SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
For the fiscal year ended September 30, 1995
ROCKWELL INTERNATIONAL CORPORATION
SAVINGS PLAN FOR CERTAIN
REPRESENTED HOURLY EMPLOYEES
ROCKWELL INTERNATIONAL CORPORATION
2201 Seal Beach Boulevard
Seal Beach, California 90740
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION
SAVINGS PLAN FOR CERTAIN
REPRESENTED HOURLY EMPLOYEES
INDEX
PAGE NUMBER
FINANCIAL STATEMENTS:
INDEPENDENT AUDITORS' REPORT 1
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS,
SEPTEMBER 30, 1995 AND 1994 2 - 3
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE
FOR BENEFITS, FOR THE YEARS ENDED
SEPTEMBER 30, 1995 AND 1994 4 - 5
NOTES TO FINANCIAL STATEMENTS 6 - 11
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES,
SEPTEMBER 30, 1995 12 - 14
SCHEDULE OF REPORTABLE TRANSACTIONS, FOR THE
YEAR ENDED SEPTEMBER 30, 1995 15 - 16
SIGNATURES S-1
EXHIBIT:
INDEPENDENT AUDITORS' CONSENTS S-2
<PAGE>
INDEPENDENT AUDITORS' REPORT
To the Rockwell International Corporation Savings Plan
for Certain Represented Hourly Employees and Participants:
We have audited, by fund and in total, the accompanying statements of net
assets available for benefits of the Rockwell International Corporation Savings
Plan for Certain Represented Hourly Employees (the "Plan") as of September 30,
1995 and 1994, and the related statements of changes in net assets available
for benefits for the years then ended. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, such financial statements present fairly, by fund and in total,
in all material respects, the net assets available for benefits of the Plan as
of September 30, 1995 and 1994, and the changes in its net assets available for
benefits for the years then ended in conformity with generally accepted
accounting principles.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The accompanying supplemental schedules
of (1) assets held for investment purposes as of September 30, 1995, and (2)
transactions in excess of five percent of the current value of plan assets for
the year ended September 30, 1995 are presented for the purpose of additional
analysis and are not a required part of the basic financial statements, but are
supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. These supplemental schedules are the responsibility of
the Plan's management. Such supplemental schedules have been subjected to the
auditing procedures applied in our audit of the basic financial statements and,
in our opinion, are fairly stated in all material respects when considered in
relation to the basic financial statements taken as a whole.
Deloitte & Touche LLP
March 1, 1996
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
SEPTEMBER 30, 1995
($ IN THOUSANDS)
<CAPTION> Guaranteed Money Rockwell Rockwell
<S> Investment Market Common Class A Equity Loan
ASSETS Total Fund Fund Stock Fund Stock Fund Fund Fund
<C> <C> <C> <C> <C> <C> <C>
INVESTMENTS:
Rockwell International
Corporation common stock $11,200 $10,875 $ 325
Value of interest in
registered investment
companies 5,600 $ 5,600
Money market funds 4,505 $ 65 $ 4,323 117
Interest in guaranteed
investment contract trusts 8,599 8,599
Loans to participants 1,548 $ 1,548
Total investments 31,452 8,664 4,323 10,992 325 5,600 1,548
TOTAL ASSETS 31,452 8,664 4,323 10,992 325 5,600 1,548
LIABILITY - Purchases
pending settlement 258 3 255
NET ASSETS AVAILABLE FOR
BENEFITS $31,194 $ 8,664 $ 4,323 $10,989 $ 325 $ 5,600 $ 1,293
</TABLE>
See notes to financial statements.
- - -2-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
SEPTEMBER 30, 1994
($ IN THOUSANDS)
<CAPTION>
Guaranteed Money Rockwell
<S> Investment Market Common Class A Equity Loan
ASSETS Total Fund Fund Stock Fund Stock Fund Fund Fund
<C> <C> <C> <C> <C> <C> <C>
CASH $ 241 $ 107 $ 61 $ 47 $ 26
INVESTMENTS:
Rockwell International
Corporation common stock 8,269 8,017 $ 252
Value of interest in
registered investment
companies 4,197 4,197
Money market funds 4,360 85 4,139 118 18
Interest in guaranteed
investment contract trusts 8,187 8,187
Loans to participants 1,131 $ 1,131
Total investments 26,144 8,272 4,139 8,135 252 4,215 1,131
RECEIVABLE - Income 14 14
TOTAL ASSETS 26,399 8,393 4,200 8,182 252 4,241 1,131
LIABILITY - Purchases pending
settlement 14 14
NET ASSETS AVAILABLE
FOR BENEFITS $26,385 $ 8,379 $ 4,200 $ 8,182 $ 252 $ 4,241 $ 1,131
</TABLE>
See notes to financial statements.
