9 Mths Results - Part 2

ABB Ltd
24 October 2001

PART 2

Segment data
Data per Business Division             Orders received           Revenues
(US$ in millions)                    January - September    January - September 
                                     2001           2000    2001           2000 
        
Utilities                            $ 4,816     $ 4,710    $ 3,974     $ 3,898
Process Industries                     2,632       2,818      2,391       2,422 
Mfg and Consumer Industries            3,435       4,283      3,464       3,665 
Oil, Gas and Petrochemicals            2,602       3,197      2,450       1,829 
Power Technology Products              3,272       3,059      2,877       2,626 
Automation Technology Products         3,959       4,184      3,925       3,796 
Financial Services                     1,428       1,318      1,428       1,318 
Corporate/Other                       (4,281)     (4,076)    (3,632)     (3,337)
Total                                $17,863     $19,493    $16,877     $16,217

 
Data per Business Division                   EBIT            Depreciation and
(US$ in millions)                     (operating income)       amortization     
                                     January - September    January - September 
                                     2001           2000    2001           2000 
                 
Utilities                            $  122       $  196    $  54         $  50 
Process Industries                       94           75       53            51 
Mfg and Consumer Industries              88          137       35            41 
Oil, Gas and Petrochemicals             119          101       55            45 
Power Technology Products               190          170       88            92 
Automation Technology Products          330          337      172           162 
Financial Services                      233          250       19            17 
Corporate/Other                        (410)        (228)     107           117 
Total                                $  766       $1,038    $ 583         $ 575


Data per Business Division                        Number of employees
                                     September 30, 2001       December 31, 2000 
  
Utilities                                        16,418                  15,826 
Process Industries                               16,314                  15,997 
Mfg and Consumer Industries                      31,245                  33,449 
Oil, Gas and Petrochemicals                      13,424                  11,549 
Power Technology Products                        28,237                  27,785 
Automation Technology Products                   41,375                  41,332 
Financial Services                                1,191                   1,125 
Corporate/Other                                  14,328                  13,755 
Total                                           162,532                 160,818 

     
Geographic Information 
Data per Region                        Orders received           Revenues       
(US$ in millions)                    January - September    January - September 
                                     2001           2000    2001           2000 
         
Europe                               $ 9,321     $ 9,880    $ 9,164     $ 9,157
The Americas                           4,367       4,866      4,277       3,822 
Asia                                   2,255       2,247      1,875       1,913 
Middle East and Africa                 1,920       2,500      1,561       1,325 
Total                                $17,863     $19,493    $16,877     $16,217
           
Orders received and revenues have been reflected in the regions based on the
location of the customer. 
 
 
Note 5 Balance sheets of ABB Ltd Consolidated, ABB Group and Financial
Services (unaudited) 
 
In the balance sheet data appearing on this page, 'ABB Ltd Consolidated' means 
the accounts of ABB Ltd and all its subsidiaries presented on the basis of US 
GAAP, with all significant intercompany balances eliminated in consolidation.
The balance sheet data for 'Financial Services' and 'ABB Group' is reported on 
the same basis as management uses to evaluate segment performance which includes
the following adjustments: 

- 'Financial Services' represents the accounts of all subsidiaries in ABB's
  Financial Services division, with net intercompany balances and certain
  capital contributions received from other ABB subsidiaries presented on a
  one-line basis. 
 
- 'ABB Group' represents the accounts of ABB Ltd and all its subsidiaries other 
  than those in ABB's Financial Services division, with net intercompany
  balances and ABB's investment in its Financial Services division presented on
  a one-line basis. For the purposes of this presentation, ABB's investment in
  its Financial Services division is accounted for under the equity method of
  accounting 
 
 
                     ABB Ltd Consolidated    ABB Group 1)   Financial Services
US$ in millions      Sep 30        Dec 31   Sep 30  Dec 31   Sep 30      Dec 31
                       2001          2000     2001    2000     2001        2000 
Cash, cash 
 equivalents and 
 marketable 
 securities           5,385         5,606    1,526   1,285    3,859       4,321
Receivables, net      8,621         8,328    6,497   6,652    2,124       1,676
Inventories, net      3,644         3,192    3,644   3,192        -           -
Prepaid expenses 
 and other            2,668         1,585    1,300   1,067    1,368         518
Total current assets 20,318        18,711   12,967  12,196    7,351       6,515

Financing receivables 4,599         3,875      466     541    4,133       3,334
Property, plant and
equipment, net        3,108         3,243    3,021   3,177       87          66
Goodwill and other
intangible assets, 
net                   3,491         3,155    3,413   3,067       78          88
Investments and other 2,193         1,978    1,521   1,350      672         628
Net intercompany 
 balances                 -             -        -       -    5,392       2,105
Total assets         33,709        30,962   21,388  20,331   17,713      12,736

Accounts payable,
 trade                3,775         3,375    3,750   3,347       25          28
Accounts payables,
 other                2,317         2,363    1,408   1,512      909         851
Short term 
 borrowings 2)        6,789         3,587      318     397    6,471       3,190
Accrued liabilities
 and other            7,086         6,127    4,211   4,303    2,875       1,824
Total current
 liabilities         19,967        15,452    9,687   9,559   10,280       5,893

Long term borrowings  4,867         3,776      735     509    4,132       3,267
Pensions and other
 related benefits     1,742         1,790    1,735   1,783        7           7
Deferred taxes        1,357         1,528      615     694      742         834
Other liabilities     2,565         2,924    2,082   2,350      483         574
Net intercompany
 balances                 -             -    3,423      44        -           -
Total liabilities    30,498        25,470   18,277  14,939   15,644      10,575

Minority interest       299           321      199     221      100         100
Total stockholders'
 equity               2,912         5,171    2,912   5,171    1,969       2,061
Total liabilities
 and stockholders'
 equity              33,709        30,962   21,388  20,331   17,713      12,736

1) ABB Industrial operations/holdings with equity accounting of participation
   in Financial Services.
2) Includes current maturities of long-term borrowings.