Power Of Attorney - OWENS ILLINOIS INC /DE/ - 3-30-1998

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Power Of Attorney - OWENS ILLINOIS INC /DE/ - 3-30-1998 Powered By Docstoc
					EXHIBIT 24 OWENS-ILLINOIS, INC. POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS: That each individual whose signature appears below hereby consents to and appoints Thomas L. Young, Lee A. Wesselmann, or either of them, individually, as his true and lawful attorney-in-fact and agent with all power of substitution, for him and in his name, place and stead, in any and all capacities, to sign the 1997 Annual Report on Form 10-K of Owens-Illinois, Inc., a corporation organized and existing under the laws of the State of Delaware, and any and all amendments thereto, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the Securities and Exchange Commission pursuant to the requirements of the Securities and Exchange Act of 1934, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the same as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-infact and agent or his substitute or substitutes, may lawfully do or cause to be done by virtue thereof. IN WITNESS WHEREOF, each of the undersigned has hereunto set his hand on the date set opposite his name.
Signature --------/s/ Joseph H. Lemieux ------------------------Joseph H. Lemieux Title ----Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer); Director Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer); Director Director Date -------3/25/98 --------

/s/ Lee A. Wesselmann ------------------------Lee A. Wesselmann

3/25/98 --------

/s/ Robert J. Lanigan ------------------------Robert J. Lanigan /s/ Robert J. Dineen ------------------------Robert J. Dineen /s/ Edward A. Gilhuly ------------------------Edward A. Gilhuly /s/ James H. Greene, Jr. ------------------------James H. Greene, Jr.

3/26/98 --------

Director

3/25/98 --------

Director

3/26/98 --------

Director

3/26/98 --------

Signature --------/s/ Henry R. Kravis ------------------------Henry R. Kravis

Title ----Director

Date -------3/26/98 --------

Director ------------------------Robert I. MacDonnell /s/ John J. McMackin, Jr. ------------------------John J. McMackin, Jr. Director --------

3/25/98 --------

Signature --------/s/ Henry R. Kravis ------------------------Henry R. Kravis

Title ----Director

Date -------3/26/98 --------

Director ------------------------Robert I. MacDonnell /s/ John J. McMackin, Jr. ------------------------John J. McMackin, Jr. /s/ Michael W. Michelson ------------------------Michael W. Michelson /s/ George R. Roberts ------------------------George R. Roberts Director --------

3/25/98 --------

Director

3/26/98 --------

Director

3/26/98 --------

ARTICLE 5 This schedule contains summary financial information extracted from the December 31, 1997 consolidated balance sheet, and the consolidated results of operations for the year then ended and is qualified in its entirety by reference to such financial statements.

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES CGS TOTAL COSTS OTHER EXPENSES LOSS PROVISION INTEREST EXPENSE INCOME PRETAX INCOME TAX INCOME CONTINUING DISCONTINUED EXTRAORDINARY CHANGES NET INCOME EPS PRIMARY EPS DILUTED

12 MOS DEC 31 1997 DEC 31 1997 234,300,000 0 681,600,000 52,900,000 592,400,000 1,648,300,000 4,105,100,000 1,699,700,000 6,845,100,000 1,043,800,000 3,216,800,000 0 20,400,000 1,400,000 1,320,100,000 6,845,100,000 4,658,500,000 4,828,400,000 3,666,400,000 3,666,400,000 0 51,300,000 302,700,000 452,300,000 148,500,000 272,400,000 0 (104,500,000) 0 167,900,000 1.25 1.24

ARTICLE 5 This schedule contains summary financial information extracted from the March 31, 1997, June 30, 1997, and September 30, 1997 condensed consoli- dated balance sheets, and the condensed consolidated results of operations for the three, six, and ninemonth periods then ended, respectively, and is qualified in its entirety by reference to such financial statements.

ARTICLE 5 This schedule contains summary financial information extracted from the December 31, 1997 consolidated balance sheet, and the consolidated results of operations for the year then ended and is qualified in its entirety by reference to such financial statements.

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES CGS TOTAL COSTS OTHER EXPENSES LOSS PROVISION INTEREST EXPENSE INCOME PRETAX INCOME TAX INCOME CONTINUING DISCONTINUED EXTRAORDINARY CHANGES NET INCOME EPS PRIMARY EPS DILUTED

12 MOS DEC 31 1997 DEC 31 1997 234,300,000 0 681,600,000 52,900,000 592,400,000 1,648,300,000 4,105,100,000 1,699,700,000 6,845,100,000 1,043,800,000 3,216,800,000 0 20,400,000 1,400,000 1,320,100,000 6,845,100,000 4,658,500,000 4,828,400,000 3,666,400,000 3,666,400,000 0 51,300,000 302,700,000 452,300,000 148,500,000 272,400,000 0 (104,500,000) 0 167,900,000 1.25 1.24

ARTICLE 5 This schedule contains summary financial information extracted from the March 31, 1997, June 30, 1997, and September 30, 1997 condensed consoli- dated balance sheets, and the condensed consolidated results of operations for the three, six, and ninemonth periods then ended, respectively, and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES CGS TOTAL COSTS