- - -3-
<PAGE>
ROCKWELL INTEATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED SEPTEMBER 30, 1995
($ IN THOUSANDS)
<CAPTION> Guaranteed Money Rockwell Rockwell
<S> Investment Market Common Class A Equity Loan
ASSETS Total Fund Fund Stock Fund Stock Fund Fund Fund
<C> <C> <C> <C> <C> <C> <C>
NET ASSETS AVAILABLE FOR
BENEFITS, BEGINNING OF
YEAR $26,385 $ 8,379 $ 4,200 $ 8,182 $ 252 $ 4,241 $ 1,131
INCOME:
Earnings from Investments:
Dividends 256 248 8
Net investment income from
registered investment companies 1,221 1,221
Interest 378 3 234 12 2 127
Net investment income from
guaranteed investment
contract trusts 416 416
Net appreciation in fair
value of investments 3,008 2,919 89
Total earnings
from investments 5,279 419 234 3,179 97 1,223 127
Participant Contributions 3,540 1,144 654 1,086 656
Total income 8,819 1,563 888 4,265 97 1,879 127
EXPENSES:
Payments to participants
or beneficiaries 4,009 1,208 795 1,445 17 504 40
Administrative expenses 1 1
Total expenses 4,010 1,209 795 1,445 17 504 40
Net income 4,809 354 93 2,820 80 1,375 87
Net transfers between the funds - (69) 30 (13) (7) (16) 75
NET INCREASE 4,809 285 123 2,807 73 1,359 162
NET ASSETS AVAILABLE FOR
BENEFITS, END OF YEAR $31,194 $ 8,664 $ 4,323 $10,989 $ 325 $ 5,600 $ 1,293
</TABLE>
See notes to financial statements.
- - -4-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
YEAR ENDED SEPTEMBER 30, 1994
($ IN THOUSANDS)
<CAPTION>
Guaranteed Money Rockwell Rockwell
<S> Investment Market Common Class A Equity Loan
ASSETS Total Fund Fund Stock Fund Stock Fund Fund Fund
<C> <C> <C> <C> <C> <C> <C>
NET ASSETS AVAILABLE FOR
BENEFITS, BEGINNING OF
YEAR $27,051 $ 8,592 $ 4,446 $ 8,769 $ 307 $ 3,816 $ 1,121
INCOME:
Earnings from Investments:
Dividends 250 242 8
Net investment income from
registered investment companies 140 140
Interest 218 3 146 12 2 55
Net investment income from
guaranteed investment
contract trusts 424 424
Net depreciation in fair
value of investments (517) (419) (13) (85)
Total earnings (loss)
from investments 515 427 146 (165) (5) 57 55
Participant Contributions 4,234 1,479 796 1,255 704
Total income (loss) 4,749 1,906 942 1,090 (5) 761 55
EXPENSES - Payments to
participants or beneficiaries 5,415 1,960 915 1,659 42 592 247
Net income (loss) (666) (54) 27 (569) (47) 169 (192)
Net transfers between the funds (159) (273) (18) (8) 256 202
NET INCREASE (DECREASE) (666) (213) (246) (587) (55) 425 10
NET ASSETS AVAILABLE FOR
BENEFITS, END OF YEAR $26,385 $ 8,379 $ 4,200 $ 8,182 $ 252 $ 4,241 $ 1,131
</TABLE>
See notes to financial statements.
- - -5-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
NOTES TO FINANCIAL STATEMENTS
YEARS ENDED SEPTEMBER 30, 1995 AND 1994
1. DESCRIPTION OF THE PLAN
The following description of the Rockwell International Corporation
Savings Plan for Certain Represented Hourly Employees (the "Plan") is
provided for general information purposes only. Participants should
refer to the Plan document for more complete information.
a. General - The Plan is a defined contribution savings plan
established by Rockwell International Corporation (the "Company").
