Ashland Inc. and Consolidated Subsidiaries Page 4
OPERATING INFORMATION BY INDUSTRY SEGMENT
(Unaudited)
Three months ended Year ended
September 30 September 30
2003 2002 2003 2002
APAC
Construction backlog at September 30 (millions) (a) $ 1,745 $ 1,691
Hot-mix asphalt production (million tons) 11.5 11.4 32.5 36.7
Aggregate production (million tons) 9.0 8.8 28.7 31.0
Ready-mix concrete production (million cubic yards)      0.5      0.6      2.0 2.1
ASHLAND DISTRIBUTION (b)
Sales per shipping day (millions) $ 11.3 $ 10.3 $ 11.1 $ 10.1
Gross profit as a percent of sales     15.5%     15.7%     15.3%     16.1%
ASHLAND SPECIALTY CHEMICAL (b)
Sales per shipping day (millions) $ 4.7 $ 4.5 $ 4.6 $ 4.3
Gross profit as a percent of sales     33.6%     36.5%     33.7%     37.0%
VALVOLINE
Lubricant sales (million gallons) 51.3 53.5 193.5 199.0
Premium lubricants (percent of U.S. branded volumes)     18.6%     16.9%     18.5%     16.1%
REFINING AND MARKETING (c)
Refinery runs (thousand barrels per day)
Crude oil refined     966     931     900     930
Other charge and blend stocks     142     134     133     151
Refined product yields (thousand barrels per day)
Gasoline     590     570     554     594
Distillates     290     279     278     293
Asphalt       77       80       71       73
Other       157       140       131       127
Total  1,114  1,069  1,034  1,087
Refined product sales (thousand barrels per day) (d)  1,445  1,387  1,345  1,321
Refining and wholesale marketing margin (per barrel) (e) $    3.61 $    1.63 $    2.59 $    1.82
Speedway SuperAmerica (SSA)
Retail outlets at September 30  1,791  2,063
Gasoline and distillate sales (million gallons)     815     943  3,423  3,622
Gross margin - gasoline and distillates (per gallon) $ .1375 $ .1063 $ .1191 $ .1040
Merchandise sales (millions) (f) $     586 $     645 $  2,281 $  2,381
Merchandise margin (as a percent of sales)     24.7%     23.2%     24.5%     24.2%
__________
(a) Includes APAC's proportionate share of the backlog of unconsolidated joint ventures.
(b) Sales are defined as sales and operating revenues. Gross profit is defined as sales and operating revenues, less cost
of sales and operating expenses, and depreciation and amortization relative to manufacturing assets.
(c) Amounts represent 100% of MAP's operations, in which Ashland owns a 38% interest.
(d) Total average daily volume of all refined product sales to MAP's wholesale, branded and retail (SSA) customers.
(e) Sales revenue less cost of refinery inputs, purchased products and manufacturing expenses, including depreciation.
(f) Effective January 1, 2003, SSA adopted EITF 02-16, "Accounting by a Customer (Including a Reseller) for Certain
Consideration Received from a Vendor," which requires rebates from vendors to be recorded as reductions to cost of
sales. Rebates from vendors recorded in SSA merchandise sales for periods prior to January 1, 2003 have not been
restated and included $41 million in the three months ended September 30, 2002; $46 million in the year ended
September 30, 2003; and $170 million in the year ended September 30, 2002.