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
[X] Annual report pursuant to Section 15(d) of the Securities Exchange Act
of 1934 (No fee required)
For the fiscal years ended December 31, 2001 and 2000
OR
[ ] Transition report pursuant to Section 15(d) of the Securities Exchange Act
of 1934 (No fee required)
For the transition period from __________ to ____________
Commission file number 33-59853
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
B. Name of issuer of the securities held pursuant to the Plan and the
address of its principal executive office:
NORTHROP GRUMMAN CORPORATION
1840 Century Park East
Los Angeles, California 90067
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
Dated: June 28, 2002 /s/ Gary W. McKenzie
_____________________________________
By Gary W. McKenzie
Vice President-Tax
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
TABLE OF CONTENTS
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Page
INDEPENDENT AUDITORS' REPORT 1
FINANCIAL STATEMENTS:
Statements of Net Assets Available for Plan Benefits as of
December 31, 2001 and 2000 2
Statement of Changes in Net Assets Available for Plan Benefits
for the Year Ended December 31, 2001 3
Notes to Financial Statements 4-10
SUPPLEMENTAL SCHEDULE -
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
as of December 31, 2001 11-51
INDEPENDENT AUDITORS' REPORT
To the Administrative Committee of the
Northrop Grumman Savings and Investment Plan:
We have audited the accompanying statements of net assets available for plan
benefits of the Northrop Grumman Savings and Investment Plan (the "Plan") as of
December 31, 2001 and 2000, and the related statement of changes in net assets
available for plan benefits for the year ended December 31, 2001. 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 auditing standards generally accepted
in the United States of America. 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, the financial statements, referred to above, present fairly, in
all material respects, the net assets available for plan benefits as of December
31, 2001 and 2000, and the changes in net assets available for plan benefits for
the year ended December 31, 2001, in conformity with accounting principles
generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets (held
at end of year) at December 31, 2001 is presented for the purpose of additional
analysis and is not a required part of the basic financial statements but is
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. This schedule is the responsibility of the Plan's
management. Such schedule has been subjected to the auditing procedures applied
in our audit of the basic 2001 financial statements and, in our opinion, is
fairly stated in all material respects when considered in relation to the basic
financial statements taken as a whole.
/s/ Deloitte & Touche LLP
-------------------------
Los Angeles, California
June 24, 2002
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR PLAN BENEFITS AS OF
DECEMBER 31, 2001 AND 2000
--------------------------------------------------------------------------------
2001 2000
ASSETS:
Investments (Notes B, C, D, and E) $4,756,707,724 $3,988,957,330
Receivables:
Participant contributions 1,898,133 3,639,865
Employer contribution 578,646 1,370,709
Due from broker for securities sold 4,957,594 26,052,697
Dividends and interest receivable 5,425,939 4,894,710
-------------- --------------
Total assets 4,769,568,036 4,024,915,311
-------------- --------------
LIABILITIES:
Accrued expenses 2,456,199 3,282,800
Due to broker for securities purchased 112,697,349 59,459,797
-------------- --------------
Total liabilities 115,153,548 62,742,597
-------------- --------------
NET ASSETS AVAILABLE FOR PLAN BENEFITS $4,654,414,488 $3,962,172,714
============== ==============
See notes to financial statements.
- 2 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS FOR THE
YEAR ENDED DECEMBER 31, 2001
--------------------------------------------------------------------------------
INVESTMENT LOSS:
Net depreciation in fair value of investments (Notes B and C) $ (204,598,087)
Plan interest in Northrop Grumman Stable Value Master Trust investment income
(Notes B, C, D, and E) 80,586,240
Interest 22,905,219
Dividends 31,203,275
--------------
Total investment loss (69,903,353)
Less investment expenses 5,074,150
--------------
Net investment loss (74,977,503)
--------------
CONTRIBUTIONS:
Participant 181,509,637
Employer 63,941,792
--------------
Total contributions 245,451,429
--------------
Total additions 170,473,926
--------------
DEDUCTIONS:
Benefits paid to participants 380,526,477
Administrative expenses 9,106,501
--------------
Total deductions 389,632,978
--------------
TRANSFER FROM OTHER PLANS (Note A) 911,400,826
--------------
NET INCREASE 692,241,774
NET ASSETS AVAILABLE FOR PLAN BENEFITS:
Beginning of year 3,962,172,714
--------------
End of year $4,654,414,488
==============
See notes to financial statements.
- 3 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS FOR THE
YEARS ENDED DECEMBER 31, 2001 AND 2000
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A. DESCRIPTION OF THE PLAN
The following description of the Northrop Grumman Savings and Investment
Plan (the "Plan") provides only general information. Participants should
refer to the Plan document for a more complete description of the Plan's
provisions.
General - The Plan is a qualified profit-sharing and employee stock
ownership plan sponsored by Northrop Grumman Corporation (the "Company").
It was established February 1, 1962 and restated effective January 1,
1998. It covers all hourly and salaried employees who are at least 18
years old, are citizens or residents of the United States of America, and
are not covered under another plan. It is subject to the provisions of the
Employee Retirement Income Security Act of 1974, as amended ("ERISA").
On February 23, 2001, the Northrop Grumman Naval Systems Division -
Cleveland Facility Salaried Employees 401(k) Savings Plan and Northrop
Grumman Naval Systems Division - Cleveland Facility Hourly Employees
401(k) Savings Plan (collectively, the "Naval Plans") were merged with the
Plan, and the Naval Plans' participants became eligible for participation
in the Plan.
On April 12, 2001, the Northrop Grumman Electronic Sensors & Systems
Sector Savings and Investment Plan (the "ESSS Plan") was merged with the
Plan, and the ESSS Plan participants became eligible for participation in
the Plan.
On June 16, 2001, the participants in the Data Procurement Corporation,
Inc. 401(k) Retirement Plan (the "DPC Plan") became eligible for
participation in the Plan and the DPC Plan was merged with the Plan on
August 17, 2001.
On June 22, 2001, the Employees' Profit Sharing Plan of Logicon
Geodynamics, Inc. (the "Geodynamics Plan") was merged with the Plan, and
the Geodynamics Plan participants became eligible for participation in the
Plan.
On September 27, 2001, the Northrop Grumman Xetron Corporation Money
Purchase Pension Plan and the Northrop Grumman Xetron Retirement
Income/Savings Plan (the "Xetron Plans") were merged with the Plan, and
the Xetron Plans' participants became eligible for participation in the
Plan.
On September 27, 2001, the Northrop Grumman Norden Systems Employee
Savings Plan (the "Norden Plan") was merged with the Plan, and the Norden
Plan's participation became eligible for participation in the Plan.
Contributions - Plan participants may contribute between 1 and 18 percent
of eligible compensation in increments of 1 percent, on a tax-deferred
(before-tax) basis, an after tax-basis, or a combination thereof. An
active participant may change the percentage of his or her contributions.
Contributions are subject to certain limitations.
- 4 -
The Company's matching contributions are as follows:
Employee Contribution Company Match
First 2 percent of eligible compensation 100 %
Next 2 percent of eligible compensation 50 %
Next 4 percent of eligible compensation 25 %
Contribution over 8 percent 0 %
Participant Accounts - A separate account is maintained for each
participant. Each participant's account is credited with the participant's
contribution and allocations of (a) the Company's contribution, (b) Plan
earnings, and (c) administrative expenses. Allocations are based on
participant earnings on account balances, as defined in the Plan document.
The benefit to which a participant is entitled is the benefit that can be
provided from the participant's vested account.
Vesting - Plan participants are fully vested (100 percent) at all times in
the balance of their accounts (both employee and employer contributions),
none of which may be forfeited for any reason.
Investment Options - Upon enrollment in the Plan, each participant may
direct that his or her employee contributions and Company matching
contributions, in 1 percent increments, be invested in any of the
following twelve investment funds.
U.S. Equity Fund - The U.S. Equity Fund consists predominantly of
holdings in large and medium sized U.S. company stocks. The fund's
objectives are capital appreciation over the long term, along with
current income (dividends). The fund's stock investments are selected
by independent professional investment managers appointed by the Plan's
Investment Committee.
U.S. Fixed Income Fund - The Fixed Income Fund consists of holdings in
marketable, fixed-income securities rated within the three highest
investment grades (i.e., A or better) assigned by Moody's Investor
Services or Standard & Poor's Corporation, U.S. Treasury or federal
agency obligations, or cash-equivalent instruments. The fund is broadly
diversified and maintains an average maturity of 10 years. The
securities are selected by independent professional investment managers
appointed by the Plan's Investment Committee.
Northrop Grumman Stable Value Master Trust - The Northrop Grumman
Stable Value Master Trust (the "Master Trust"; see Note D) is
diversified among U.S. government securities and obligations of
government agencies, bonds, short-term investments, cash, and
investment contracts issued by insurance companies and banks. The
Master Trust is managed by an independent professional investment
manager appointed by the Plan's Investment Committee.
Northrop Grumman Fund - The Northrop Grumman Fund invests exclusively
in Northrop Grumman Corporation common stock.
Balanced Fund - The Balanced Fund is a fully diversified portfolio
consisting of fixed portions of five of the savings plan funds (Stable
Value Fund, U.S. Equity Fund, Fixed Income Fund, International Equity
Fund, and Small Cap Fund). The fund seeks to exceed the return of the
bond market and approach the return of the stock market, but with less
risk than an investment only in stocks.
International Equity Fund - The International Equity Fund consists of
stocks of a diversified group of companies in developed countries
outside the United States. The fund's objectives are capital
appreciation over the long term, along with current income (dividends).
- 5 -
Small Cap Fund - The Small Cap Fund consists of stocks of a diversified
group of small-capitalization U.S. companies. The stocks purchased by
the fund typically have a market capitalization similar to companies in
the Russell 2001 Index, which are companies with an average market
capitalization of $500 million. The fund's objective is capital
appreciation over the long term, rather than current income
(dividends).
Equity Index Fund - The Equity Index Fund consists of a diversified
portfolio of stocks, as defined by an established market index. These
stocks are selected by independent professional investment managers
appointed by the Plan's Investment Committee. This fund is designed to
provide results that closely match those of the Standard & Poor's 500
Stock Index.
High Yield Bond Fund - The High Yield Bond Fund consists of
below-investment-grade securities (i.e., BBB or lower) assigned by
Moody's Investor Services or Standard & Poor's Corporation. The fund
seeks to exceed the return of the high-quality (investment grade) bond
market.
International Bond Fund - The International Bond Fund consists of
non-U.S. dollar denominated debt instruments rated within the three
highest investment grades (i.e., A or better) by Moody's Investor
Services or Standard & Poor's Corporation. The fund's objective is to
provide a higher level of income and capital appreciation than the
domestic fixed income market.
Emerging Market Fund - The Emerging Market Fund consists of a
diversified portfolio of stocks issued by companies based in developing
countries. The fund's objective is capital appreciation over the long
term.
Schwab Personal Choice Retirement Account - The Schwab Personal Choice
Retirement Account consists of mutual funds from over 300 mutual fund
companies.
Participants may change their investment options daily.
Contributions deposited into each investment fund buy a number of units in
each fund. The value of each participant's account within each fund
depends on two factors: (1) the number of units purchased to date, and (2)
the current value of each unit. Unit values are updated daily prior to any
Plan transactions, including contributions, withdrawals, distributions,
and transfers.
Participant Notes Receivable - Participants may borrow from their fund
accounts a minimum of $1,000, up to a maximum equal to the lesser of
$50,000, reduced by the highest outstanding loan balance over the past 12
months, or 50 percent of their account balance (not including Company
contributions). A participant may not have more than two outstanding loans
at any given time. Loans will be prorated across all investment funds and
are secured by the balance in the participant's account. The interest rate
is fixed on the first business day of each month at the prime rate of the
Plan's trustee plus 1 percent. Repayments are made from payroll deductions
(for active employees) or personal check (for former employees or
employees on a leave of absence). The maximum loan period is five years,
or ten years for a loan used to acquire a dwelling that is to be the
principal residence of the participant. Loans may be prepaid in full;
partial prepayments are not permitted.
Payment of Benefits - On termination of service due to death, disability,
or retirement, a participant may receive a lump-sum payment of his or her
account balance. A participant may also delay his or her lump-sum payment
until the age of 70 1/2, if the account balance exceeds $5,000.
Distribution from the Northrop Grumman Fund will be paid in cash, stock,
or a combination of both, depending on the participant's election.
- 6 -
Withdrawals - A participant may withdraw all or a portion of his or her
after-tax contributions (plus earnings) at any time. In addition, a
participant may withdraw all or a portion of his or her Company matching
contribution (plus earnings) at any time. A participant may withdraw all
or a portion of his or her before-tax contributions for any reason after
reaching age 59 1/2, or prior to reaching age 59 1/2 in the case of
hardship (as described in the Plan document).
B. SUMMARY OF ACCOUNTING POLICIES
Basis of Accounting - The accompanying financial statements have been
prepared in accordance with accounting principles generally accepted in
the United States of America.
Use of Estimates - The preparation of financial statements in conformity
with accounting principles generally accepted in the United States of
America requires management to make estimates and assumptions that affect
the reported amounts of assets, liabilities, and changes therein, and
disclosure of contingent assets and liabilities. Actual results could
differ from those estimates.
Risk and Uncertainties - The Plan invests in various securities including
U.S. Government securities, corporate debt instruments, and corporate
stocks. Investment securities, in general, are normally exposed to various
risks, such as interest rate, credit, and overall market volatility. Due
to the ongoing level of risk associated with investment securities,
changes in the values of investment securities may occur in the near term
which could materially affect the amounts reported in the statements of
net assets available for plan benefits.
Investment Valuation and Income Recognition - In the accompanying
statement of net assets available for plan benefits as of December 31,
2001, the Plan's investments are stated at fair value, except for the
investments in insurance and investment contracts included in the Master
Trust, which are stated at contract value (see Note E). Quoted market
prices are used to determine the fair value of the investments. Notes
receivable from participants are valued at cost, which approximates fair
value.
Purchases and sales of securities are recorded on a trade-date basis.
Interest income is recorded on the accrual basis. Dividends are recorded
on the ex-dividend date.