The Company's Employee Benefit Plan Committee, the Plan's
Administrative Committee and the Plan Administrator control and
manage the operation and administration of the Plan. Mellon Bank,
N.A. serves as the trustee for the Plan. The assets of the Plan
are managed by both the trustee and other investment managers. The
Plan is subject to the provisions of the Employee Retirement Income
Security Act of 1974.
The Plan currently provides several investment funds in which
contributions to the Plan may be invested. These are the Equity
Fund, which may invest in real or personal property, including
corporate obligations and common and preferred stock; the
Guaranteed Investment Fund, which invests in contracts with
insurance companies providing a guarantee of principal (backed by
the general assets of the insurance company) and a specified rate
of interest; the Money Market Fund, which invests in federal, state
or local government debt instruments; the Loan Fund, which
represents the outstanding balance of participants' loans from
their accounts; and the Rockwell Common Stock Fund, which invests
in Common Stock of the Company. The Plan also maintains the
Rockwell Class A Stock Fund, which consists of the Company's Class
A Common Stock, which was distributed by the Company in 1987 in
connection with a stock dividend. Cash dividends on Common Stock
and Class A Common Stock and cash contributed for investment in the
Company's Common Stock are held in the Rockwell Common Stock Fund.
All cash contributions to the Rockwell Common Stock Fund are
invested in the Company's Common Stock.
b. Participation - The Plan is extended to employees on hourly
payrolls of the Company who are covered under collective bargaining
agreements with the International Union, United Automobile,
Aerospace and Agricultural Implement Workers of America and its
Locals Nos. 887, 952, 1519 and 1558 (the "Union") and have been
employed by the Company for six months. The Plan provides that
employees electing to participate may currently contribute to the
Plan through payroll deferrals at a specified percentage (ranging
from 1% to 8%) of base compensation as defined in the Plan. Such
contributions are excluded from the participants' taxable income
until such amounts are received by them as a distribution from the
Plan.
-6-
<PAGE>
The Plan also provides that certain limitations may be imposed on
compensation deferral contributions in order to comply with
statutory limitations. An employee may change the contribution
percentage or suspend contributions at any time upon 15 days'
notice, and may resume making contributions at any time upon 15
days' notice.
c. Investment Elections - A participant may elect, and during the
months of February and August may change such investment election,
to have the compensation deferral contributions made (i) entirely
to the Equity Fund; (ii) entirely to the Guaranteed Investment
Fund; (iii) entirely to the Money Market Fund; (iv) entirely to the
Rockwell Common Stock Fund or (v) one-half to the Money Market Fund
and one-half to the Rockwell Common Stock Fund.
Participants' contributions under the Guaranteed Investment Fund
are paid to insurance companies under contracts pursuant to which
the contributions are invested by the insurance companies with
various guaranteed annual returns for specified periods of time or
until such time as the contracts may be terminated. Such contracts
guarantee the following returns:
Period of Annual Contract
Contributions Return Expiration Date
October 1, 1991 -
September 30, 1992 6.48% September 30, 1994
October 1, 1992 -
September 30, 1993 4.39% September 30, 1995
October 1, 1993 -
September 30, 1994 4.39% September 30, 1996
October 1, 1994 -
September 30, 1995 6.90% September 30, 1997
October 1, 1995 -
September 30, 1996 6.33% September 30, 1998
d. Unit Values - Participants in the various investment funds do not
own specific securities or other assets in such Funds, but they
have an interest therein represented by units valued each month on
the "Valuation Date," which is generally the last stock-trading day
of the month. Between valuation dates, contributions to and
withdrawal payments from each Fund are converted to units by
dividing the amount of such transactions by the unit value as last
determined, and the participants' accounts are charged or credited,
as the case may be, with the number of units properly attributable
to each participant. Voting rights are extended to participants in
proportion to their ownership interest in the Rockwell Common Stock
Fund and the Rockwell Class A Stock Fund.
