Global Sourcing Principles

In addition to embracing the Company’s Purpose, Values and Principles, our Purchases people are guided by five global principles for strategic sourcing. These five principles establish a foundation for our discipline and serve as guidelines in our daily activities as we interact with external suppliers.

These principles consist of the following:

• Best Total Value
• Honest, Ethical and Fair Dealings
• Externally-Linked Supply Solutions
• Competition and Collaboration
• Supplier Incumbency

These Principles are interdependent. It is important to think of each of them as part of a total framework rather than in isolation from one another.