Broker commissions, transfer taxes, and other charges and expenses
incurred in connection with the purchase, sale, or other disposition of
securities or other investments held by the Master Trust are added to the
cost of such securities or other investments, or are deducted from the
proceeds of the sale or other disposition thereof, as appropriate. Taxes
(if any) on the assets of the funds, or on any gain resulting from the
sale or other disposition of such assets, or on the earnings of the funds,
are apportioned in such a manner as the trustee deems equitable among the
participants and former participants (if any) whose interests in the Plan
are affected, and the share of such taxes apportioned to each such person
is charged against his or her account in the Plan.
Expenses - Administrative expenses of the Plan are paid by either the Plan
or the Plan's sponsor as provided in the Plan document.
Payment of Benefits - Benefits are recorded when paid.
- 7 -
C. INVESTMENTS
The following presents investments that represent 5 percent or more of the
Plan's net assets, as of December 31:
2001 2000
Northrop Grumman Corporation common stock, 4,032,315 $ 406,497,675 $ 338,548,534
and 4,078,898 shares, respectively
Plan Interest in the Northrop Grumman 1,302,113,223 873,708,082
Stable Value Master Trust
Charles Schwab Personal Choice Retirement Account 520,888,338 291,083,607
During 2001, the Plan's investments, including gains and losses on
investments bought and sold, as well as held during the year, appreciated
(depreciated) in value as follows:
Common stock $ 70,627,771
Debt obligations 1,723,765
Mutual funds (276,949,623)
-------------
Net depreciation in fair value of investments (204,598,087)
Plan interest in Northrop Grumman Stable Value
Master Trust investment income 80,586,240
-------------
$(124,011,847)
=============
D. INTEREST IN NORTHROP GRUMMAN STABLE VALUE MASTER TRUST
A portion of the Plan's investments is in the Master Trust, which was
established for the investment of the assets of the Plan and two other
Northrop Grumman Corporation sponsored savings plans. Each participating
savings plan has an undivided interest in the Master Trust. The assets of
the Master Trust are held by Primco Capital Management. At December 31,
2001 and 2000, the Plan's interests in the net assets of the Master Trust
were approximately 95 percent and 68 percent, respectively. Investment
income and administrative expenses relating to the Master Trust are
allocated among the participating plans based upon average monthly
balances invested by each plan.
Investments held in the Master Trust were as follows as of December 31:
2001 2000
Guaranteed and Synthetic Investment Contracts
(at contract value) $1,330,767,000 $1,275,250,000
Northrop Retirement Savings Temporary Investment
Fund 44,101,000 14,627,000
-------------- --------------
Total $1,374,868,000 $1,289,877,000
============== ==============
Investment income of the Master Trust totaled $84,965,000 for the year
ended December 31, 2001.
- 8 -
E. INVESTMENT CONTRACTS WITH INSURANCE COMPANIES
All investment contracts held by the Master Trust are considered to be
fully benefit responsive and therefore are recorded at contract value.
Contract value represents contributions made under the contract, plus
interest at the contract rate, less withdrawals and administrative
expenses.
The Master Trust holds wrapper contracts in order to manage the market
risk and return of certain securities held by the Master Trust. The
wrapper contracts generally modify the investment characteristics of
certain underlying securities similar to those of guaranteed investment
contracts. Each wrapper contract and its related underlying assets is
referred to as a Synthetic Investment Contract ("SIC") and is recorded at
contract value. The SICs held by the Master Trust had a contract value
totaling $1,286,790,000 and $1,264,054,000 at December 31, 2001 and 2000,
respectively. The fair value of the underlying assets related to the
wrapper contracts totaled $1,334,137,000 and $1,292,226,000 as of December
31, 2001 and 2000, respectively.
The fair value of the non-synthetic guaranteed investment contracts
totaled $45,671,000 and $10,987,000 at December 31, 2001 and 2000,
respectively.
The following information is disclosed for the investment contracts within
the Master Trust as of December 31:
2001 2000
Average yield of assets on December 31 6.30 % 6.64 %
Average crediting interest rate of assets at December 31 6.30 % 6.64 %
Average duration 3.32 years 3.20 years
F. TRANSACTIONS WITH PARTIES-IN-INTEREST
Certain Plan investments represent short-term investments managed by State
Street. State Street is the trustee as defined by the Plan, and therefore,
these transactions qualify as party-in-interest transactions. Fees paid by
the Plan for the investment management services amounted to $936,324 for
the year ended December 31, 2001. In Plan management's opinion, fees paid
during the year for services rendered by parties-in-interest were based
upon customary and reasonable rates for such services.
G. PLAN TERMINATION
Although it has not expressed any intent to do so, the Company has the
right under the Plan to discontinue its contributions at any time and to
terminate the Plan subject to the provisions of ERISA. In the event of the
Plan's termination, the interests of all participants in their accounts
are 100 percent vested and nonforfeitable.
H. FEDERAL INCOME TAX STATUS
The Internal Revenue Service has determined and informed the Company by
letter dated April 25, 2000 that the Plan, as amended, and related trust
are designed in accordance with applicable sections of the Internal
Revenue Code (the "IRC"). The plan administrator and the Plan's counsel
believe that the Plan is currently being operated in compliance with the
applicable requirements of the IRC.
- 9 -
I. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for Plan
benefits per the financial statements to the Form 5500 as of December 31,
2001:
Net assets available for Plan benefits per the financial statements $4,654,414,488
Less: Amounts allocated to withdrawing Participants (3,379,572)
--------------
Net assets available for Plan benefits per the Form 5500 $4,651,034,916
==== ==============
The following is a reconciliation of benefits paid to participants per the
financial statements to the Form 5500 for the year ended December 31,
2001:
Benefits paid to participants per the financial statements $ 380,526,477
Add: Amounts allocated to withdrawing participants at December 31, 2001 3,379,572
Less: Amounts allocated to withdrawing participants at December 31, 2000 -
--------------
Benefits paid to participants per the Form 5500 $ 383,906,049
==============
Amounts allocated to withdrawing participants are recorded on the Form
5500 for benefit claims that have been processed and approved for payment
prior to December 31, but not yet paid as of that date.
- 10 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
* NORTHROP GRUMMAN CORP Participation in the Northrop Grumman Stable $1,302,113,223
Stable Value Fund
Charles Schwab Personal Choice Retirement Account 520,888,338
* NORTHROP GRUMMAN CORP Common Stock 406,497,675
Barclays Global Invs Fds Inc S&P 500 Stock Fund 89,025,481
S&P 500 Flagship Series A Flagship S&P 500 Index Fund 82,602,514
* NORTHROP GRUMMAN CORP Participant Loans (Prime + 1%) 69,195,556
* STATE STREET BANK + TRUST CO Short Term Investment Fund 72,904,271
SSGA CME9 Bond Market Index Fund Series A 50,205,097
Capital Guardian Tr Co. Small Cap Daily Fund 49,703,703
Dresdner Rcm MIDCAP FD MIDCAP FD CL 1 32,239,942
* STATE STREET BANK + TRUST CO Short Term Investment Fund 27,929,909
CAPITAL GUARDIAN NON US Developed Market Equity 26,111,992
PIC SMALL CAP INV FUND DEBT Common Stock 25,460,731
FNMA TBA JAN 30 SINGLE FAM 6% 01 Dec 2099 24,523,475
* STATE STREET BANK + TRUST CO Short Term Investment Fund 24,005,383
FNMA TBA JAN 30 SINGLE FAM 6.5% 01 Dec 2099 23,260,000
SIT MUT FDS INC Intl Growth Fund 23,027,467
* STATE STREET BANK + TRUST CO Short Term Investment Fund 18,404,487
* STATE STREET BANK + TRUST CO Short Term Investment Fund 17,923,790
FOREIGN DISCOVER ROWE T PRICE TRUST FUND 17,915,038
PIMCO FDS HIGH YIELD FD INSTL CL 17,315,769
CITIGROUP INC Common Stock 17,264,160
EXXON MOBIL CORP Common Stock 17,052,270
SCHRODER INTL EQUITY FUND Common Stock 14,107,288
FNMA TBA JAN 30 SINGLE FAM 7% 01 Dec 2099 13,742,938
UNITED STATES TREAS BDS 12% 15 Aug 2013 13,400,512
PFIZER INC Common Stock 12,353,500
* STATE STREET BANK + TRUST CO Short Term Investment Fund 12,309,008
USA ED INC Common Stock 11,317,494
AMERICAN INTL GROUP INC Common Stock 10,719,000
MICROSOFT CORP Common Stock 9,937,500
TYCO INTL LTD NEW Common Stock 9,718,500
PFIZER INC Common Stock 9,707,460
GENERAL ELEC CO Common Stock 9,619,200
VERIZON Common StockMUNICATIONS Common Stock 9,145,542
- 11 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
* STATE STREET BANK + TRUST CO Short Term Investment Fund $ 8,848,511
FNMA TBA JAN 30 SINGLE FAM 6.5% 01 Dec 2099 8,584,000
GENERAL ELEC CO Common Stock 8,308,584
CITIGROUP INC Common Stock 8,219,810
* STATE STREET BANK + TRUST CO Short Term Investment Fund 8,181,080
CAPITAL GUARDIAN Emerging Market Equity 8,103,170
UNITED STATES TRES BD STRP PRN 0% 15 Nov 2004 8,067,760
MICROSOFT CORP Common Stock 7,711,500
AMERICAN INTL GROUP INC Common Stock 7,657,098
FNMA TBA JAN 30 SINGLE FAM 7.5% 01 Dec 2099 7,635,912
FEDERAL NATL MTG ASSN Common Stock 7,552,500
UNITED STATES TREAS NTS 4.25% 15 Nov 2003 7,378,352
FHLMC TBA JAN 15 GOLD SINGLE 6% 01 Dec 2099 7,028,420
CHEVRONTEXACO CORP Common Stock 6,953,736
APPLIED MATERIALS INC Common Stock 6,917,250
ANHEUSER BUSCH COS INC Common Stock 6,781,500
KOHLS CORP Common Stock 6,705,888
WASHINGTON MUT INC Common Stock 6,665,895
MEDTRONIC INC Common Stock 6,606,090
PHILIP MORRIS COS INC Common Stock 6,542,795
HOME DEPOT INC Common Stock 6,536,932
JOHNSON + JOHNSON Common Stock 6,501,000
INTERNATIONAL BUSINESS MACHS Common Stock 6,495,552
PFIZER INC Common Stock 6,487,580
GENERAL ELEC CO Common Stock 6,448,872
LOWES COS INC USD0.50 6,441,708
MICROSOFT CORP Common Stock 6,373,250
FED HM LN PC C53086 6.5% 01 Jun 2031 6,252,955
BANK ONE CORP Common Stock 6,080,085
CHEVRONTEXACO CORP Common Stock 5,863,720
INTEL CORP Common Stock 5,783,655
WAL MART STORES INC Common Stock 5,755,000