- - -7-
<PAGE>
e. Vesting - Participants are fully vested in their accounts at all
times. Amounts contributed through compensation deferral
contributions may be distributed to participants only (i) upon
termination of employment; (ii) upon attaining the age of 59-1/2 or
(iii) upon demonstration by the participant to the Administrative
Committee that there is hardship as defined in the Plan.
f. Benefit Claims Payable - Retiring participants may irrevocably
elect at any time during the 30-day period ending on the day
immediately prior to the effective date of their retirement to
remain in the Plan without any further contributions until
January 1 of the calendar year following the effective date of
their retirement, at which time they shall be entitled to receive
their account balance valued as of the Valuation Date immediately
prior to such January 1. Terminated participants will receive
their vested benefits no later than 60 days after the end of the
Plan year in which such termination occurs. Participants
separating from service who have not attained the age of 65 and who
have an account balance greater than $3,500 must provide written
consent to the Plan Administrator in order to receive their
distribution before reaching age 65. At September 30, 1995 and
1994, the amounts of such benefit claims payable to retired and
terminated participants were approximately $460,000 and $617,000,
respectively.
g. Loans to Participants -In June 1990, the Plan Administrator,
resuming the loan program which had been suspended October 1, 1988
pending clarification of final IRS regulations, approved Appendix C
to the Plan which defines the specific procedures, terms and
conditions for the granting and administration of loans to
participants. These procedures allow a participant to apply for
and obtain a loan in an amount as defined in the Plan (not less
than $1,000 and not greater than $50,000 or 50% of the
participant's account balance) from the balance of his account.
Interest is charged at a rate equal to First Interstate Bank of
California's prime rate plus 1%. The loans can be repaid through
payroll deductions over periods ranging from 12 to 60 months or up
to 120 months for the purchase of a primary residence or they can
be repaid in full at any time. Payments of principal and interest
will be credited to the participant's account. Participants may
have only one outstanding loan at a time. Amounts due on loans to
participants who have terminated during the year are reflected as
benefit payments in the loan fund.
h. Plan Termination - The Company has the right to terminate or modify
the Plan from time to time. Benefits under the Plan shall be
provided solely from the Plan assets.
-8-
<PAGE>
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
a. Valuation of Investment Securities - Investments in the Company's
common stock are stated at fair value based upon closing sales
prices reported on recognized securities exchanges on the last
business day of the fiscal year. Investments in Class A Common
Stock of the Company are stated at fair market value based upon the
closing sales price of the Company's Common Stock into which it is
convertible.
b. Valuation of Interest in Registered Investment Companies - The
Plan's interest in registered investment companies represents
investments in Vanguard mutual funds. The Vanguard mutual funds
are stated at redemption value, which approximates fair value.
c. Valuation of Guaranteed Investment Contract Trusts - The guaranteed
investment contract trusts are valued at contract value.
Contract value represents contributions made by participants, plus
interest at the contract rates, less withdrawals or transfers by
participants. The fair value of the guaranteed annuity contract
trusts is approximately $8.8 million at September 30, 1995.
d. Valuation of Money Market Funds - Investments in money market funds
are stated at cost which approximates fair value.
e. Expenses - All costs and expenses of the Plan and its
administration, except investment management fees and expenses
incurred in the acquisition or disposition of investments, are paid
by the Company.
3. INVESTMENTS EXCEEDING 5% OF NET ASSETS
The Plan's investments which exceeded 5% of net assets available for
benefits as of September 30, 1995 and 1994 are as follows ($ in
thousands):
Description of Investment 1995 1994
John Hancock G.I.C. 4-94, 6.90% $3,464
Vanguard G.I.C. 4-91, 6.48% $2,560
Metropolitan Life Insurance Company
G.I.C. 13285, 4.39% 2,327 2,537
Prudential Asset Management Group
G.I.C. 7693, 4.39% 2,808 3,090
Vanguard Money Market Reserves
Federal Portfolio Fund 4,323 4,108
Rockwell International Corporation
Common Stock 10,875 8,017
Vanguard Group Windsor II Mutual Fund 5,600 4,197
- - -9-
<PAGE>
4. TAX STATUS
The Plan obtained its latest determination letter in 1987, in which the
Internal Revenue Service stated that the Plan, as then designed, was in
compliance with the applicable requirements of the Internal Revenue Code.
The Plan has been amended since receiving the determination letter.
