Exh 2Exhibit 2 - Income Statements for the Wm. Wrigley Jr. Company(in thousands, except per-share amounts)Year Ended December 31200120001999

EarningsNet Sales$2,429,646$2,145,706$2,061,602Cost of Sales997,054904,266904,183Gross Profit1,432,5921,241,4401,157,419Selling, general & administrative expenses919,236778,197721,813Operating Income513,356463,243435,606Investment Income18,55319,18517,636Other Expense(4,543)(3,116)(8,812)Earnings before income taxes527,366479,312444,430Income taxes164,380150,370136,247Net Earnings$362,986$328,942$308,183Per share amountsNet Earnings per share of common stock$1.61 $1.33Dividends paid per share of common stock$0.745$0.70$0.66

Earnings Growth10.3%6.7%Sales Growth13.2%4.1%CAGR of Earnings8.5%Operating Income/sales14.9%15.3%14.9%

Exh 3Exhibit 3 - Consolidated Balance Sheets for the Wm. Wrigley Jr. Company(in thousands of dollars)20012000 ASSETSCurrent assetsCash and equivalents$307,785$300,599Short-term investments, at amortized cost25,45029,301Accounts receivable239,885191,570Inventories278,981253,291 - Finished Goods75,69364,676 - Raw materials and supplies203,288188,615Other Current assets46,89639,728Deferred income taxes - current14,84614,226Total Current Assets913,843828,715Marketable equity securities, at fair value25,30028,535Deferred charges and other assets115,74583,713Deferred income taxes - noncurrent26,38126,743Property, plant, and equipment (at cost)Land39,93339,125Buildings and building equipment359,109344,457Machinery and equipment857,044756,050Less accumulated depreciation571,717532,598Net property, plant and equipment684,379607,034TOTAL ASSETS1,765,6481,574,740LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilitiesAccounts payable$91,225$73,129Accrued expenses128,406113,779Dividends payable42,71139,467Income and other taxes payable68,43760,976Deferred Income taxes - current1,455856Total Current Liabilities$332,234$288,207Deferred income taxes - noncurrent43,20640,144Other non-current liabilities113,921113,489

Common stock12,64612,558Class B convertible stock2,8502,938Additional paid-in-capital1,153346Retained earnings1,684,3371,492,547Treasury stock(289,799)(256,478)Accumulated other comprehensive income(134,900)(119,014)Total stockholders' equity1,276,2871,132,897LIABILITIES AND STOCKHOLDERS' EQUITY1,765,6481,574,737

Exh 5Exhibit 5 - Financial Characteristics of Major Confectionary FirmsCompany NamesRecent PriceCommon Shares Outstanding (millions)Market Value of Equity(millions)Book Value of Equity(millions)Total LT Debt(millions)LT Debt/(LT Debt + Book Value of Equity)LT Debt/(LT Debt + Mkt Value of Equity)LT Debt/Book Value of EquityLT Debt/Mkt Value of EquityCadbury Scheppes plc26.66502.5133975264226430.07%14.46%43.01%16.90%Hershey Foods Corp65.45136.638942278586923.78%8.86%31.20%9.72%Kraft Foods38.8217356735339920854817.64%11.26%21.41%12.69%Tootise Roll Industries Inc.31.1751.66161050981.55%0.49%1.57%0.50%Wm. Wrigley Jr. CO.56.37232.4413103127600.00%0.00%0.00%0.00%S&P 500 Composite1,148.0818.23%8.76%24.27%9.94%Wm. Wrigley Jr. CO. (after)61.53232.44113031276300070.16%20.97%235.11%26.54%79.03%Company NamesBetaEPSPrice/EarningsCash DividendDividend PayoutDividend YieldInterest Coverage Before TaxCompound Growth of EPS Past 5 YrsFirm Value/EBITDACadbury Scheppes plc0.601.3915.20.6744.00%2.50%4,6x6.50%10.3Hershey Foods Corp0.602.7420.41.1641.00%2.00%11,1x6.50%11.4Kraft Foodsnmf1.1718.70.2612.00%1.50%3,4xnmf10.1Tootise Roll Industries Inc.0.651.30240.2822.00%0.90%nmf12.50%14.6Wm. Wrigley Jr. CO.0.751.6129.30.7546.00%1.50%nmf9%22.6S&P 500 Composite1.0018.7840.55-49.57%

Exh 6Exhibit 6 - Key Industrial Financial Ratios by Credit RatingInvestment GradeNon Investment GradeWrigley afterAAAAAABBBBBBEBIT Interest Coverage (x)23.413.36.33.92.21.0Funds from operations/total debt (%)214.265.742.230.619.710.4Free operating cash flow/total debt (%)156.633.622.312.87.31.5Return on capital (%)35.026.618.113.111.58.0Operating income/sales (%)23.424.018.115.515.414.721.1%Long-term debt/capital (%)-1.121.133.840.353.672.663%Total debt/capital, incl. Short-term debt (%)5.035.942.647.057.775.1

Exh 7Exhibit 7 - Capital Market Conditions as of June 7, 2002US Treasury ObligationsYield3 mos1.670%6 mos1.710%1 yr2.310%2 yr3.160%3 yr3.660%5 yr4.090%7 yr4.520%10 yr4.860%20 yr5.650%Corporate Debt Obligations (10 year)YieldAAA9.307%AA9.786%A10.083%BBB10.894%BB12.753%B14.663%Other InstrumensYieldU.S. Federal Reserve Bank discount rate1.730%LIBOR (1 month)1.840%Certificate of deposit (6 month)1.980%Prime Interest rates4.750%

Exh 8Exhibit 7 - EPS versus EBIT AnalysisAssumptionsBefore recapitalizationAssumptionsAfter recapitalizationInterest rate on debtInterest rate on debtPre-recap debtPre-recap debtTax RateTax RateBefore recapitalizationWorst caseMost likelyBest caseBefore recapitalizationWorst caseMost likelyBest case Operating income (EBIT)Interest expenseInterest expenseTaxable incomeTaxable incomeTaxesTaxesNet incomeNet incomeShares outstandingShares outstandingEarnings per shareEarnings per share

Coba1.Impact on Share ValueTax Rate40%Debt3000mioShares232.44mioAPV1,2005.16per shareRecent Price$56.37$61.532. Impact on Debt Rating