UNITED STATES TREAS NTS 6.75% 15 May 2005 5,696,876
GUIDANT CORP Common Stock 5,645,328
AMGEN INC Common Stock 5,644,000
CITIGROUP INC Common Stock 5,633,568
FEDERAL NATL MTG ASSN Common Stock 5,541,150
VIACommon Stock INC Class B FORMERLY Common Stock NON VTG 5,513,099
- 12 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
PEPSICO INC Common Stock $ 5,482,494
UNITED STATES TREAS NTS 7% 15 Jul 2006 5,442,967
CONOCO INC Common Stock 5,396,867
JOHNSON + JOHNSON Common Stock 5,342,640
TYCO INTL LTD NEW Common Stock 5,283,330
PROCTER + GAMBLE CO Common Stock 5,277,971
INTERNATIONAL BUSINESS MACHS Common Stock 5,273,856
WAL MART STORES INC Common Stock 5,271,580
PFIZER INC Common Stock 5,189,466
FOREST LABS INC Common Stock 5,064,510
CITIGROUP INC Common Stock 5,048,000
AMERICAN HOME PRODUCTS CORP Common Stock 5,013,112
SCHLUMBERGER LTD Common Stock 4,983,965
APPLERA CORP APPLIED BIOSYS Common Stock 4,959,801
FED HM LN PC C45299 7.5% 01 Dec 2030 4,956,000
SBC Common StockMUNICATIONS INC Common Stock 4,951,088
FEDERAL NATL MTG ASSN Common Stock 4,921,050
SEPRACOR INC Common Stock 4,878,630
PEPSICO INC Common Stock 4,869,000
FNMA TBA NOV 30 SINGLE FAM 6.5% 01 Dec 2099 4,766,238
ABBOTT LABS Common Stock Non-Participating 4,749,900
INTERNATIONAL BUSINESS MACHS Common Stock 4,729,536
OMNICommon Stock GROUP Common Stock 4,717,680
PHARMACIA CORP Common Stock 4,691,500
* STATE STREET BANK + TRUST CO Short Term Investment Fund 4,644,244
AMERICAN HOME PRODUCTS CORP Common Stock 4,602,000
KLA TENCOR CORP Common Stock 4,495,092
JOHNSON + JOHNSON Common Stock 4,479,780
CISCO SYS INC Common Stock 4,473,170
UNITED TECHNOLOGIES CORP Common Stock 4,472,396
EXXON MOBIL CORP Common Stock 4,470,847
BAKER HUGHES INC Common Stock 4,435,481
GENERAL ELEC CO Common Stock 4,420,824
WASHINGTON MUT INC Common Stock 4,407,960
JP MORGAN INSTL FDS International Bond Fund 4,406,805
CAMPBELL SOUP CO Common Stock 4,364,007
- 13 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
US BANCORP DEL NEW Common Stock $ 4,357,626
LILLY ELI + CO Common Stock 4,319,700
KELLOGG CO Common Stock 4,301,290
BANK AMER CORP Common Stock 4,292,057
UNITED STATES TREAS BDS 9.25% 15 Feb 2016 4,199,513
WAL MART STORES INC Common Stock 4,183,885
TEXAS INSTRS INC Common Stock 4,163,600
LIBERTY MEDIA CORP NEW Common Stock Series A 4,151,000
ALLSTATE CORP Common Stock 4,054,110
ASTRAZENECA PLC SPONSORED ADR 4,038,636
LIBERTY MEDIA CORP NEW Common Stock Series A 4,030,600
HOME DEPOT INC Common Stock 4,006,836
EXXON MOBIL CORP Common Stock 3,989,893
VERIZON Common StockMUNICATIONS Common Stock 3,989,013
SCHERING PLOUGH CORP Common Stock 3,939,100
BANK ONE CORP Common Stock 3,920,620
UNOCAL CORP Common Stock 3,888,346
GENENTECH INC Common Stock 3,868,025
BELLSOUTH CORP Common Stock 3,864,595
UNITED STATES TREAS BDS 5.375% 15 Feb 2031 3,828,551
WILLIAMS COS INC Common Stock 3,776,960
AMERICAN INTL GROUP INC Common Stock 3,747,680
AES CORP Common Stock 3,731,070
XL CAPITAL LTD Shares A 3,700,080
BAXTER INTL INC Common Stock 3,689,744
AT + T CORP Common Stock 3,667,908
TIFFANY + CO NEW Common Stock 3,647,373
FIRST DATA CORP Common Stock 3,640,080
TERADYNE INC Common Stock 3,595,702
TYCO INTL LTD New Common Stock 3,587,010
GENERAL DYNAMICS CORP Common Stock 3,583,800
MERCK + CO INC Common Stock 3,528,000
MICROSOFT CORP Common Stock 3,524,500
GOLDMAN SACHS GROUP INC Common Stock 3,524,500
DELL Common StockPUTER CORP Common Stock 3,468,168
BANK ONE CORP Common Stock 3,467,640
COLGATE PALMOLIVE CO Common Stock 3,465,000
- 14 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
FEDERAL HOME LN MTG CORP 7% 15 Mar 2010 $ 3,460,222
GNMA I TBA DEC 30 SINGLE FAM 7% 15 Dec 2099 3,452,838
GNMA I TBA JAN 30 SINGLE FAM 7% 15 Dec 2099 3,446,719
INTEL CORP Common Stock 3,424,905
FEDEX CORP Common Stock 3,424,080
SPRINT CORP PCS Common Stock SER 1 3,412,518
DLJ MTG ACCEP CORP 6.75% 19 Jun 2028 3,371,080
KIMBERLY CLARK CORP Common Stock 3,356,694
MERCK + CO INC Common Stock 3,339,840
UNITED STATES TREAS NTS 7.25% 15 May 2004 3,323,748
BANK ONE CORP Common Stock 3,280,200
AMERICAN HOME PRODUCTS CORP Common Stock 3,270,488
BERKSHIRE HATHAWAY INC DEL Class A 3,250,800
CISCO SYS INC Common Stock 3,225,391
FEDERAL HOME LN MTG CORP 5.625% 15 Mar 2011 3,206,176
MBNA CORP Common Stock 3,203,200
PHARMACIA CORP Common Stock 3,199,944
WORLDCommon Stock INC/WORLDCommon Stock GRP Common Stock 3,168,000
AOL TIME WARNER INC Common Stock 3,145,800
SBC Common StockMUNICATIONS INC Common Stock 3,133,600
VIACommon Stock INC Class B 3,130,235
CISCO SYS INC Common Stock 3,129,408
GENUINE PARTS CO Common Stock 3,119,500
ABBOTT LABS Common Stock Non-Participating 3,116,425
WELLS FARGO + CO NEW Common Stock 3,102,330
HASBRO INC Common Stock 3,067,470
FLUOR CORP NEW Common Stock 3,055,580
AMGEN INC Common Stock 3,047,760
USA NETWORKS INC Common Stock 3,045,065
Common StockCAST CORP Class A 3,042,000
HARLEY DAVIDSON INC Common Stock 3,025,067
MOTOROLA INC Common Stock 3,023,526
LIBERTY MEDIA CORP NEW Common Stock Series A 3,007,200
HOUSEHOLD INTL INC Common Stock 3,007,086
UNITED PARCEL SVC INC Class B 2,997,500
UNITED STATES TREAS NTS 5.25% 15 May 2004 2,971,581
MORGAN STANLEY DEAN WITTER+CO Common Stock 2,955,870
- 15 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
CABLEVISION NY GROUP CLASS A Class A $ 2,937,155
AOL TIME WARNER INC Common Stock 2,937,150
WHIRLPOOL CORP Common Stock 2,933,200
UNITED STATES TREAS BDS 6.25% 15 Aug 2023 2,930,577
DOW CHEM CO Common Stock 2,923,794
XEROX CORP Common Stock 2,917,600
VIACommon Stock INC Class B 2,913,900
TYCO INTL LTD NEW Common Stock 2,891,990
EDISON INTL Common Stock 2,891,650
DOW CHEM CO Common Stock 2,867,922
ILLINOIS TOOL WKS INC Common Stock 2,857,784
MAY DEPT STORES CO Common Stock 2,847,460
PROCTER + GAMBLE CO Common Stock 2,832,854
GOLDEN WEST FINL CORP DEL Common Stock 2,824,800
NIKE INC Class B 2,812,000
J P MORGAN CHASE + CO Common Stock 2,802,585
GOLDMAN SACHS GROUP INC Common Stock 2,801,050
BANK AMER CORP Common Stock 2,788,685
EMERSON ELEC CO Common Stock 2,757,930
UNITED STATES TREAS BDS 5.25% 15 Feb 2029 2,724,488
UNION PAC CORP Common Stock 2,718,900
PHILLIPS PETE CO Common Stock 2,711,700
LOWES COS INC USD0.50 2,710,344
MERRILL LYNCH + CO INC Common Stock 2,694,604
EL PASO CORP Common Stock 2,681,061
INTEL CORP Common Stock 2,673,250
MCDONALDS CORP Common Stock 2,665,529
KEYCORP NEW Common Stock 2,660,362
MINNESOTA MNG + MFG CO Common Stock 2,659,725
CITIGROUP INC Common Stock 2,657,772
BANK AMER CORP Common Stock 2,655,231
FNMA POOL 576600 6% 01 Dec 2009 2,645,554
FLEETBOSTON FINL CORP Common Stock 2,624,350
UNIVISION Common StockMUNICATIONS INC Class A 2,621,808
ALLSTATE CORP Common Stock 2,618,490
AT + T CORP Common Stock 2,612,160
BAXTER INTL INC Common Stock 2,601,055
- 16 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
UNITED TECHNOLOGIES CORP Common Stock $ 2,598,126
COCA COLA CO Common Stock 2,593,250
VERISIGN INC Common Stock 2,586,720
CNF INC Common Stock 2,579,995
ANHEUSER BUSCH COS INC Common Stock 2,576,970
V F CORP Common Stock 2,555,155
FEDERAL NATL MTG ASSN 5.5% 15 Feb 2006 2,550,017
BRISTOL MYERS SQUIBB CO Common Stock 2,550,000
AGILENT TECHNOLOGIES INC Common Stock 2,548,309
HARTFORD FINANCIAL SVCS GRP Common Stock 2,538,332
SPRINT CORP Common Stock Series 1 2,533,758
LASMO USA INC 7.5% 30 Jun 2006 2,525,992
ORACLE CORP Common Stock 2,525,849
ALCOA INC Common Stock 2,520,495
MORGAN STANLEY DEAN WITTER+CO Common Stock 2,478,142
UNITED STATES TREAS BDS 8% 15 Nov 2021 2,462,253
LB UBS Common StockL MTG TR 6.058% 15 Jun 2020 2,455,494
WASTE MGMT INC DEL Common Stock 2,399,632
COUNTRYWIDE CR INDS INC Common Stock 2,392,648
PROCTER + GAMBLE CO Common Stock 2,373,900
FNMA TBA JAN 15 SINGLE FAM 6% 01 Dec 2099 2,355,875
HOUSEHOLD INTL INC Common Stock 2,306,012
HEINZ H J CO Common Stock 2,298,608
AOL TIME WARNER INC Common Stock 2,296,755
WELLS FARGO + CO NEW Common Stock 2,294,160
CIGNA CORP Common Stock 2,279,190
SBC Common StockMUNICATIONS INC Common Stock 2,264,026
SUN MICROSYSTEMS INC Common Stock 2,257,050
AOL TIME WARNER INC Common Stock 2,247,000
FLEXTRONICS INTERNATIONAL Common Stock 2,243,065
HOUSEHOLD INTL INC Common Stock 2,219,102
UNOCAL CORP Common Stock 2,218,305
OCCIDENTAL PETE CORP Common Stock 2,201,990
LILLY ELI + CO Common Stock 2,199,120
ENTERGY CORP Common Stock 2,197,982
ARROW ELECTRS INC Common Stock 2,197,650
AVNET INC Common Stock 2,182,779
- 17 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
PEPSICO INC Common Stock $ 2,181,312
MERRILL LYNCH + CO INC Common Stock 2,168,192
Common StockCAST CORP Class A 2,160,000
FEDERAL NATL MTG ASSN 6% 15 May 2011 2,155,764
US BANCORP DEL NEW Common Stock 2,128,707
VIACommon Stock INC Class B 2,124,719
PACKAGING CORP AMER Common Stock 2,119,920
GANNETT INC Common Stock 2,111,022
CHEVRONTEXACO CORP Common Stock 2,105,835
FINANCING CORP CPN FICO STRP .01% 30 May 2005 2,097,592
NEW YORK TIMES CO Class A 2,071,675
CENDANT CORP Common Stock 2,055,128
UNITED STATES TREAS NTS 6% 15 Aug 2009 2,050,722
FNMA POOL 323457 5.5% 01 Dec 2013 2,039,956
TEXAS INSTRS INC Common Stock 2,039,800
PNC FINL SVCS GROUP INC Common Stock 2,034,440
GENERAL MLS INC Common Stock 2,033,591
WACHOVIA CORP 2ND NEW Common Stock 2,032,128
ALLSTATE CORP Common Stock 2,032,110
HOUSEHOLD INTL INC Common Stock 2,027,900
AMERICAN STD COS INC DEL Common Stock 2,012,785
COX Common StockMUNICATIONS INC NEW Class A 2,011,680
BARCLAYS BK PLC 1% 29 Sep 2049 2,005,326
MARRIOTT INTL INC NEW Class A 2,004,045
FNMA TBA JAN 30 SINGLE FAM 6.5% 01 Dec 2099 2,000,000
FNMA POOL 6.5% 01 Dec 2031 1,999,800
WACHOVIA CORP 2ND NEW Common Stock 1,997,632
J P MORGAN CHASE + CO Common Stock 1,980,057
ANADARKO FIN CO 7.5% 01 May 2031 1,974,879
FREEPORT MCMORAN COPPER + GOLD Senior Note Convertible 144A 1,966,934
FNMA TBA JAN 15 SINGLE FAM 5.5% 31 Dec 2099 1,966,260
VERIZON WIRELES CAP LLC 5.375% 15 Dec 2006 1,960,973
LINCOLN NATL CORP IN 6.2% 15 Dec 2011 1,954,424
CARGILL INC 6.25% 01 May 2006 1,954,090
ABBOTT LABS Common Stock Non-Participating 1,951,250
SCHLUMBERGER LTD Common Stock 1,950,725
PHILIP MORRIS COS INC Common Stock 1,948,625
- 18 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
VODAFONE AIRTOUCH PLC 7.75% 15 Feb 2010 1,937,849
BED BATH + BEYOND INC Common Stock $ 1,935,690
TENET HEALTHCARE CORP Common Stock 1,920,144
TYCO INTL GROUP SA 6.375% 15 Feb 2006 1,916,641
CARNIVAL CORP Common Stock 1,915,056