3 MOS DEC 31 1997 MAR 31 1997 289,800,000 0 659,000,000 37,700,000 626,800,000 1,701,100,000 3,732,300,000 1,548,400,000 6,695,100,000 1,051,600,000 3,458,400,000 0 21,400,000 1,200,000 734,700,000 6,695,100,000 1,056,300,000 1,116,200,000 844,900,000 844,900,000

6 MOS DEC 31 1997 JUN 30 1997 305,800,000 0 727,800,000 36,600,000 621,600,000 1,781,200,000 3,797,600,000 1,603,500,000 6,825,700,000 1,081,900,000 3,161,000,000 0 21,400,000 1,400,000 1,207,000,000 6,825,700,000 2,280,800,000 2,373,900,000 1,774,600,000 1,774,600,000

9 MOS DEC 31 1997 SEP 30 1997 277,000,000 0 715,700,000 41,000,000 579,200,000 1,700,200,000 3,866,300,000 1,651,100,000 6,786,800,000 1,004,200,000 3,241,900,000 0 21,400,000 1,400,000 1,266,200,000 6,786,800,000 3,520,300,000 3,653,200,000 2,736,000,000 2,736,000,000

ARTICLE 5 This schedule contains summary financial information extracted from the March 31, 1997, June 30, 1997, and September 30, 1997 condensed consoli- dated balance sheets, and the condensed consolidated results of operations for the three, six, and ninemonth periods then ended, respectively, and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES CGS TOTAL COSTS OTHER EXPENSES LOSS PROVISION INTEREST EXPENSE INCOME PRETAX INCOME TAX INCOME CONTINUING DISCONTINUED EXTRAORDINARY CHANGES NET INCOME EPS PRIMARY EPS DILUTED

3 MOS DEC 31 1997 MAR 31 1997 289,800,000 0 659,000,000 37,700,000 626,800,000 1,701,100,000 3,732,300,000 1,548,400,000 6,695,100,000 1,051,600,000 3,458,400,000 0 21,400,000 1,200,000 734,700,000 6,695,100,000 1,056,300,000 1,116,200,000 844,900,000 844,900,000 0 0 85,900,000 84,400,000 23,400,000 54,600,000 0 0 0 54,600,000 0.44 0.44

6 MOS DEC 31 1997 JUN 30 1997 305,800,000 0 727,800,000 36,600,000 621,600,000 1,781,200,000 3,797,600,000 1,603,500,000 6,825,700,000 1,081,900,000 3,161,000,000 0 21,400,000 1,400,000 1,207,000,000 6,825,700,000 2,280,800,000 2,373,900,000 1,774,600,000 1,774,600,000 0 0 167,300,000 233,000,000 74,200,000 141,500,000 0 (84,500,000) 0 57,000,000 0.44 0.44

9 MOS DEC 31 1997 SEP 30 1997 277,000,000 0 715,700,000 41,000,000 579,200,000 1,700,200,000 3,866,300,000 1,651,100,000 6,786,800,000 1,004,200,000 3,241,900,000 0 21,400,000 1,400,000 1,266,200,000 6,786,800,000 3,520,300,000 3,653,200,000 2,736,000,000 2,736,000,000 0 0 237,100,000 383,900,000 125,700,000 233,300,000 0 (100,900,000) 0 132,400,000 1.00 0.99

ARTICLE 5 This schedule contains summary financial information extracted from the December 31, 1996 consolidated balance sheet, and the consolidated results of operations for the year then ended and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES

12 MOS DEC 31 1996 DEC 31 1996 175,300,000 0 488,800,000 40,600,000 494,600,000 1,285,100,000 3,435,900,000 1,494,300,000 6,105,300,000 904,900,000 3,287,900,000 0 21,400,000 1,200,000 707,100,000 6,105,300,000 3,845,700,000 3,976,200,000

ARTICLE 5 This schedule contains summary financial information extracted from the December 31, 1996 consolidated balance sheet, and the consolidated results of operations for the year then ended and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES CGS TOTAL COSTS OTHER EXPENSES LOSS PROVISION INTEREST EXPENSE INCOME PRETAX INCOME TAX INCOME CONTINUING DISCONTINUED EXTRAORDINARY CHANGES NET INCOME EPS PRIMARY EPS DILUTED

12 MOS DEC 31 1996 DEC 31 1996 175,300,000 0 488,800,000 40,600,000 494,600,000 1,285,100,000 3,435,900,000 1,494,300,000 6,105,300,000 904,900,000 3,287,900,000 0 21,400,000 1,200,000 707,100,000 6,105,300,000 3,845,700,000 3,976,200,000 3,025,600,000 3,025,600,000 0 38,500,000 302,600,000 324,100,000 104,900,000 191,100,000 0 0 0 191,100,000 1.58 1.55

ARTICLE 5 This schedule contains summary financial information extracted from the March 31, 1996, June 30, 1996, and September 30, 1996 condensed consoli- dated balance sheets, and the condensed consolidated results of operations for the three, six, and ninemonth periods then ended, respectively, and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES

