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Sales - note p$497M Gross profit$170M Income (loss) ondivestitures, net - note b and...$1M Equity and other income- note q$1M Cost of sales - note q$327M Operating income (loss)$43M Net interest andother (income)...$8M Other net periodicbenefit (income) loss -...$5M Selling, general andadministrative expense - note q$99M Intangibles amortizationexpense - note g and note q$15M Research and developmentexpense - note q$15M Income (loss) fromcontinuing operations...$56M Income (loss) fromcontinuing operations$41M Unrealized translationgain (loss)$4M Income tax expense(benefit) - note j$15M Net income (loss)$16M Other comprehensiveincome (loss) - note n$2M Loss fromdiscontinued operations, net...-$25M Unrealized (loss) gain oncommodity hedges-$2M Comprehensive income (loss)$18M
Income Statement

ASHLAND INC. (ASH)

ASHLAND INC. (ASH)

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