JOHNSON + JOHNSON Common Stock 1,908,930
CINCINNATI FINL CORP Common Stock 1,907,500
PPG INDS INC Common Stock 1,903,296
UNOCAL CORP Common Stock 1,886,461
CONVERGYS CORP Common Stock 1,867,002
BANK NEW YORK INC Common Stock 1,860,480
UNITED STATES TRES BD STRP PRN 0% 15 May 2017 1,860,044
PMI GROUP INC Common Stock 1,856,177
DEVON FING CORP U L C 6.875% 30 Sep 2011 1,851,778
AMBAC FINL GROUP INC Common Stock 1,851,520
TENET HEALTHCARE CORP Common Stock 1,843,808
PHILIP MORRIS COS INC Common Stock 1,838,585
* STATE STREET BANK + TRUST CO Short Term Investment Fund 1,827,436
BECTON DICKINSON + CO Common Stock 1,826,565
PHILLIPS PETE CO 8.5% 25 May 2005 1,816,469
AMERADA HESS CORP Common Stock Non-Participating 1,812,500
DONNELLEY R R + SONS CO Common Stock 1,811,090
CISCO SYS INC Common Stock 1,811,000
EQUITY OFFICE PPTYS TR Common Stock 1,804,800
QWEST CAP FDG INC 7.75% 15 Feb 2031 1,803,391
DOVER CORP Common Stock 1,801,602
DEERE + CO Common Stock 1,796,609
PERKINELMER INC Common Stock 1,789,522
SUNTRUST BKS INC Common Stock 1,786,950
SAFEWAY INC NEW Common Stock 1,786,900
TJX COS INC NEW Common Stock 1,785,728
HOME DEPOT INC Common Stock 1,785,350
AUTONATION INC DEL Common Stock 1,777,986
STARBUCKS CORP Common Stock 1,769,745
ABBOTT LABS Common Stock Non-Participating 1,761,700
DELTA AIR LINES INC DEL PASS 6.619% 18 Mar 2011 1,761,170
WORLDCommon Stock INC/WORLDCommon Stock GRP Common Stock 1,760,000
- 19 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
ALCOA INC Common Stock $ 1,759,725
INTERNATIONAL PAPER CO Common Stock 1,759,260
CHECKFREE CORP NEW Common Stock 1,756,800
WACHOVIA CORP 2ND NEW Common Stock 1,756,160
INDYMAC BANCORP INC Common Stock 1,753,500
CAPITAL ONE FINL CORP Common Stock 1,747,980
AOL TIME WARNER INC 7.625% 15 Apr 2031 1,735,596
AMERICAN HOME PRODUCTS CORP Common Stock 1,730,352
CATERPILLAR INC Common Stock 1,724,250
QUINTILES TRANSNATIONAL CORP Common Stock 1,722,165
TEXAS INSTRS INC Common Stock 1,719,200
BOWATER INC Common Stock 1,712,430
KRAFT FOODS INC Class A 1,701,500
AMAZON Common Stock INC Conv Sub Nt 1,693,926
ARCHER DANIELS MIDLAND CO Common Stock 1,687,560
PHARMACIA CORP Common Stock 1,684,675
WALGREEN CO Common Stock 1,683,000
UNITED STATES TREAS BDS 8.5% 15 Feb 2020 1,674,598
MEDIMMUNE INC Common Stock 1,663,965
HEWLETT PACKARD CO Common Stock 1,663,740
PARKER HANNIFIN CORP Common Stock 1,661,942
LOEWS CORP Common Stock 1,661,400
INTEL CORP Common Stock 1,660,560
COLGATE PALMOLIVE CO Common Stock 1,657,425
PROGRESS ENERGY INC Common Stock 1,657,104
JOHNSON CTLS INC Common Stock 1,655,375
ALCOA INC Common Stock 1,649,520
WISCONSIN ENERGY CORP Common Stock 1,642,368
NAVISTAR INTL CORP INC Common Stock 1,639,250
BANK NEW YORK INC Common Stock 1,632,000
PMC SIERRA INC Common Stock 1,617,886
V F CORP Common Stock 1,599,410
KENNAMETAL INC Common Stock 1,590,665
FED HM LN PC 6% 01 Jul 2016 1,574,942
INGERSOLL RAND CO Common Stock 1,563,694
METLIFE INC Common Stock 1,558,656
QWEST Common StockMUNICATIONS INTL INC Common Stock 1,558,539
- 20 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
NOVELLUS SYS INC Common Stock $ 1,554,330
GLOBALSANTAFE CORPORATION Shares 1,551,488
WATERS CORP Common Stock 1,550,000
CABLEVISION SYS CORP RAINBOW MEDIA GROUP Common Stock 1,549,925
PEPSICO INC Common Stock 1,543,473
MEDIMMUNE INC Common Stock 1,543,455
HARTFORD FINANCIAL SVCS GRP Common Stock 1,539,335
HEWLETT PACKARD CO Common Stock 1,519,960
DTE ENERGY CO Common Stock 1,514,034
GENERAL MTRS CORP NEW Class H 1,509,465
LOWES COS INC USD0.50 1,508,325
AIR PRODS + CHEMS INC Common Stock 1,501,120
KIMBERLY CLARK CORP Common Stock 1,495,000
APPLIED MATERIALS INC Common Stock 1,491,720
BJS WHSL CLUB INC Common Stock 1,490,580
COLGATE PALMOLIVE CO Common Stock 1,489,950
HOUSEHOLD FIN CORP 6.4% 17 Jun 2008 1,487,765
CATERPILLAR INC Common Stock 1,483,900
TMP WORLDWIDE INC Common Stock 1,475,760
EQUITY OFFICE PPTYS TR Common Stock 1,473,920
KIMBERLY CLARK CORP Common Stock 1,471,080
MASCO CORP Common Stock 1,470,000
SCHERING PLOUGH CORP Common Stock 1,468,210
NEWS AMER HLDGS INC 7.7% 30 Oct 2025 1,463,850
DISNEY WALT CO Common Stock 1,456,616
NORDSTROM INC Common Stock 1,456,560
INTERNATIONAL PAPER CO Common Stock 1,452,600
CLOROX CO Common Stock 1,447,530
COCA COLA CO Common Stock 1,447,505
TERADYNE INC Common Stock 1,446,720
NORFOLK SOUTHN CORP 7.25% 15 Feb 2031 1,443,876
TRANSOCEAN SEDCO FOREX INC Shares 1,440,732
PRAXAIR INC Common Stock 1,436,500
TORCHMARK INC Common Stock 1,435,545
KRAFT FOODS INC Class A 1,432,663
BECTON DICKINSON + CO Common Stock 1,425,450
BANK AMER CORP Common Stock 1,422,670
- 21 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
BLACK + DECKER CORPORATION Common Stock $ 1,422,421
UNITED STATES TREAS BDS 8.125% 15 Aug 2019 1,420,493
TARGET CORP Common Stock 1,416,225
KINDER MORGAN MGMT LLC Shares 1,412,798
ST PAUL COS INC Common Stock 1,407,040
MBIA INC Common Stock 1,405,106
GENERAL DYNAMICS CORP Common Stock 1,401,664
FNMA POOL 6% 01 Sep 2016 1,396,671
TJX COS INC NEW Common Stock 1,391,114
SCHLUMBERGER LTD Common Stock 1,390,235
K MART CORP Common Stock 1,381,380
GREENPOINT FINL CORP Common Stock 1,379,950
KLA TENCOR CORP Common Stock 1,377,768
FEDERATED DEPT STORES INC DEL Common Stock 1,374,240
ROBERT HALF INTL INC Common Stock 1,372,380
BURLINGTON NORTHN SANTA FE Common Stock 1,372,293
APPLIED MATERIALS INC Common Stock 1,371,420
TXU CORP Common Stock 1,367,350
GENENTECH INC Common Stock 1,356,250
WEYERHAEUSER CO Common Stock 1,352,000
FORD MTR CO DEL Common Stock 1,350,348
INTERPUBLIC GROUP COS INC Common Stock 1,349,978
GENENTECH INC Common Stock 1,345,400
GRAINGER W W INC Common Stock 1,344,000
COUNTRYWIDE CR INDS INC Common Stock 1,343,816
BAXTER INTL INC Common Stock 1,340,750
GILLETTE CO Common Stock 1,336,000
EATON CORP Common Stock 1,331,939
WELLS FARGO + CO NEW Common Stock 1,329,570
AT + T CORP Common Stock 1,327,848
WEATHERFORD INTL INC NEW Common Stock 1,321,799
AMERICAN INTL GROUP INC Common Stock 1,318,040
PEREGRINE SYS INC Common Stock 1,310,972
HEWLETT PACKARD CO Common Stock 1,306,344
SOLECTRON CORP Common Stock 1,305,096
LOCKHEED MARTIN CORP Common Stock 1,302,093
ANALOG DEVICES INC Common Stock 1,300,627
- 22 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
BAKER HUGHES INC Common Stock $ 1,294,685
PINNACLE WEST CAP CORP Common Stock 1,288,980
UNIVISION Common StockMUNICATIONS INC Class A 1,286,628
DEUTSCHE TELEKOM INTL 8% 15 Jun 2010 1,286,318
MCDONALDS CORP Common Stock 1,270,560
DELPHI AUTOMOTIVE SYS CORP Common Stock 1,270,380
SBC Common StockMUNICATIONS INC Common Stock 1,269,108
DOMINION RES INC VA NEW Common Stock 1,268,110
FEDERAL HOME LN MTG CORP 5.5% 15 Jul 2006 1,264,206
NRG ENERGY INC Common Stock 1,260,150
CONOCO INC Common Stock 1,253,690
SAFEWAY INC NEW Common Stock 1,252,500
WELLPOINT HEALTH NETWORKS INC Common Stock 1,250,295
FEDERAL NATL MTG ASSN 6% 15 May 2008 1,246,872
WAL MART STORES INC Common Stock 1,237,325
WORLDCommon Stock INC/WORLDCommon Stock GRP Common Stock 1,236,928
OWENS ILL INC NEW Common Stock 1,234,764
EMERSON ELEC CO Common Stock 1,233,360
TARGET CORP Common Stock 1,231,500
COCA COLA ENTERPRISES INC Common Stock 1,231,100
GEMSTAR TV GUIDE INTL INC Common Stock 1,229,880
NCR CORP NEW Common Stock 1,227,438
FNMA POOL 6.5% 01 Oct 2031 1,226,367
BURLINGTON RES FIN CO 7.2% 15 Aug 2031 1,218,798
ENGELHARD CORP Common Stock 1,217,920
FEDEX CORP Common Stock 1,213,992
* STATE STREET BANK + TRUST CO Short Term Investment Fund 1,213,458
RUSSELL FRANK CO 5.625% 15 Jan 2009 1,212,383
ROHM + HAAS CO Common Stock 1,212,050
COSTCO WHSL CORP NEW Common Stock 1,211,574
PHILLIPS PETE CO Common Stock 1,211,226
BAXTER INTL INC Common Stock 1,206,675
CHUBB CORP Common Stock 1,200,600
FED HOME LN MTG CORP 6.625% 15 Sep 2009 1,198,654
AMERICAN ELEC PWR INC Common Stock 1,197,075
NATIONAL Common StockM FINL CORP Common Stock 1,196,690
LAMAR ADVERTISING CO Class A 1,193,988
- 23 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
PG+E CORP Common Stock $ 1,192,880
DELL Common StockPUTER CORP Common Stock 1,190,484
AMEREN CORP Common Stock 1,184,400
TENET HEALTHCARE CORP 6.375% 01 Dec 2011 1,175,084
MARRIOTT INTL INC NEW Class A 1,174,785
ORACLE CORP Common Stock 1,173,850
AFLAC INC Common Stock 1,169,056
COCA COLA CO Common Stock 1,164,605
INTERNATIONAL BUSINESS MACHS Common Stock 1,161,216
LINCOLN NATL CORP IN Common Stock 1,155,966
HEWLETT PACKARD CO Common Stock 1,154,348
MATTEL INC Common Stock 1,152,400
VERITAS SOFTWARE CORP Common Stock 1,152,131
SCHWAB CHARLES CORP NEW Common Stock 1,144,780
GANNETT INC Common Stock 1,142,910
FPL GROUP INC Common Stock 1,139,280
BECTON DICKINSON + CO Common Stock 1,137,045
GENERAL MTRS CORP Common Stock 1,133,158
AIR PRODS + CHEMS INC Common Stock 1,125,840
THERMO ELECTRON CORP Common Stock 1,116,648
VIACommon Stock INC Class B 1,103,750
MERRILL LYNCH + CO INC Common Stock 1,099,732
BOWATER INC Common Stock 1,097,100
EASTMAN CHEM CO Common Stock 1,092,560
PRUDENTIAL FINL INC Common Stock 1,088,632
DELL Common StockPUTER CORP Common Stock 1,087,200
WELLS FARGO + CO NEW Common Stock 1,086,250
GILLETTE CO Common Stock 1,085,500
ANADARKO PETE CORP Common Stock 1,080,150
FEDERAL HOME LN MTG PC GTD 0% 15 Sep 2003 1,073,650
ZIONS BANCORP Common Stock 1,072,632
KNIGHT RIDDER INC Common Stock 1,071,345
SYSCO CORP Common Stock 1,069,776
LILLY ELI + CO Common Stock 1,068,144
ANDRX CORP DEL Common Stock 1,063,191
AMERISOURCEBERGEN CORP Common Stock 1,061,285
SABRE HLDGS CORP Class A 1,058,750
- 24 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
SYSCO CORP Common Stock $ 1,054,044
WATERS CORP Common Stock 1,054,000
LOCKHEED MARTIN CORP Common Stock 1,045,408
INTERNATIONAL GAME TECHNOLOGY Common Stock 1,044,990
FED HM LN PC C41473 7.5% 01 Aug 2030 1,043,480
STORAGE TECHNOLOGY CORP Common Stock 1,039,701
DOUBLECLICK INC Common Stock 1,038,744
FORD MTR CO DEL Common Stock 1,031,877
EASTMAN KODAK CO Common Stock 1,030,050
FORD MTR CR CO 7.6% 01 Aug 2005 1,028,660
Common StockPUTER SCIENCES CORP Common Stock 1,028,580
KING PHARMACEUTICALS INC Common Stock 1,027,972
NASDAQ 100 TR UNIT SER 1 1,027,224
VODAFONE GROUP PLC NEW SPONSORED ADR 1,027,200
NOVELLUS SYS INC Common Stock 1,021,755
FEDERAL NATL MTG ASSN REMIC 6% 25 Mar 2009 1,020,930
AVAYA INC Common Stock 1,016,955
WEYERHAEUSER CO Common Stock 1,016,704
LABORATORY CORP AMER HLDGS NEW Common Stock 1,010,625