3 MOS DEC 31 1996 MAR 31 1996 142,600,000 0 468,200,000 36,700,000 513,400,000 1,223,800,000 3,144,700,000 1,344,400,000 5,451,800,000 889,600,000 2,777,000,000 0 21,600,000 1,200,000 547,300,000 5,451,800,000 905,800,000 936,800,000

6 MOS DEC 31 1996 JUN 30 1996 120,400,000 0 469,100,000 36,500,000 489,300,000 1,165,800,000 3,262,800,000 1,394,500,000 5,474,500,000 849,700,000 2,813,900,000 0 21,600,000 1,200,000 608,900,000 5,474,500,000 1,869,500,000 1,932,500,000

9 MOS DEC 31 1996 SEP 30 1996 125,100,000 0 478,700,000 36,900,000 494,400,000 1,210,700,000 3,345,400,000 1,450,700,000 5,566,800,000 955,000,000 2,770,200,000 0 21,600,000 1,200,000 673,500,000 5,566,800,000 2,883,600,000 2,975,500,000

ARTICLE 5 This schedule contains summary financial information extracted from the March 31, 1996, June 30, 1996, and September 30, 1996 condensed consoli- dated balance sheets, and the condensed consolidated results of operations for the three, six, and ninemonth periods then ended, respectively, and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES CGS TOTAL COSTS OTHER EXPENSES LOSS PROVISION INTEREST EXPENSE INCOME PRETAX INCOME TAX INCOME CONTINUING DISCONTINUED EXTRAORDINARY CHANGES NET INCOME EPS PRIMARY EPS DILUTED

3 MOS DEC 31 1996 MAR 31 1996 142,600,000 0 468,200,000 36,700,000 513,400,000 1,223,800,000 3,144,700,000 1,344,400,000 5,451,800,000 889,600,000 2,777,000,000 0 21,600,000 1,200,000 547,300,000 5,451,800,000 905,800,000 936,800,000 708,900,000 708,900,000 0 0 73,500,000 74,400,000 25,900,000 39,600,000 0 0 0 39,600,000 0.33 0.32

6 MOS DEC 31 1996 JUN 30 1996 120,400,000 0 469,100,000 36,500,000 489,300,000 1,165,800,000 3,262,800,000 1,394,500,000 5,474,500,000 849,700,000 2,813,900,000 0 21,600,000 1,200,000 608,900,000 5,474,500,000 1,869,500,000 1,932,500,000 1,446,400,000 1,446,400,000 0 0 148,300,000 187,300,000 65,200,000 106,200,000 0 0 0 106,200,000 0.88 0.86

9 MOS DEC 31 1996 SEP 30 1996 125,100,000 0 478,700,000 36,900,000 494,400,000 1,210,700,000 3,345,400,000 1,450,700,000 5,566,800,000 955,000,000 2,770,200,000 0 21,600,000 1,200,000 673,500,000 5,566,800,000 2,883,600,000 2,975,500,000 2,234,700,000 2,234,700,000 0 0 225,000,000 287,700,000 97,900,000 168,200,000 0 0 0 168,200,000 1.39 1.36

ARTICLE 5 This schedule contains summary financial information extracted from the December 31, 1995 consolidated balance sheet, and the consolidated results of operations for the year then ended and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES

12 MOS DEC 31 1995 DEC 31 1995 161,900,000 0 423,900,000 39,700,000 502,200,000 1,216,800,000 3,087,200,000 1,302,400,000 5,439,200,000 888,900,000 2,780,600,000 0 21,900,000 1,200,000 508,800,000 5,439,200,000 3,763,200,000 3,881,000,000

ARTICLE 5 This schedule contains summary financial information extracted from the December 31, 1995 consolidated balance sheet, and the consolidated results of operations for the year then ended and is qualified in its entirety by reference to such financial statements. RESTATED:

PERIOD TYPE FISCAL YEAR END PERIOD END CASH SECURITIES RECEIVABLES ALLOWANCES INVENTORY CURRENT ASSETS PP&E DEPRECIATION TOTAL ASSETS CURRENT LIABILITIES BONDS PREFERRED MANDATORY PREFERRED COMMON OTHER SE TOTAL LIABILITY AND EQUITY SALES TOTAL REVENUES CGS TOTAL COSTS OTHER EXPENSES LOSS PROVISION INTEREST EXPENSE INCOME PRETAX INCOME TAX INCOME CONTINUING DISCONTINUED EXTRAORDINARY CHANGES NET INCOME EPS PRIMARY EPS DILUTED

12 MOS DEC 31 1995 DEC 31 1995 161,900,000 0 423,900,000 39,700,000 502,200,000 1,216,800,000 3,087,200,000 1,302,400,000 5,439,200,000 888,900,000 2,780,600,000 0 21,900,000 1,200,000 508,800,000 5,439,200,000 3,763,200,000 3,881,000,000 2,948,500,000 2,948,500,000 0 32,400,000 299,600,000 310,000,000 100,800,000 169,100,000 0 0 0 169,100,000 1.40 1.37