Consolidated Statement of Operations

IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS			2001			2000			1999
Revenues
Product sales		$	20,988		$	20,174		$	18,021
Service sales			6,498			6,032			5,823
Financing revenues and other income, net			411			377			283
			27,897			26,583			24,127
Costs and Expenses
Cost of products sold			15,878			15,146			14,500
Cost of services sold			4,209			3,824			3,685
Research and development			1,254			1,302			1,292
Selling, general and administrative			3,323			3,171			3,133
Interest			426			382			260
			25,090			23,825			22,870
Income from continuing operations
before income taxes and minority interests			2,807			2,758			1,257
Income taxes			755			853			325
Minority interests in subsidiaries' earnings			114			97			91
Income from continuing operations			1,938			1,808			841
Discontinued operation:
Income from operations of discontinued UT Automotive
unit (net of income tax provision of $28)			—			—			40
Gain on sale of UT Automotive unit (net of income tax provision of $112)			—			—			650
Net Income		$	1,938		$	1,808		$	1,531
Earnings per Share of Common Stock
Basic:
Continuing operations		$	4.06		$	3.78		$	1.74
Discontinued operation			—			—			.08
Gain on sale of discontinued operation			—			—			1.40
Net Earnings		$	4.06		$	3.78		$	3.22
Diluted:
Continuing operations		$	3.83		$	3.55		$	1.65
Discontinued operation			—			—			.08
Gain on sale of discontinued operation			—			—			1.28
Net Earnings		$	3.83		$	3.55		$	3.01

See accompanying Notes to Consolidated Financial Statements