|
FIVE YEAR SUMMARY
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| IN MILLIONS OF DOLLARS,
EXCEPT PER SHARE AMOUNTS |
 |
|
2001 |
 |
|
2000 |
 |
|
1999 |
 |
|
1998 |
 |
|
1997 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| For the year |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| Revenues |
 |
$ |
27,897 |
 |
$ |
26,583 |
 |
$ |
24,127 |
 |
$ |
22,809 |
 |
$ |
21,288 |
 |
| Research and development |
 |
|
1,254 |
 |
|
1,302 |
 |
|
1,292 |
 |
|
1,168 |
 |
|
1,069 |
 |
| Income from continuing operations |
 |
|
1,938 |
 |
|
1,808 |
 |
|
841 |
 |
|
1,157 |
 |
|
962 |
 |
| Net income |
 |
|
1,938 |
 |
|
1,808 |
 |
|
1,531 |
 |
|
1,255 |
 |
|
1,072 |
 |
| Earnings per share: |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| Basic: |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| Continuing
operations |
 |
|
4.06 |
 |
|
3.78 |
 |
|
1.74 |
 |
|
2.47 |
 |
|
1.98 |
 |
| Net
earnings |
 |
|
4.06 |
 |
|
3.78 |
 |
|
3.22 |
 |
|
2.68 |
 |
|
2.22 |
 |
| Diluted: |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| Continuing
operations |
 |
|
3.83 |
 |
|
3.55 |
 |
|
1.65 |
 |
|
2.33 |
 |
|
1.89 |
 |
| Net
earnings |
 |
|
3.83 |
 |
|
3.55 |
 |
|
3.01 |
 |
|
2.53 |
 |
|
2.10 |
 |
| Cash dividends per common share |
 |
|
.90 |
 |
|
.825 |
 |
|
.76 |
 |
|
.695 |
 |
|
.62 |
 |
| Average number of shares of Common
Stock outstanding: |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| Basic |
 |
|
470.2 |
 |
|
470.1 |
 |
|
465.6 |
 |
|
455.5 |
 |
|
468.9 |
 |
| Diluted |
 |
|
505.4 |
 |
|
508.0 |
 |
|
506.7 |
 |
|
494.8 |
 |
|
507.1 |
 |
| Return on average common shareowners'
equity, after tax |
 |
|
23.6% |
 |
|
24.4% |
 |
|
24.6% |
 |
|
28.6% |
 |
|
24.5% |
 |
| Operating cash flows |
 |
|
2,885 |
 |
|
2,503 |
 |
|
2,310 |
 |
|
2,314 |
 |
|
1,903 |
 |
| Acquisitions, including debt assumed |
 |
|
525 |
 |
|
1,340 |
 |
|
6,268 |
 |
|
1,237 |
 |
|
605 |
 |
| Share repurchase |
 |
|
599 |
 |
|
800 |
 |
|
822 |
 |
|
650 |
 |
|
849 |
 |
| |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| At year end |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| Working capital, continuing operations |
 |
$ |
2,892 |
 |
$ |
1,318 |
 |
$ |
1,412 |
 |
$ |
1,359 |
 |
$ |
1,712 |
 |
| Total assets |
 |
|
26,969 |
 |
|
25,364 |
 |
|
24,366 |
 |
|
17,768 |
 |
|
15,697 |
 |
| Long-term debt, including current
portion |
 |
|
4,371 |
 |
|
3,772 |
 |
|
3,419 |
 |
|
1,669 |
 |
|
1,389 |
 |
| Total debt |
 |
|
4,959 |
 |
|
4,811 |
 |
|
4,321 |
 |
|
2,173 |
 |
|
1,567 |
 |
| Debt
to total capitalization |
 |
|
37% |
 |
|
39% |
 |
|
38% |
 |
|
33% |
 |
|
28% |
 |
| ESOP Preferred Stock, net |
 |
|
429 |
 |
|
432 |
 |
|
449 |
 |
|
456 |
 |
|
450 |
 |
| Shareowners' equity |
 |
|
8,369 |
 |
|
7,662 |
 |
|
7,117 |
 |
|
4,378 |
 |
|
4,073 |
 |
| |
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
|
|
 |
| Number of employees - continuing
operations |
 |
|
152,000 |
 |
|
153,800 |
 |
|
148,300 |
 |
|
134,400 |
 |
|
130,400 |
 |
|

|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |

|