QUALCommon StockM INC Common Stock 1,010,000
BROADCommon Stock CORP Class A 1,009,489
STARWOOD HOTELS + RESORTS Common Stock 1,005,945
CORNING INC Common Stock 1,000,824
AGILENT TECHNOLOGIES INC Common Stock 997,479
XCEL ENERGY INC Common Stock 993,092
FNMA POOL 437645 6% 01 Jul 2013 989,746
JONES APPAREL GROUP INC Common Stock 988,466
HALLIBURTON CO Common Stock 987,740
FNMA POOL 5.5% 01 Dec 2016 983,218
FNMA POOL 5.5% 01 Dec 2016 983,218
FNMA POOL 254140 0.99% 01 Jan 2017 983,120
FNMA POOL 5.5% 01 Dec 2016 983,120
ARCH CHEMICALS INC Common Stock 977,880
FNMA TBA JAN 30 SINGLE FAM 6% 01 Dec 2099 977,810
UNITED STATES TRES BD STRP PRN 0% 15 Nov 2021 974,376
KEYCORP NEW Common Stock 971,166
UNITED TECHNOLOGIES CORP Common Stock 969,450
- 25 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
BOEING CAP CORP 5.65% 15 May 2006 966,857
ADOBE SYS INC Common Stock $ 965,655
SMITH INTL INC Common Stock 965,160
SCHERING PLOUGH CORP Common Stock 963,289
RADIOSHACK CORP Common Stock 963,200
VERISIGN INC Common Stock 962,412
AMERICREDIT CORP Common Stock 962,275
QLOGIC CORP Common Stock 961,416
CADENCE DESIGN SYS INC Common Stock 960,096
EATON CORP Common Stock 959,889
SPRINT CAP CORP 7.625% 30 Jan 2011 954,435
BOISE CASCADE CORP Common Stock 952,280
ORACLE CORP Common Stock 948,747
LAUDER ESTEE COS INC Common Stock 945,770
XILINX INC Common Stock 945,010
NOMURA ASSET SECS CORP 6.59% 15 Mar 2030 943,944
LEHMAN BROTHERS HLDGS INC Common Stock 941,880
FINANCING CORP CPN FICO STRIPS 0.01% 07 Mar 2009 939,302
GOLDMAN SACHS GROUP INC Common Stock 936,775
INGERSOLL RAND CO Common Stock 936,544
TORCHMARK INC Common Stock 932,121
UNITED STATES TREAS BDS 10.375% 15 Nov 2012 928,906
LUCENT TECHNOLOGIES INC Common Stock 926,517
GEORGIA PAC CORP Common Stock 924,935
FAMILY DLR STORES INC Common Stock 923,384
APPLIED MICRO CIRCUITS CORP Common Stock 921,448
EQUITY RESIDENTIAL PPTYS TR SH Ben Int 918,720
LINEAR TECHNOLOGY CORP Common Stock 917,440
VERIZON NEW ENG INC 6.5% 15 Sep 2011 915,309
BOEING CO Common Stock 915,208
GENERAL MTRS CORP Common Stock 913,680
* STATE STREET BANK + TRUST CO Short Term Investment Fund 911,508
HUMAN GENOME SCIENCES INC Common Stock 910,440
SUN MICROSYSTEMS INC Common Stock 910,200
DOLLAR GEN CORP Common Stock 908,900
Common StockPUWARE CORP Common Stock 906,651
WISCONSIN ENERGY CORP Common Stock 902,400
- 26 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
FEDERAL NATL MTG ASSN 6% 15 May 2011 $ 899,930
MASCO CORP Common Stock 899,150
AMGEN INC Common Stock 897,396
VERITAS SOFTWARE CORP Common Stock 896,600
FNMA POOL 402853 6.5% 01 Dec 2027 893,266
FNMA POOL 6.5% 01 Nov 2031 890,269
FINANCING CORP CPN FICO STRIPS 0.01% 30 May 2009 888,335
NORTHERN TRUST CORP Common Stock 885,234
EMULEX CORP Common Stock 885,024
SUNGARD DATA SYS INC Common Stock 879,472
CHASE MANHATTAN CORP NEW 7.875% 15 Jun 2010 874,064
EDISON INTL Common Stock 871,270
BROCADE Common StockMUNICATIONS SYS INC Common Stock 871,056
HCA INC Common Stock 871,004
FOREST LABS INC Common Stock 868,670
FED HM LN PC E00677 6% 01 Jun 2014 863,488
MACROMEDIA INC Common Stock 863,300
SUN MICROSYSTEMS INC Common Stock 861,000
MASSACHUSETTS MUT LIFE INS CO 7.5% 01 Mar 2024 855,977
ALTERA CORP Common Stock 855,166
DELPHI AUTOMOTIVE SYS CORP Common Stock 855,116
MATTEL INC Common Stock 851,400
CENTAUR FUNDING Preferred Shares Series B 144A 843,600
AVON PRODS INC Common Stock 841,650
MOTOROLA INC Common Stock 841,120
KRAFT FOODS INC Class A 837,138
PITNEY BOWES INC Common Stock 834,942
* STATE STREET BANK + TRUST CO Short Term Investment Fund 827,956
DOW CHEM CO Common Stock 827,610
IDEC PHARMACEUTICALS CORP Common Stock 827,160
FEDERAL HOME LN MTG CORP Common Stock 824,040
CHARTER Common StockMUNICATIONS INC DEL Class A 821,500
AT + T CORP Common Stock 815,847
NIKE INC Class B 809,856
JEFFERSON PILOT CORP Common Stock 805,098
CITICORP 6.75% 15 Aug 2005 802,391
EQUITY SECS TR I EQUITY TR SECS EXCH NY Class A 801,000
- 27 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
KELLOGG CO 7.45% 01 Apr 2031 $ 798,127
UNUMPROVIDENT CORP Common Stock 795,300
PACIFICARE HEALTH SYSTEMS Common Stock 793,600
NISOURCE INC Common Stock 790,958
CHARTER Common StockMUNICATIONS INC DEL Class A 790,283
NCR CORP NEW Common Stock 788,804
BROADCommon Stock CORP Class A 788,791
ABERCROMBIE AND FITCH CO Class A 785,288
DILLARDS INC Class A 784,000
MURPHY OIL CORP Common Stock 781,572
FORD MTR CO DEL 7.45% 16 Jul 2031 779,901
LB Common StockL CONDUIT MTG TR 5.87% 15 Aug 2006 779,169
GENZYME CORP Common Stock 778,180
FNMA POOL 535626 6.5% 01 Dec 2011 773,958
ALCAN INC Common Stock 772,495
KIMBERLY CLARK CORP Common Stock 771,420
CISCO SYS INC Common Stock 769,675
GILEAD SCIENCES INC Common Stock 768,924
GLOBALSANTAFE CORPORATION Common Stock 768,101
FNMA POOL 6.5% 01 Dec 2031 764,366
NORTROP GRUMMAN CORP Cash Account 756,479
AMERICAN EXPRESS CO Common Stock 753,059
QUEST DIAGNOSTICS INC Common Stock 752,955
PRUDENTIAL SECS SECD FING CORP 6.955% 15 Jun 2008 752,617
STILWELL FINANCIAL INC Common Stock 748,550
GNMA POOL 494596 6.5% 15 Jan 2029 746,569
GNMA POOL 781035 6.5% 15 May 2029 745,771
NEW JERSEY ECONOMIC DEV AUTH 0% 15 Feb 2020 742,875
ZIMMER HOLDINGS INC Common Stock 742,122
LINCARE HLDGS INC Common Stock 742,035
CHARTER Common StockMUNICATIONS INC DEL Class A 739,350
DELTA AIR LINES INC Common Stock 737,352
FLUOR CORP NEW Common Stock 736,780
FNMA POOL 6.5% 01 Oct 2031 736,621
DOLE FOOD INC Common Stock 735,142
J P MORGAN CHASE Common StockL MTG SECS 6.044% 15 Nov 2035 731,796
MORTGAGE CAP FDG INC 6.663% 18 Jan 2008 728,607
- 28 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
E TRADE GROUP INC Common Stock $ 726,725
PMC SIERRA INC Common Stock 724,966
LEAR CORP Common Stock 724,660
DANA CORP Common Stock 721,760
UNILEVER N V Common Stock 720,125
Common StockM 1999 1 6.455% 15 Sep 2008 719,183
LUCENT TECHNOLOGIES INC Common Stock 718,859
PEPSICO INC Common Stock 715,743
CYTYC CORP Common Stock 715,140
HONEYWELL INTL INC Common Stock 713,602
SPRINT CORP Common Stock Series 1 710,331
FNMA POOL 7% 01 Oct 2031 709,401
UNUMPROVIDENT CORP Common Stock 705,166
AFFILIATED Common StockPUTER SVCS INC Class A 700,458
BIOVAIL CORP Common Stock 697,500
PRUDENTIAL SECS SECD FING CORP 6.48% 15 Jan 2009 695,581
ITT INDS INC Common Stock 691,850
METRIS COS INC Common Stock 691,599
SOUTHTRUST CORP Common Stock 690,760
CHUBB CORP Common Stock 690,000
AMERICREDIT CORP Common Stock 687,790
PPL CORP Common Stock 686,545
PROTEIN DESIGN LABS INC Common Stock 685,520
FEDERAL NATL MTG ASSN 5.5% 15 Feb 2006 685,156
CDW Common StockPUTER CTRS INC Common Stock 682,117
TEMPLE INLAND INC Common Stock 680,760
APPLERA CORP APPLIED BIOSYS Common Stock 679,371
HOME DEPOT INC Common Stock 678,433
UNITED STATES TREAS BDS 6.75% 15 Aug 2026 676,404
TRANSOCEAN SEDCO FOREX INC SHS 676,400
LB Common StockL CONDUIT MTG TR 6.48% 18 Jan 2008 671,155
Common StockED TRANSITIONAL FDG TR 5.63% 25 Jun 2009 668,738
ADELPHIA Common StockMUNICATIONS CORP Class A 667,252
WELLPOINT HEALTH NETWORKS INC Common Stock 666,045
BAUSCH + LOMB INC Common Stock 662,816
Common StockPAQ Common StockPUTER CORP Common Stock 662,704
NOVELLUS SYS INC Common Stock 658,815
- 29 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
BOSTON PPTYS INC Common Stock $ 657,400
DANAHER CORP Common Stock 657,379
INVITROGEN CORP Common Stock 656,458
FOX ENTMT GROUP INC Class A 655,291
UNION PLANTERS CORP Common Stock 654,385
BANK ONE CORP 6.5% 01 Feb 2006 653,456
RESIDENTIAL FDG MTG SECS 6.5% 25 Sep 2014 652,306
AMSOUTH BANCORPORATION Common Stock 652,050
HCA INC Common Stock 651,326
HOUSEHOLD FIN CORP 8% 09 May 2005 650,926
BURLINGTON RES INC Common Stock 645,688
AMEREN CORP Common Stock 642,960
BJ SVCS CO Common Stock 642,510
JDS UNIPHASE CORP Common Stock 642,320
A T + T WIRELESS SVCS INC Common Stock 636,548
SUNGARD DATA SYS INC Common Stock 636,460
ALLTEL CORP Common Stock 629,646
MINERALS TECHNOLOGIES INC Common Stock 624,976
ADAPTEC INC Common Stock 622,050
ROWAN COS INC Common Stock 621,777
NEXTEL Common StockMUNICATIONS INC Class A 621,432
FNMA POOL 535649 6% 01 Dec 2030 616,385
MARSHALL + ILSLEY CORP Common Stock 613,816
M + T BK CORP Common Stock 610,483
BELL ATLANTIC FINL SVCS INC 7.6% 15 Mar 2007 610,211
VALERO ENERGY CORP Common Stock 609,920
UNITED STATES TRES SC STRP INT 0% 15 Feb 2012 609,308
UNITED STATES TREAS NTS 5% 15 Aug 2011 608,091
BISYS GROUP INC Common Stock 607,905
PACIFIC CENTY FINL CORP Common Stock 603,237
REGAL BELOIT CORP Common Stock 601,680
FED HM LN PC E00985 6% 01 Jun 2016 599,839
PECO ENERGY TRANS TR 6.13% 01 Mar 2009 599,537
FORD MTR CO DEL Common Stock PAR USD0.01 597,360
CINERGY CORP Common Stock 595,054
HARSCO CORP Common Stock 593,390
E M C CORP MASS Common Stock 592,704
- 30 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
FNMA POOL 5.5% 01 Dec 2016 $ 589,872
FED HM LN PC C52226 6.5% 01 May 2031 587,763
GUIDANT CORP Common Stock 587,640
EASTMAN KODAK CO Common Stock 585,657
NETIQ Common Stock 585,316
FNMA POOL 6.5% 01 Jul 2016 582,923
EDWARDS A G INC Common Stock 578,627
VERITAS SOFTWARE CORP Common Stock 578,307
SEITEL INC Common Stock 578,000
FNMA POOL 535913 6.5% 01 May 2031 572,436
REGIS CORP MINNESOTA Common Stock 572,316
MICREL INC Common Stock 571,814
FED HM LN PC E74599 6% 01 Jan 2014 570,930
XILINX INC Common Stock 570,130
VALERO ENERGY CORP Common Stock 567,988
YAHOO INC Common Stock 567,680
ROYAL CARIBBEAN CRUISES LTD SHS 565,380
QWEST Common StockMUNICATIONS INTL INC Common Stock 565,200
GOODRICH CORP Common Stock 564,344
VISHAY INTERTECHNOLOGY INC Common Stock 564,272
DLJ Common StockL MTG CORP 1% 10 Jun 2032 561,409
GARDNER DENVER INC Common Stock 560,232
FNMA POOL 323887 6% 01 Dec 2013 559,817
SIEBEL SYS INC Common Stock 559,600
SIERRA PAC RES NEW Common Stock 558,355
RAYTHEON CO 8.3% 01 Mar 2010 557,570
FIRST UN NATL BK Common StockL MTG TR 6.223% 12 Oct 2011 555,569
LSI LOGIC CORP Common Stock 555,456
FOSTERS FIN CORP 6.875% 15 Jun 2011 550,580
KB HOME Common Stock 549,370
AIR PRODS + CHEMS INC Common Stock 548,847
PACTIV CORP Common Stock 546,700
INTEGRATED DEVICE TECHNOLOGY Common Stock 545,095
ALBERTO CULVER CO Class B CONV 541,354
WPS RES CORP Common Stock 540,940
PULTE HOMES INC Common Stock 540,507
SCHWEITZER MAUDUIT INTL INC Common Stock 539,125
- 31 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
GNMA POOL 781275 6% 15 Oct 2014 $ 538,371