Rockwell believes that the Plan is currently designed and being operated
in compliance with the applicable requirements of the Internal Revenue
Code and that, therefore, the Plan continues to qualify under Section
401(a) and the related trust continues to be tax-exempt as of
September 30, 1995. Therefore, no provision for income taxes is included
in the Plan's financial statements. Rockwell has requested a new
determination letter for the Plan.
5. UNIT VALUES
Participation units outstanding at September 30, 1995 and 1994 and
participants' equity per unit at the end of each quarter within the
fiscal years then ended are as follows:
Units Participants' Equity Per Unit
Outstanding, September June March December
Fiscal Year 1995 September 30 30 30 31 31
Equity Fund 199,167 $26.99 $24.41 $22.57 $20.53
Guaranteed Investment
Fund:
4.39% Contract 2,003,450 1.14 1.13 1.11 1.10
4.39% Contract 2,500,429 1.10 1.09 1.08 1.07
6.90% Contract 3,268,431 1.06 1.05 1.03 1.02
Money Market Fund 3,437,615 1.24 1.22 1.20 1.18
Rockwell Common
Stock Fund 697,998 15.77 15.19 12.90 11.85
Rockwell Class A
Stock Fund 23,424 13.86 13.43 11.44 10.49
Units Participants' Equity Per Unit
Outstanding, September June March December
Fiscal Year 1994 September 30 30 30 31 31
Equity Fund 199,364 $20.91 $20.30 $19.78 $20.65
Guaranteed Investment
Fund:
6.48% Contract 2,054,062 1.22 1.20 1.18 1.16
4.39% Contract 2,306,302 1.09 1.08 1.07 1.05
4.39% Contract 2,962,501 1.06 1.04 1.03 1.01
Money Market Fund 3,557,102 1.17 1.16 1.14 1.14
Rockwell Common
Stock Fund 715,220 11.36 12.39 13.13 12.31
Rockwell Class A
Stock Fund 24,858 10.04 10.87 11.62 10.87
- - -10-
<PAGE>
6. NEW ACCOUNTING STANDARD
In September 1994, the American Institute of Certified Public Accountants
issued Statement of Position 94-4, "Reporting of Investment Contracts
Held by Health and Welfare Benefit Plans and Defined Contribution Pension
Plans" ("SOP"), which is effective for plan years beginning after
December 15, 1994. The SOP requires defined contribution plans to report
investment contracts at fair value. The Plan has not adopted the SOP as
of September 30, 1995 and Plan management has not estimated the impact of
adopting the SOP at this time.
- - -11-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SEPTEMBER 30, 1995
($ IN THOUSANDS)
<CAPTION>
COLUMN B COLUMN C COLUMN D COLUMN E
<S> <C> <C> <C>
Description of investment, including
Identity of issue, collateral, rate of interest,
borrower, lessor maturity date, par or Current
or similar party maturity value Cost Value
GUARANTEED INVESTMENT FUND
Interest in Guaranteed Investment Contract Trusts
John Hancock Guaranteed Investment Contract Trust, No. 7527, 6.90% $ 3,464 $ 3,464
Metropolitan GAC Guaranteed Investment Contract Trust, No. 13285, 4.39% 2,327 2,327
Prudential Contact Guaranteed Investment Contract Trust, No. 7693, 4.39% 2,808 2,808
Total guaranteed investment contract trusts 8,599 8,599
Money Market Funds
* Mellon Bank N.A. EB Temporary Investment Fund 65 65
Total investments - guaranteed investment fund $ 8,664 $ 8,664
MONEY MARKET FUND
Money Market Funds
Vanguard Fiduciary Trust Company Vanguard Money Market Reserves
Federal Portfolio Fund $ 4,323 $ 4,323
Total investment - money market fund $ 4,323 $ 4,323
</TABLE>
(Continued)
- - -12-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SEPTEMBER 30, 1995
($ IN THOUSANDS)
<CAPTION>
COLUMN B COLUMN C COLUMN D COLUMN E
<S> <C> <C> <C>
Description of investment, including
Identity of issue, collateral, rate of interest,
borrower, lessor maturity date, par or Current
or similar party maturity value Cost Value
ROCKWELL COMMON STOCK FUND
Corporate Stock - Common
