date:Feb 08, 2014
ense helped offset the decline.
For the full year 2013, sales were down 3 percent as volume declines and currency devaluations more than offset price/mix improvements. Operating income was $613 million. This was down 8 percent compared to reported operating income in 2012 of $668 million and a 13 percent decrease compared to the $701 million of adjusted operating income in the year-ago period. The decrease was primarily due to higher costs and weaker volumes. Notably $82 million of the $88 mi