	2008 12/31/08	2007 12/31/07	2006 12/31/06	2005 12/31/05
Cash	--	714	--	--
ASSETS
Cash & Short Term Investments	563	714	519	520
Receivables - Net	470	675	697	570
Raw Materials	496	353	412	344
Finished Goods	851	819	925	776
Progress Payments Other	(780)	(526)	(480)	(312)
Inventories - Total	567	647	858	808
Prepaid Expenses	--	--	--	--
Other Current Assets	403	391	474	348
CURRENT ASSETS - TOTAL	2,003	2,427	2,548	2,246
Land	149	138	137	136
Buildings	366	364	359	355
Machinery & Equipment	4,631	4,550	4,479	4,392
Property, Plant and Equipment - Gross	5,282	5,131	5,021	4,986
Accumulated Depreciation	(3,221)	(3,065)	(2,888)	(2,728)
Property, Plant and Equipment - Net	2,061	2,066	2,133	2,257
Investments in Associated Companies	56	56	56	56
Other Investments	50	43	70	62
Deferred Charges	0	0	0	40
Other Tangible Assets	15	19	26	36
Total Intangible Other Assets - Net	37	37	37	38
Other Assets - Total	512	606	711	1,736
TOTAL ASSETS	4,223	4,648	4,870	4,735
LIABILITIES
Accounts Payable	348	588	567	450
Short Term Debt & Current Portion of Long Term Debt	700K	13	0	--
Other Current Liabilities	385	372	364	--
CURRENT LIABILITIES - TOTAL	734	973	932	903
Long Term Debt	633	653	1,115	1,115
Provision for Risks and Charges	2,185	2,578	2,966	3,156
Deferred Taxes - Debit	459	550	647	752
DEFERRED TAXES	(459)	(550)	(647)	(752)
Other Liabilities	162	119	88	93
TOTAL LIABILITIES	3,255	3,773	4,453	4,515
EQUITY
Non-Equity Reserves	0	0	0	--
Minority Interest	0	0	0	0
Preferred Stock	0	0	0	0
Common Stock	1	1	1	1
Capital Surplus	1,899	1,868	1,841	1,832
Other Appropriated Reserves	189	38	(11)	(183)
Retained Earnings	(941)	(915)	(1,296)	(1,308)
Unrealized Foreign Exchange Gain/Loss	(26)	9	5	2
Unrealized Gain/Loss on Marketable Securities	(4)	200K	200K	0
Treasury Stock	(151)	(127)	(124)	(124)
COMMON EQUITY	968	875	417	221
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY	4,223	4,648	4,870	5,488
SHARE INFORMATION
Common Shares Outstanding	110	111	110	110

	2009 Q3 9/30/09	2009 Q2 6/30/09	2009 Q1 3/31/09	2008 Q4 12/31/08	2008 Q3 9/30/08
ASSETS
Cash & Short Term Investments	340	386	462	563	441
Receivables - Net	404	279	370	470	858
Inventories - Total	613	531	526	567	820
Prepaid Expenses	--	--	--	--	--
Other Current Assets	407	411	534	403	359
CURRENT ASSETS - TOTAL	1,764	1,607	1,892	2,003	2,478
Property, Plant and Equipment - Gross	5,367	5,357	5,324	5,282	5,234
Accumulated Depreciation	(3,360)	(3,319)	(3,268)	(3,221)	(3,211)
Property, Plant and Equipment - Net	2,007	2,038	2,056	2,061	2,022
Investments in Associated Companies	56	56	56	56	56
Total Intangible Other Assets - Net	37	37	37	37	37
Other Assets - Total	581	599	449	562	338
TOTAL ASSETS	3,922	3,796	4,103	4,223	4,659
LIABILITIES
Accounts Payable	541	312	361	348	730
Short Term Debt & Current Portion of Long Term Debt	700K	700K	700K	700K	13
Other Current Liabilities	348	377	385	385	403
CURRENT LIABILITIES - TOTAL	890	690	747	734	1,145
Long Term Debt	606	606	609	633	652
Deferred Taxes - Debit	486	503	351	459	235
DEFERRED TAXES	(486)	(503)	(351)	(459)	(235)
Other Liabilities	2,092	2,196	2,244	2,347	1,661
TOTAL LIABILITIES	3,102	2,988	3,249	3,255	3,224
EQUITY
Non-Equity Reserves	0	0	0	0	0
Minority Interest	1	2	3	0	0
Preferred Stock	0	0	0	0	0
Common Stock	1	1	1	1	1
Capital Surplus	1,908	1,905	1,902	1,899	1,892
Retained Earnings	(1,072)	(1,072)	(1,020)	(941)	(505)
Unrealized Foreign Exchange Gain/Loss	(21)	(33)	(45)	(26)	(6)
Unrealized Gain/Loss on Marketable Securities	(2)	(4)	5	(4)	(1)
Treasury Stock	(162)	(162)	(162)	(151)	(136)
COMMON EQUITY	819	806	851	968	1,435
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY	3,922	3,796	4,103	4,223	4,659
SHARE INFORMATION
Common Shares Outstanding	109	109	109	110	112

() = Negative Values
Values are displayed in Millions except for earnings per share and where noted

AKS : NYSE