* Rockwell International Corporation 230,150 shares $ 6,028 $10,875
Money Market Funds
* Mellon Bank N.A. EB Temporary Investment Fund 117 117
Total investments - Rockwell Common Stock Fund $ 6,145 $10,992
ROCKWELL CLASS A STOCK FUND
* Rockwell International Corporation
DEL Class A 6,853 shares $ 191 $ 324
* Rockwell International DEL COM 32 shares 1 1
Total investments - Rockwell Class A Stock Fund $ 192 $ 325
</TABLE>
(Continued)
- - -13-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
ITEM 27a - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
SEPTEMBER 30, 1995
($ IN THOUSANDS)
<CAPTION>
COLUMN B COLUMN C COLUMN D COLUMN E
<S> <C> <C> <C>
Description of investment, including
Identity of issue, collateral, rate of interest,
borrower, lessor maturity date, par or Current
or similar party maturity value Cost Value
EQUITY FUND
Shares of Registered Investment Company
Vanguard Fiduciary Trust Company Vanguard Group Windsor II Mutual Fund $ 4,251 $ 5,600
Total investments - Equity Fund $ 4,251 $ 5,600
LOAN FUND
* Loans to participants Various loans $ 1,548 $ 1,548
Total investments - Loan Fund $ 1,548 $ 1,548
TOTAL INVESTMENTS - ALL FUNDS $25,123 $31,452
* Party-in-interest
</TABLE>
- - -14-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED SEPTEMBER 30, 1995
SINGLE TRANSACTIONS INVOLVING AN AMOUNT IN EXCESS
OF FIVE PERCENT OF THE CURRENT VALUE OF PLAN ASSETS
($ IN THOUSANDS)
<CAPTION>
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN G COLUMN H COLUMN F
<S> <C> <C> <C> <C> <C> <C>
Current
Identity of Purchase Selling Cost of Value of Net Gain
Party Involved Description of Asset Price Price Asset Asset or (Loss)
Mellon Bank, N.A. EB Temporary Investment Fund $2,561 $ 2,561 $ 2,561 $ -
Mellon Bank, N.A. EB Temporary Investment Fund $2,561 2,561 2,561 -
John Hancock Guaranteed Investment Contract
Contract No. #7527, 6.9% 2,529 2,529 2,529 -
Vanguard Fiduciary Guaranteed Investment
Trust Company Contract No. #1991-G491 2,561 2,561 2,561 -
</TABLE>
- - -15-
<PAGE>
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
<TABLE>
ITEM 27d - SCHEDULE OF REPORTABLE TRANSACTIONS
YEAR ENDED SEPTEMBER 30, 1995
SERIES TRANSACTIONS, WHEN AGGREGATED, INVOLVING AN AMOUNT
IN EXCESS OF FIVE PERCENT OF THE CURRENT VALUE OF PLAN ASSETS
($ IN THOUSANDS)
<CAPTION>
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN G COLUMN H COLUMN I
<S> <C> <C> <C> <C> <C> <C>
Identity of Purchase Selling Cost of Current Value Net Gain
Party Involved Description of Asset Price Price Asset of Asset or (Loss)
Mellon Bank N.A. EB Temporary Investment Fund $6,063 $6,063 $6,063 $ -
Mellon Bank N.A. EB Temporary Investment Fund $6,133 6,133 6,133 -
John Hancock Guaranteed Investment
Contract 7527, 6.90% 3,443 3,443 3,443 -
</TABLE>
- - -16-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan
Administrator has duly caused this annual report to be signed by the
undersigned, hereunto duly authorized.
ROCKWELL INTERNATIONAL CORPORATION SAVINGS PLAN
FOR CERTAIN REPRESENTED HOURLY EMPLOYEES
By Alfred J. Spigarelli
Alfred J. Spigarelli
Plan Administrator
Date: March 22, 1996
S-1
<PAGE>
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in Registration Statement
No. 2-99494 (as amended through Post-Effective Amendment No. 4 thereto) of
Rockwell International Corporation on Form S-8, and the Prospectus dated
February 1, 1996 with respect to the securities covered thereby, of our report
dated March 1, 1996, appearing in this Annual Report on Form 11-K of the
Rockwell International Corporation Savings Plan for Certain Represented Hourly
Employees for the year ended September 30, 1995.
Deloitte & Touche LLP
Pittsburgh, Pennsylvania
March 22, 1996
S-2