BORG WARNER AUTOMOTIVE INC Common Stock 538,175
CORN PRODUCTS INTL INC Common Stock 535,800
LN Common StockL CONDUIT MTG TR 7.325% 15 Sep 2009 533,438
* STATE STREET BANK + TRUST CO Short Term Investment Fund 533,394
BLACK + DECKER CORPORATION Common Stock 531,993
ULTRAMAR DIAMOND SHAMROCK Common Stock 529,436
PEMEX FIN LTD 9.14% 15 Aug 2004 528,585
PNM RES INC Common Stock 525,460
MAXIM INTEGRATED PRODS INC Common Stock 525,100
VORNADO RLTY TR Common Stock 524,160
SIEBEL SYS INC Common Stock 523,226
CMS ENERGY CORP Common Stock 521,451
MICRON TECHNOLOGY INC Common Stock 520,800
HIBERNIA CORP Class A 517,689
MEDICIS PHARMACEUTICAL CORP Class A NEW 516,720
TALBOTS INC Common Stock 514,750
RALCORP HLDGS INC NEW Common Stock 513,020
FNMA POOL 323437 5.5% 01 Dec 2013 512,600
GENERAL MTRS CORP Common Stock 510,300
FNMA POOL 7% 01 Dec 2031 509,375
AMERISOURCEBERGEN CORP Common Stock 501,473
FNMA POOL 6.5% 01 Oct 2031 498,805
Common StockPAQ Common StockPUTER CORP Common Stock 498,736
AMERICAN ELEC PWR INC Common Stock 496,242
LINEAR TECHNOLOGY CORP Common Stock 495,808
GREEN TREE FINL CORP 7.35% 15 May 2027 495,700
INTERSTATE BAKERIES CORP Del New Common Stock 495,690
JABIL CIRCUIT INC Common Stock 495,296
AVNET INC Common Stock 492,641
COOPER CAMERON CORP Common Stock 492,392
FED HM LN PC C53726 6.5% 01 Jun 2031 491,996
FNMA POOL 5.5% 01 Nov 2016 491,609
FNMA POOL 5.5% 01 Dec 2016 491,609
KLA TENCOR CORP Common Stock 490,644
AXCELIS TECHNOLOGIES INC Common Stock 489,356
TYCO INTL GROUP S A 6.375% 15 Oct 2011 489,100
- 32 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
USA ED INC Common Stock $ 487,316
ECOLAB INC Common Stock 487,025
VERIZON GLOBAL FDG CORP 7.25% 01 Dec 2010 486,618
FNMA POOL 577289 6% 01 Apr 2031 483,340
CREDENCE SYSTEMS CORP Common Stock 482,820
TESORO PETE CORP Common Stock 482,448
PRIME HOSPITALITY CORP Common Stock 481,780
KING PHARMACEUTICALS INC Common Stock 481,672
COOPER CAMERON CORP Common Stock 480,284
DOW CHEM CO Common Stock 476,298
TEXAS INDS INC Common Stock 476,010
FNMA POOL 332895 6% 01 Dec 2010 475,681
RTI INTL METALS INC Common Stock 475,610
AT+T CORP 6.5% 15 Mar 2029 473,927
BANKNORTH GROUP INC NEW Common Stock 472,920
LENNAR CORP Common Stock 472,882
FNMA POOL 6.5% 01 Nov 2031 470,366
BB+T CORP Common Stock 469,430
STANDARD PAC CORP NEW Common Stock 469,376
FNMA POOL 437246 6% 01 Sep 2028 468,091
HIBERNIA CORP Class A 467,877
PRUDENTIAL INS CO AMER 6.875% 15 Apr 2003 465,030
FNMA POOL 535629 6% 01 Dec 2011 463,308
KROGER CO 7.8% 15 Aug 2007 461,512
FELCOR LODGING TR INC Common Stock 461,196
TECH DATA CORP Common Stock 458,768
MILLENNIUM PHARMACEUTICALS Common Stock 458,337
HUTCHINSON TECHNOLOGY INC Common Stock 457,434
DIAL CORP NEW Common Stock 456,190
WESTAMERICA BANCORPORATION Common Stock 455,055
UNITED STATES TRES BD STRP PRN 0% 15 Nov 2018 454,413
EVEREST REINSURANCE GROUP LTD Shares 452,480
HORACE MANN EDUCATORS CORP NEW Common Stock 451,986
GBC BANCORP CALIF Common Stock 451,350
Common StockMERCIAL METALS CO Common Stock 451,242
KRISPY KREME DOUGHNUTS INC Common Stock 450,840
L 3 Common StockMUNICATIONS HLDG CORP Common Stock 450,000
- 33 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
UNITED STATES TREAS NTS 5.875% 15 Nov 2004 $ 449,837
TELEPHONE + DATA SYS INC Common Stock 448,750
DST SYS INC DEL Common Stock 448,650
BOWATER INC Common Stock 448,380
GENERAL MTRS ACCEP CORP 7.75% 19 Jan 2010 448,228
QWEST CAP FDG INC 7.9% 15 Aug 2010 448,210
AMERICREDIT CORP Common Stock 448,010
AFFILIATED Common StockPUTER SVCS INC Class A 445,746
KB HOME Common Stock 445,110
TIME WARNER INC 7.57% 01 Feb 2024 444,762
HUGHES SUPPLY INC Common Stock 444,528
NSTAR Common Stock 444,015
BROCADE Common StockMUNICATIONS SYS INC Common Stock 443,808
COLUMBIA SPORTSWEAR CO Common Stock 442,890
EOP OPER LTD PARTNERSHIP 7.375% 15 Nov 2003 441,592
SCHEIN HENRY INC Common Stock 440,657
INVACARE CORP Common Stock 438,230
BARRICK GOLD CORP Common Stock 437,030
BRISTOL MYERS SQUIBB CO Common Stock 433,500
ALLSTATE CORP 7.875% 01 May 2005 433,092
FNMA POOL 457101 5.5% 01 Jan 2014 432,515
CREDIT SUISSE FIRST BOSTON MTG 6.103% 15 Sep 2010 432,150
STERIS CORP Common Stock 431,172
DLJ Common StockL MTG CORP 6.24% 12 Nov 2031 430,453
BIO RAD LABORATORIES INC Class A 430,440
UNIVERSAL HEALTH SVCS INC Class B 427,800
FNMA POOL 6.5% 01 Dec 2031 427,464
CONMED CORP Common Stock 425,148
VIACommon Stock INC 7.875% 30 Jul 2030 425,021
EMPIRE DIST ELEC CO Common Stock 424,200
CSX CORP Common Stock 424,105
* STATE STREET BANK + TRUST CO Short Term Investment Fund 423,911
BRISTOL MYERS SQUIBB CO Common Stock 423,300
OGE ENERGY CORP Common Stock 422,364
MACK CA RLTY CORP Common Stock 421,872
GNMA POOL 781029 6.5% 15 May 2029 421,625
NEW JERSEY RES CORP Common Stock 421,200
- 34 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
RADIAN GROUP INC Common Stock $ 420,910
FED HM LN PC C01160 6.5% 01 Apr 2031 419,877
Common StockPASS BANCSHARES INC Common Stock 416,010
3M EMPLOYEE ST OWNERSHIP PLAN 5.62% 15 Jul 2009 415,816
MICHAELS STORES INC Common Stock 415,170
WISCONSIN ENERGY CORP Common Stock 415,104
ESTERLINE TECHNOLOGIES CORP Common Stock 414,659
DOW CHEM CO 5.75% 15 Dec 2008 414,431
PLAYTEX PRODS INC Common Stock 414,375
SCOTTS CO Class A 414,120
GENERAL MTRS ACCEP CORP 7.25% 02 Mar 2011 412,923
G E CAP MTG SVCS INC 4.75125% 25 Jan 2009 412,317
UNITED STATES TRES BD STRP PRN 0% 15 Feb 2019 412,126
LANCASTER COLONY CORP Common Stock RTS CALLABLE THRU 4/20/00 411,916
PROTECTIVE LIFE CORP Common Stock 410,806
AIRBORNE INC Common Stock 410,791
KELLWOOD CO Common Stock 410,571
TEXAS INDS INC Common Stock 409,590
NATIONSLINK FDG CORP 6.001% 20 Aug 2030 409,240
FISERV INC Common Stock 408,388
WASHINGTON FED INC Common Stock 408,355
AOL TIME WARNER INC 7.625% 15 Apr 2031 407,442
TCF FINANCIAL CORP Common Stock 403,032
CHARTER ONE FINL INC Common Stock 401,820
DAIMLER CHRYSLER NORTL HLDG CO 7.2% 01 Sep 2009 401,788
BRINKER INTL INC Common Stock 400,272
WORLDCommon Stock INC GA NEW 7.375% 15 Jan 2006 400,027
PARKER HANNIFIN CORP Common Stock 399,417
R G S ENERGY GROUP INC Common Stock 398,560
KEMET CORP Common Stock 395,825
BOB EVANS FARMS INC Common Stock 395,577
DYNEGY INC NEW Class A 395,250
HEINZ H J CO Common Stock 394,752
EXTREME NETWORKS INC Common Stock 394,740
SIEBEL SYS INC Common Stock 394,518
TESORO PETE CORP Common Stock 393,300
UCAR INTL INC Common Stock 392,690
- 35 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
SEMTECH CORP Common Stock $ 392,590
PRICE T ROWE GROUP INC Common Stock 392,449
ANDREW CORP Common Stock 391,831
INTERNET SEC SYS INC Common Stock 391,132
IRON MTN INC PA Common Stock 389,820
OWENS ILL INC Common Stock 389,610
CTS CORP Common Stock 389,550
PAREXEL INTL CORP Common Stock 388,885
WELLMAN INC Common Stock 388,799
WHOLE FOODS MKT INC Common Stock 387,684
ARDEN RLTY INC Common Stock 386,900
SOUTHWESTERN ENERGY CO Common Stock 383,760
GRANITE CONSTR INC Common Stock 382,872
CROMPTON CORP Common Stock 382,860
MOOG INC Class A 382,590
DARDEN RESTAURANTS INC Common Stock 382,320
GOLDEN ST BANCORP INC Common Stock 381,790
ROSS STORES INC Common Stock 381,752
AT + T CORP 7.3% 15 Nov 2011 380,201
HASBRO INC Common Stock 379,782
IDACORP INC Common Stock 377,580
BOSTON PPTYS INC Common Stock 376,200
TEREX CORP NEW Common Stock 375,356
POLYCommon Stock INC Common Stock 374,770
FORD MTR CR MTN BE 7.75% 15 Feb 2007 374,213
IDEXX LABS INC Common Stock 373,481
MAXIM INTEGRATED PRODS INC Common Stock 372,821
NORTHEAST UTILS Common Stock 371,993
BURLINGTON RES FIN CO 7.4% 01 Dec 2031 371,588
CALIFORNIA WATER SERVICE GRP Common Stock 370,800
LIBERTY PROPERTY SH Ben Int Supp 370,140
TELEDYNE TECHNOLOGIES INC Common Stock 369,783
TIFFANY + CO NEW Common Stock 368,199
FEDERAL NATL MTG ASSN REMIC 7.68% 25 Sep 2007 367,896
ALLIANT CORP Common Stock 367,356
P F CHANGS CHINA BISTRO INC Common Stock 364,210
MUELLER INDS INC Common Stock 362,425
- 36 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
RUDDICK CORP Common Stock $ 361,374
ACCREDO HEALTH INC Common Stock 359,285
FEDERAL NATL MTG ASSN GTD 0% 25 Jun 2008 359,230
CHASE Common StockL MTG SECS CORP 6.6% 19 Nov 2007 358,744
CHRISTOPHER + BANKS CORP Common Stock 357,913
MCDATA CORPORATION Class A 357,700
Common StockMERCIAL METALS CO Common Stock 356,796
ROCK TENN CO Common Stock Class A 355,680
FORD MTR CR CO 7.375% 01 Feb 2011 355,248
LUBRIZOL CORP Common Stock 354,409
LILLY ELI + CO Common Stock 353,430
DELL Common StockPUTER CORP Common Stock 353,340
PRINCIPAL FINANCIAL GROUP Common Stock 352,800
BED BATH + BEYOND INC Common Stock 352,560
METRIS COS INC Common Stock 352,227
FNMA POOL 535979 6% 01 Dec 2014 351,924
PERRIGO CO Common Stock 349,872
GREATER BAY BANCORP Common Stock 348,676
SUMMIT PPTYS INC Common Stock 347,778
UNITED STATES TREAS BDS 7.875% 15 Feb 2021 345,807
NICOR INC Common Stock 345,612
IVAX CORP Common Stock 344,394
COASTAL CORP 7.75% 15 Jun 2010 344,092
TECO ENERGY INC Common Stock 343,744
ANHEUSER BUSCH COS INC Common Stock 343,596
HENRY JACK + ASSOC INC Common Stock 342,888
BEST BUY CO INC Common Stock STK USD0.10 342,608
MCDONALDS CORP Common Stock 341,463
RETEK INC Common Stock 340,518
MOHAWK INDS INC Common Stock 340,256
RESIDENTIAL FDG MTG SECS I INC 6.5% 25 Apr 2013 339,827
FULLER H B CO Common Stock 339,486
FIRST AMERICAN CORP Common Stock 339,194
ATLANTA GA DOWNTOWN DEV AUTH 6.875% 01 Feb 2021 339,167
PENN ENGR + MFG CORP Common Stock Non Voting 338,350
UNIVERSAL HEALTH SVCS INC Class B 337,962
HARLEYSVILLE GROUP INC Common Stock 336,849
- 37 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
ROHM + HAAS CO Common Stock $ 335,911
EUROPEAN INVEST BK 5.625% 24 Jan 2006 335,156
CHESAPEAKE CORP Common Stock 333,720
PENTAIR INC Common Stock 332,241
NORTEL NETWORKS CORP Common Stock 331,500
MERCURY INTERACTIVE CORP Common Stock 329,606
WILLIAMS COS INC 7.75% 15 Jun 2031 329,274
VISTEON CORP Common Stock 327,872
TOSCO CORP 7.625% 15 May 2006 327,864
STRYKER CORP Common Stock 326,872
CYTEC INDS INC Common Stock 326,700
LEGG MASON INC Common Stock 324,870
MICROSOFT CORP Common Stock 324,625
NORWEST ASSET SECS CORP 6.75% 25 Dec 2014 322,573
JLG INDS INC Common Stock 321,630
FORD MTR CR CO 7.875% 15 Jun 2010 319,505
MOODYS CORP Common Stock 318,880
DELTA AIRLINES INC DEL PASS 7.57% 18 Nov 2010 317,379
KROGER CO Common Stock 317,224
FED HM LN PC C29191 6.5% 01 Jul 2029 316,307
APARTMENT INVT. + MGMT CO Class A 315,537
