s financial position or results of operations.