PMI GROUP INC Common Stock 314,947
LAM RESH CORP Common Stock 313,470
SUN LIFE CDA US CAKP TR I 8.526% 29 May 2049 312,663
MODINE MFG CO Common Stock 312,622
SYMBOL TECHNOLOGIES INC Common Stock 310,454
NORTH FORK BANCORPORATION INC Common Stock 310,303
PHARMACIA CORP 5.75% 01 Dec 2005 310,215
RADIO ONE INC Class D 309,772
INVITROGEN CORP Common Stock 309,650
FNMA POOL 7% 01 Sep 2031 309,349
AMERICAN TOWER CORP Class A 308,722
ELANTEC SEMICONDUCTOR INC Common Stock 307,200
SCIOS INC Common Stock 306,633
VODAFONE AIRTOUCH PLC 7.75% 15 Feb 2010 306,552
WORLDCommon Stock INC GA NEW 8.25% 15 May 2031 305,785
FNMA POOL 535095 6.5% 01 Dec 2014 305,452
- 38 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
SEARS ROEBUCK ACCEP CORP 7% 01 Feb 2011 $ 304,971
APPLIED MATERIALS INC Common Stock 304,760
MELLON FINL CORP Common Stock 304,722
BRUNSWICK CORP Common Stock 304,640
WOLVERINE TUBE INC Common Stock 304,180
VARCO INTL INC DEL Common Stock 304,109
CONOCO FDG CO 6.35% 15 Oct 2011 303,867
HANCOCK JOHN GLOBAL FDG II MTN 7.9% 02 Jul 2010 303,782
GUIDANT CORP Common Stock 303,780
PULTE HOMES INC Common Stock 303,488
AMERICAN NATL INS CO Common Stock 302,760
FED HM LN PC C27874 7% 01 Jun 2029 302,231
UNITED STATES TREAS NTS 6.25% 28 Feb 2002 302,016
CITICORP MTG SECS INC 6.4753% 25 Sep 2014 301,981
PARK PL ENTMT CORP Common Stock 301,693
SBA Common StockMUNCATIONS CORP Common Stock 299,460
CHARTER ONE FINL INC Common Stock 298,514
FIRSTENERGY CORP Common Stock 297,330
Common StockPUTER ASSOC INTL INC Common Stock 296,614
MSC INDL DIRECT INC Class A 296,250
UNITED STATES TRES BD STRP PRN 0% 15 Aug 2020 294,795
FNMA POOL 479193 6% 01 Jan 2029 294,606
LONGS DRUG STORES CORP Common Stock 294,588
CYTEC INDS INC Common Stock 294,300
COOPER INDS INC Common Stock 293,328
MENS WEARHOUSE INC Common Stock 293,230
INVITROGEN CORP Common Stock 291,071
ALTERA CORP Common Stock 290,714
DUKE RLTY CORP Common Stock 290,403
CHASE Common StockL MTG SECS CORP 7.319% 15 Sep 2010 289,326
CHARTER ONE FINL INC Common Stock 288,985
Common StockCAST CABLE Common StockMUNICATIONS 8.875% 01 May 2017 287,810
CORPORATE EXECUTIVE BRD CO Common Stock 286,260
MENTOR CORP MINN Common Stock 285,600
FURNITURE BRANDS INTL INC Common Stock 284,978
VANDERBILT MTG + FIN INC 7.43% 07 Feb 2012 284,908
CYTYC CORP Common Stock 284,490
- 39 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
CONOCO INC 5.9% 15 Apr 2004 $ 284,083
VERISIGN INC Common Stock 281,496
LOCKHEED MARTIN CORP 8.2% 01 Dec 2009 281,440
REGIONS FINL CORP Common Stock 281,436
EXELON CORP 6.75% 01 May 2011 280,711
HELMERICH AND PAYNE INC Common Stock 280,392
CONSOLIDATED NAT GAS CO 6.85% 15 Apr 2011 280,019
BURLINGTON NORTHN SANTA FE CRP 7.95% 15 Aug 2030 280,003
ALASKA AIR GROUP INC Common Stock 279,360
ABM INDS INC Common Stock 279,015
MORGAN STANLEY CAP I INC 6.53% 15 Mar 2031 278,997
GAP INC Common Stock 278,800
INSIGHT ENTERPRISES INC Common Stock 278,103
US FREIGHTWAYS CORP Common Stock 276,320
VANDERBILT MTG + FIN INC 7.175% 07 Jun 2009 276,269
JLG INDS INC Common Stock 275,835
OSHKOSH TRUCK CORP Common Stock 275,438
VIACommon Stock INC 6.625% 15 May 2011 274,957
AFFILIATED MANAGERS GROUP INC Common Stock 274,872
LOCKHEED MARTIN CORP 7.7% 15 Jun 2008 274,043
CITIZENS BKG CORP MICH Common Stock 272,904
FNMA POOL 535978 5.5% 01 Dec 2014 271,927
PAYCHEX INC Common Stock 271,830
RIVERSTONE NETWORKS INC Common Stock 270,580
CERTEGY INC Common Stock 270,338
ALLTRISTA CORP Common Stock 270,040
TRIAD HOSPS INC Common Stock 270,020
WACHOVIA CORP NEW 7.45% 15 Jul 2005 269,735
MAXIMUS INC Common Stock 269,184
BJS WHSL CLUB INC Common Stock 269,010
LEAR CORP Common Stock 266,980
PROLOGIS TR SH Ben Int 266,724
FNMA POOL 253706 6.5% 01 Apr 2016 265,720
WASHINGTON FED INC Common Stock 265,534
ADVENT SOFTWARE INC Common Stock 264,735
FIRST REP BK SAN FRANCISCO CA Common Stock 264,443
POTOMAC ELEC PWR CO Common Stock 264,069
- 40 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
AVISTA CORP Common Stock $ 263,874
GENERAL MTRS ACCEP CORP 8% 01 Nov 2031 263,039
AMERADA HESS CORP 5.9% 15 Aug 2006 261,929
WACHOVIA CORP 2ND NEW 4.95% 01 Nov 2006 260,270
TIME WARNER ENTMT CO L P 8.375% 15 Jul 2033 260,171
NEW YORK TIMES CO Class A 259,500
GENERAL MTRS ACCEP CORP 6.875% 15 Sep 2011 259,183
COPART INC Common Stock 258,227
THE INTERCEPT GROUP INC Common Stock 257,670
RELIANT ENERGY INC Common Stock 257,244
FNMA POOL 6.5% 01 Sep 2031 257,040
ALEXANDER + BALDWIN INC Common Stock 256,320
ABGENIX INC Common Stock 255,664
MOBILE MINI INC Common Stock 254,280
CAREER ED CORP Common Stock 253,672
FNMA POOL 535506 6.5% 01 Aug 2030 253,446
CONOCO FDG CO 6.35% 15 Oct 2011 253,223
RADIOSHACK CORP Common Stock 252,840
MYRIAD GENETICS INC Common Stock 252,672
POST PPTYS INC Common Stock 252,121
BRIGGS + STRATTON CORP Common Stock 251,930
LTX CORP Common Stock 251,280
KENNAMETAL INC Common Stock 249,674
TORO CO Common Stock 247,500
KELLY SVCS INC Class A 247,357
ANIXTER INTL INC Common Stock 246,585
GENERAL GROWTH PPTYS INC Common Stock 244,440
VALERO ENERGY CORP Common Stock 243,968
CAPCO AMER SECURITIZATION CORP 6.26% 15 Sep 2008 243,713
SIMON PPTY GROUP INC NEW Common Stock 243,439
ULTRAMAR DIAMOND SHAMROCK Common Stock 242,452
MAY DEPT STORES CO Common Stock 240,370
IMPATH INC Common Stock 240,354
SUN MICROSYSTEMS INC Common Stock 239,850
FOOT LOCKER INC Common Stock 236,315
TEXACO CAP INC 9.75% 15 Mar 2020 236,184
FNMA POOL 6.5% 01 Nov 2031 235,535
- 41 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
WILLIAMS SONOMA INC Common Stock $ 231,660
DTE ENERGY CO 6.45% 01 Jun 2006 230,751
SPRINT CAP CORP 5.875% 01 May 2004 230,343
JDS UNIPHASE CORP Common Stock 230,020
NABORS INDUSTRIES INC Common Stock 230,011
COGNIZANT TECHNOLOGY SOLUTIONS Class A 229,488
FNMA POOL 303975 10% 01 Nov 2018 227,342
BRIGHT HORIZONS FAMILY SOLUT Common Stock 226,719
MEDICIS PHARMACEUTICAL CORP Class A NEW 226,065
PROTECTIVE LIFE CORP Common Stock 225,654
VODAFONE AIRTOUCH PLC 7.875% 15 Feb 2030 225,636
VARIAN INC Common Stock 223,836
ROCKWELL INTL CORP NEW Common Stock 223,250
GENERAL MTRS ACCEP CORP 6.75% 15 Jan 2006 222,823
RETEK INC Common Stock 221,038
FNMA POOL 6.5% 01 Aug 2016 219,973
STRIDE RITE CORP Common Stock 218,770
LOCKHEED MARTIN CORP 7.75% 01 May 2026 218,000
LIBERTY PROPERTY SH Ben Int Supp 217,905
TETRA TECH INC NEW Common Stock 217,641
VALERO ENERGY CORP Common Stock 217,284
MONSANTO CO NEW Common Stock 216,320
LEHMAN BROS HLDGS INC 6.25% 15 May 2006 215,309
WILMINGTON TR CORP Common Stock 215,254
CITIGROUP INC 7.25% 01 Oct 2010 214,526
UNITED TECHNOLOGIES CORP 7.125% 15 Nov 2010 214,410
SCANSOURCE INC Common Stock 214,200
EQUITY RESIDENTIAL PPTYS TR SH Ben Int 212,454
ALBANY MOLECULAR RESH INC Common Stock 211,920
SPRINT CORP Common Stock 210,840
ILLINOIS TOOL WKS INC Common Stock 209,932
DUKE ENERGY FIELD SVCS LLC 7.875% 16 Aug 2010 209,302
KNIGHT RIDDER INC Common Stock 207,776
KELLOGG CO Common Stock 207,690
BURLINGTON NORTHN SANTA FE COR 6.375% 15 Dec 2005 206,390
AAR CORP Common Stock 206,329
AUTOMATIC DATA PROCESSING INC Common Stock 206,150
- 42 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
LEGG MASON INC Common Stock $ 204,918
UNITED RENTALS INC Common Stock 204,300
FMC CORP Common Stock 202,300
POGO PRODUCING CO Common Stock 202,279
USX MARATHON GROUP 9.375% 15 Feb 2012 201,868
AMR CORP DEL Common Stock 201,747
VERTEX PHARMACEUTICALS INC Common Stock 201,638
JDS UNIPHASE CORP Common Stock 200,508
Common StockMERCIAL FED CORP Common Stock 199,750
HARMAN INTL INDS INC NEW Common Stock 198,440
FIRST HORIZON PHARMACEUTICAL Common Stock 198,383
MANHATTAN ASSOCS INC Common Stock 198,220
ONEIDA LTD Common Stock 198,135
EMULEX CORP Common Stock 197,550
KENNAMETAL INC Common Stock 197,323
ACE LTD Common Stock 196,735
CALIFORNIA PIZZA KITCHEN INC Common Stock 195,525
CAMINUS CORP Common Stock 195,500
CIMA LABS INC Common Stock 195,210
INTL BK FOR RECON + DEV 7% 27 Jan 2005 194,945
STERICYCLE INC Common Stock 194,816
MERCK + CO INC Common Stock 194,040
MENTOR GRAPHICS CORP Common Stock 193,274
TOLL BROS INC Common Stock 193,160
FED HM LN PC C47872 6.5% 01 Feb 2031 193,134
* NORTHROP GRUMMAN CORP Cash Account 192,587
AMERADA HESS CORP 7.875% 01 Oct 2029 190,535
MICROMUSE INC Common Stock 190,500
FEDERAL HOME LN MTG PC GTD 9% 15 Jun 2020 190,301
ALCOA INC 6.5% 01 Jun 2011 190,112
ADVENT SOFTWARE INC Common Stock 189,810
PINNACLE ENTMT INC Common Stock 189,342
OCCIDENTAL PETE CORP 5.875% 15 Jan 2007 188,680
HARTFORD FINANCIAL SVCS GRP Common Stock 188,490
BEAR STEARNS COS INC 6.5% 01 May 2006 186,878
TOLLGRADE Common StockMUNICATIONS INC Common Stock 186,760
UNILEVER CAPITAL CORP 6.875% 01 Nov 2005 186,512
- 43 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
ROHM + HAAS CO 6.95% 15 Jul 2004 $ 184,049
HOT TOPIC INC Common Stock 182,062
INVESTMENT TECHNOLOGY GROUP Common Stock 181,676
ROYAL CARIBBEAN CRUISES LTD Shares 181,440
CONCURRENT Common StockPUTER CORP Common Stock 179,685
BELLSOUTH CAP FDG CORP 6.04% 15 Nov 2026 179,522
DOMINION RES INC VA NEW 6% 31 Jan 2003 179,254
CARRAMERICA RLTY CORP Common Stock 177,590
BEA SYS INC Common Stock 177,100
RAYONIER INC Common Stock 176,645
CHEESECAKE FACTORY Common Stock 175,832
UNION OIL CO CA 7% 01 May 2028 175,631
WEYERHAEUSER CO 6% 01 Aug 2006 175,455
EXAR CORP Common Stock 175,140
ASTORIA FINL CORP Common Stock 174,636
EDUCATION MGMT CORP Common Stock 174,000
ROUSE CO Common Stock 172,811
RIVERSTONE NETWORKS INC Common Stock 172,640
99 CENTS ONLY STORES Common Stock 171,450
ZOLL MED CORP Common Stock 171,336
PROGRESS ENERGY INC 7% 30 Oct 2031 171,229
AFFYMETRIX INC OC Cap Stock 169,875
SOUTHWEST AIRLS CO Common Stock 168,168
VERIZON PA IN 5.65% 15 Nov 2011 168,103
ALPHA INDS INC Common Stock 167,860
GNMA POOL 535399 7.5% 15 Nov 2030 167,560
LIFEPOINT HOSPS INC Common Stock 166,796
JUNIPER NETWORKS INC Common Stock 166,760
HISPANIC BROADCASTING CORP Common Stock 165,750
ARCHSTONE SMITH TR Common Stock 165,690
AVALONBAY CMNTYS INC Common Stock 165,585
GENESIS MICROCHIP INC Common Stock 165,300
FIRSTMERIT CORP Common Stock 165,249
ASSOCIATES CORP NORTH AMER 6.95% 01 Nov 2018 165,206
GENERAL MTRS CORP NEW Class H 162,195
INTERNATIONAL PAPER CO 8.125% 08 Jul 2005 161,264
VIACommon Stock INC 7.75% 01 Jun 2005 160,911
- 44 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
EBAY INC Common Stock $ 160,560
UNION PAC CORP Common Stock 159,600
TETRA TECH INC NEW Common Stock 159,280
NOBLE AFFILIATES INC Common Stock 158,805
ROPER INDS Common Stock 158,400
AMERICAN HEALTHCORP INC Common Stock 158,103
RLI CORP Common Stock 157,500
FEDERAL HOME LN MTG CORP 6.875% 15 Sep 2010 156,487
PROGRESS ENERGY INC 200% 01 Mar 2006 155,895
WAL MART STORES INC Common Stock 155,385
FLEETWOOD ENTERPRISES INC Common Stock 155,221
RUSSELL CORP Common Stock 154,603
LUBRIZOL CORP Common Stock 154,396
SIEBEL SYS INC Common Stock 153,890
TYCO INTL GROUP SA 6.375% 15 Feb 2006 152,924
UNITED TECHNOLOGIES CORP 6.35% 01 Mar 2011 152,487
WASTE CONNECTIONS INC Common Stock 151,851
AVALONBAY CMNTYS INC Common Stock 151,392
U S WEST CAP FDG INC 6.375% 15 Jul 2008 151,066
HARTFORD FINANCIAL SVCS GRP Common Stock 150,792
RETEK INC Common Stock 149,350
HONEYWELL INTL INC 5.125% 01 Nov 2006 148,620
TOO INC Common Stock 148,500
NATIONAL OILWELL INC Common Stock 148,392
INTERFACE INC Class A 147,543
COGNEX CORP Common Stock 145,977
DIANON SYS INC Common Stock 145,920
WEYERHAEUSER CO 5.95% 01 Nov 2008 145,302
IOMEGA CORP Common Stock NEW 145,290
FED HM LN PC C50729 6.5% 01 May 2031 144,813
FED HM LN PC C50537 6.5% 01 Apr 2031 144,502
LINCOLN ELEC HLDGS INC Common Stock 144,196
TIME WARNER INC 7.25% 15 Oct 2017 142,954
PRUDENTIAL FINL INC Common Stock 142,717
RF MICRO DEVICES INC Common Stock 142,302
FED HM LN PC C01172 6.5% 01 May 2031 141,892
AVOCENT CORP Common Stock 141,281
- 45 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
FNMA POOL 6.5% 01 Sep 2031 $ 141,273
WEBSENSE INC Common Stock 141,108
CIVIC BANCORP Common Stock 140,984
EXTREME NETWORKS INC Common Stock 140,610
LYONDELL CHEMICAL CO Common Stock 140,434
CHASE MANHATTAN CORP NEW 7% 15 Nov 2009 140,428
ASPEN TECHNOLOGY INC Common Stock 139,440
CONSOLIDATED NAT GAS CO 5.375% 01 Nov 2006 137,831
UNITED STATES TREAS NTS 5.75% 15 Nov 2005 137,292
INTEGRA LIFESCIENCES CORP NEW Common Stock 136,968
SCHULER HOMES INC Common Stock 136,965
LTX CORP Common Stock 136,110
WILLAMETTE INDS INC Common Stock 135,512
PROGRESS ENERGY INC 7.1% 01 Mar 2011 134,932
MANUGISTICS GROUP INC Common Stock 134,912
DOW CHEM CO 5.75% 15 Dec 2008 134,815
POWERWAVE TECHNOLOGIES INC Common Stock 134,784
DOCUMENTUM INC Common Stock 134,664
NEUROCRINE BIOSCIENCES INC Common Stock 133,406
EFUNDS CORP Common Stock 133,375
COSTCO WHSL CORP NEW Common Stock 133,140
COOPER TIRE + RUBR CO Common Stock 132,468
UNITED STATES TRES BD STRP PRN 0% 15 May 2018 131,422
CENTRAL VT PUBLIC SERVICE Common Stock 131,095
DEUTSCHE TELEKOM INTL 8% 15 Jun 2010 130,812
MICROSEMI CORP Common Stock 130,680
NORFOLK SOUTHN CORP 7.05% 01 May 2037 130,440
FED HOME LN PC E00954 6% 01 Jan 2016 129,857
* NORTHROP GRUMMAN CORP Cash Account 129,332
INSTINET GROUP INC Common Stock 127,635
FLORIDA PWR + LT CO 6.875% 01 Dec 2005 126,682
READ RITE CORP Common Stock 125,590
GATX Common Stock 123,576
ANAREN MICROWAVE INC Common Stock 122,972
UNITED TECHNOLOGIES CORP 4.875% 01 Nov 2006 122,756
DETROIT EDISON CO 6.125% 01 Oct 2010 122,365
DORAL FINL CORP Common Stock 121,719
- 46 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
PROTEIN DESIGN LABS INC Common Stock $ 121,360
KRAFT FOODS INC 5.625% 01 Nov 2011 121,199
ALLIANCE DATA SYSTEMS CORP Common Stock 120,645
HEXCEL CORP NEW Common Stock 120,120
FNMA POOL 576129 6.5% 01 Jun 2016 119,721
CEC ENTMT INC Common Stock 119,323
EXPEDIA INC Class A 117,769
BEAR STEARNS COS INC Common Stock 117,280
UNITED STATES TRES BD STRP PRN 0% 15 May 2020 116,389
PRECISION CASTPARTS CORP Common Stock 115,825
EASTGROUP PPTYS INC Common Stock 115,350
AT + T CORP 8% 15 Nov 2031 115,072
HILTON HOTELS CORP Common Stock 114,660
RELIANCE STL + ALUM CO Common Stock 114,188
MOBILE MINI INC Common Stock 113,448
PERICommon Stock SEMICONDUCTOR CORP Common Stock 113,100
FINISAR CORP Common Stock 112,887
CONCURRENT Common StockPUTER CORP Common Stock NEW 112,860
ARVINMERITOR INC Common Stock 111,948
MCAFEE Common Stock CORP Class A 111,903
MKS INSTRS INC Common Stock 110,823
DRS TECHNOLOGIES INC Common Stock 110,515
CYMER INC Common Stock 109,593
CSG SYS INTL INC Common Stock 109,215
STUDENT LN MARKETING ASSN MTN 9.4% 31 May 2002 108,051
CONTINENTAL AIRLS PASS THRU 6.503% 15 Jun 2011 107,643
FED HM LN PC C49580 7% 01 Mar 2031 107,468
WEBSENSE INC Common Stock 105,831
INDYMAC BANCORP INC Common Stock 105,210
CATAPULT Common StockMUNICATIONS CORP Common Stock 104,240
GENERAL MTRS ACCEP CORP 7.75% 19 Jan 2010 104,239
VERIZON NEW ENG INC 6.5% 15 Sep 2011 101,701
CHOICEPOINT INC Common Stock 101,380
KING PHARMACEUTICALS INC Common Stock 101,112
HENRY JACK + ASSOC INC Common Stock 100,464
INTERPUBLIC GROUP COS INC Common Stock 100,436
KEY PRODTN INC Common Stock 100,300
- 47 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
VERIZON GLOBAL FDG CORP 6.75% 01 Dec 2005 $ 100,172
FORD MTR CR CO 6.875% 01 Feb 2006 99,965
BANCORPSOUTH INC Common Stock 99,600
BED BATH + BEYOND INC Common Stock 98,310
A T + T WIRELESS SVCS INC Common Stock 97,716
U S DEPT VETERAN AFFAIRS REMIC 0.8915% 15 Sep 2022 97,680
ASTROPOWER INC Common Stock 97,032
NETEGRITY INC Common Stock 96,800
FINISAR CORP Common Stock 96,615
SURMODICS INC Common Stock 94,796
FED HM LN PC G10777 9% 01 Jun 2010 94,541
ARQULE INC Common Stock 93,500
HANOVER Common StockPRESSOR CO Common Stock 93,462
KELLOGG CO 6% 01 Apr 2006 92,484
MILLENNIUM CHEMICALS INC Common Stock 91,980
HOST MARRIOTT CORP NEW Common Stock 91,800
GNMA POOL 472939 6.5% 15 May 2029 91,338
QWEST CAP FDG INC 7% 03 Aug 2009 91,286
SKILLSOFT CORP Common Stock 90,720
QUANEX CORP Common Stock 90,560
CHECKFREE CORP NEW Common Stock 90,000
INTERNET SEC SYS INC Common Stock 89,768
NEWPORT CORP Common Stock 88,688
RPM INC OHIO Common Stock 88,206
AXT INC Common Stock 88,023
DOMINION RES INC VA 8.125% 15 Jun 2010 87,577
FIRST UN CORP 7.7% 15 Feb 2005 86,589
SARA LEE CORP 6.25% 15 Sep 2011 86,341
DEVRY INC DEL Common Stock 85,350
LATTICE SEMICONDUCTOR CORP Common Stock 84,337
BORG WARNER AUTOMOTIVE INC Common Stock 83,600
TIME WARNER INC 9.125% 15 Jan 2013 82,839
SONIC CORP Common Stock 82,800
ENDOCARE INC Common Stock 82,478
POWER INTEGRATIONS Common Stock 82,224
ENTERASYS NETWORKS INC Common Stock 81,420
RFS HOTEL INVS INC Common Stock 80,798
- 48 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
PDI INC Common Stock $ 80,352
WOLVERINE WORLD WIDE INC Common Stock 79,765
AMERADA HESS CORP 7.3% 15 Aug 2031 79,272
WORLDCommon Stock INC GA NEW Common Stock 78,740
METRO ONE TELECommon StockM INC Common Stock 78,650
PC CONNECTION INC Common Stock 78,599
INTEGRATED SILICON SOLUTION Common Stock 77,112
FLORIDA PWR CORP 6.65% 15 Jul 2011 76,155
MERRILL LYNCH MTG INVS INC 1.1605% 15 Jun 2021 75,274
MORGAN GUARANTY TRUST CO OF NY Liquidity Fund 75,232
PLEXUS CORP Common Stock 74,368
K N ENERGY INC 7.25% 01 Mar 2028 74,090
AOL TIME WARNER INC 7.625% 15 Apr 2031 74,080
GENTA INC NEW Common Stock 73,996
MOLECULAR DEVICES CORP Common Stock 73,045
INTRADO INC Common Stock 72,360
UNITED STATES TREAS NTS 5.25% 14 May 2004 71,793
DOW CHEM CO Common Stock 71,698
CURTISS WRIGHT CORP Common Stock 71,625
MERCURY INTERACTIVE CORP Common Stock 71,358
SANDISK CORP Common Stock 70,560
FAIR ISSAC + CO INC Common Stock 69,322
QUANTUM CORP DSSG Common Stock 68,950
POPULAR NORTH AMER INC 6.125% 15 Oct 2006 68,582
ANADARKO FIN CO 7.5% 01 May 2031 67,562
JACKSON NATL LIFE INS CO 8.15% 15 Mar 2027 64,148
TRANSOCEAN SEDCO FOREX INC 7.5% 15 Apr 2031 64,043
CITRIX SYS INC Common Stock 63,448
UNILAB CORP NEW Common Stock NEW 60,240
VERISIGN INC Common Stock 60,141
INTERNATIONAL BUSINESS MACHS 5.375% 01 Feb 2009 58,565
CONSOLIDATED EDISON INC Common Stock 56,504
MAPINFO CORP Common Stock 56,484
ARDEN RLTY INC Common Stock 55,650
FNMA POOL 6.5% 01 Sep 2031 54,440
FNMA POOL 393419 7% 01 Aug 2012 52,191
MARTIN MARIETTA CORP 6.5% 15 Apr 2003 51,601
- 49 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
CHOLESTECH CORP Common Stock $ 51,506
FNMA POOL 6.5% 01 Oct 2031 47,950
HERSHEY FOODS CORP Common Stock 47,390
ALLEGIANCE TELECommon Stock INC Common Stock 47,253
TXU CORP Common Stock 47,150
U S DEPT VETERAN AFFAIRS REMIC 0.28602% 15 Sep 2024 47,118
FNMA POOL 503223 6.5% 01 Jul 2029 46,477
FORD MTR CO DEL 7.45% 16 Jul 2031 45,877
POWER ONE INC Common Stock 45,804
TYCO INTL GROUP 6.375% 15 Jun 2005 45,680
VENDEE MTG TR 0.42857% 15 Feb 2026 44,923
TRIQUINT SEMICONDUCTOR INC Common Stock 44,136
GNMA POOL 532705 7.5% 15 Jul 2030 41,835
FIRST USA CR CARD TMASTER TR 2.4125% 15 Oct 2003 41,669
Common StockERICA INC Common Stock 40,110
QUANTA SERVICES INC Common Stock 39,347
CRESCENT REAL ESTATE EQUITIES Common Stock 38,031
INTEL CORP Common Stock 37,740
ALBERTSONS INC Common Stock 34,639
JUNIPER NETWORKS INC Common Stock 32,215
CINCINNATI FINL CORP Common Stock 30,520
FED HM LN PC E82547 6% 01 Feb 2016 28,135
OSPREY TR OSPREY I INC 7.797% 15 Jan 2003 25,000
ACTUATE CORP Common Stock 23,188
NEXTEL Common StockMUNICATIONS INC Class A 23,016
GNMA POOL 514277 6.5% 15 Jul 2029 22,807
HUNTINGTON BANCSHARES INC Common Stock 22,347
PEREGRINE SYS INC Common Stock 22,245
U S DEPT VETERANS AFFAIRS GTD 0.0694% 15 Jun 2026 21,067
FEDERATED INVS INC PA Class B 19,128
ATMEL CORP Common Stock 18,425
CIENA CORP Common Stock 15,741
FNMA POOL 390375 7% 01 Jul 2012 15,137
U S DEPT VETERAN AFFAIRS REMIC 0.05123% 15 Jun 2024 14,575
PFIZER INC Common Stock 11,955
U S DEPT VETERAN AFFAIRS REMIC 0.25654% 15 Sep 2024 7,143
UNITED STATES TREAS BDS 8.75% 15 Aug 2020 6,708
- 50 -
NORTHROP GRUMMAN SAVINGS AND INVESTMENT PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2001
------------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (e)
Identity of Issue, Borrower,
Lessor or Similar Party Description of Investment Current Value
GNMA POOL 780191 7.5% 15 Jul 2025 $ 5,395
RESIDENTIAL FDG MTG SECS II 1% 20 Sep 2022 5,145
HOSPITALITY PPTYS TR Common Stock 2,950
GLOBESPAN VIRATA INC Common Stock 2,590
DISNEY WALT CO Common Stock 2,072
FED HM LN PC E82449 5.5% 01 Feb 2016 491
--------------
$4,756,707,724
==============
- 51-
Exhibit 1
---------
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in Registration Statement (No.
33-59853) of Northrop Grumman Corporation on Form S-8 of our report dated June
24, 2002, appearing in this annual report on Form 11-K of the Northrop Grumman
Savings and Investment Plan for the year ended December 31, 2001.
/s/ Deloitte & Touche LLP
--------------------------
Los Angeles, California
June 24, 2002