Consolidated Statement of Changes in Shareowners' Equity
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| IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS | |
Common Stock |
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Treasury Stock |
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Retained Earnings |
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Accumulated Other Non- Shareowners' Changes In Equity |
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Non- |
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| December 31, 1998 | |
$2,708 | |
$(3,117) | |
$5,411 | |
$(624) | |
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| Common Stock issued under employee plans (7.2 mil. shares) | |
354 | |
16 | |
(93) | |
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| Common Stock issued in conjunction with a | |
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| business combination (30.4 million shares) | |
1,165 | |
741 | |
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| Common Stock repurchased (13.2 million shares) | |
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(822) | |
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| Dividends on Common Stock ($.76 per share) | |
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(353) | |
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| Dividends on ESOP Preferred Stock ($4.80 per share) | |
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(33) | |
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| Non-Shareowners' Changes in Equity: | |
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| Net income | |
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1,531 | |
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$1,531 | |
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| Foreign currency translation adjustments, net of | |
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| income tax benefits of $16 | |
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(76) | |
(76) | |
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| Minimum pension liability adjustments, net of | |
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| income taxes of $54 | |
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96 | |
96 | |
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| Unrealized holding gain on marketable equity securities, | |
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| net of income taxes of $115 | |
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213 | |
213 | |
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| December 31, 1999 | |
4,227 | |
(3,182) | |
6,463 | |
(391) | |
$1,764 | |
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| Common Stock issued under employee plans (9.4 mil. shares) | |
438 | |
27 | |
(109) | |
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| Common Stock repurchased (13.6 million shares) | |
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(800) | |
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| Dividends on Common Stock ($.825 per share) | |
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(387) | |
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| Dividends on ESOP Preferred Stock ($4.80 per share) | |
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(32) | |
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| Non-Shareowners' Changes in Equity: | |
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| Net income | |
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1,808 | |
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$1,808 | |
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| Foreign currency translation adjustments, net of | |
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| income tax benefits of $18 | |
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(184) | |
(184) | |
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| Minimum pension liability adjustments, net of | |
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| income tax benefits of $5 | |
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(3) | |
(3) | |
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| Unrealized holding loss on marketable equity securities, | |
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| net of income tax benefits of $115 | |
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(213) | |
(213) | |
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| December 31, 2000 | |
4,665 | |
(3,955) | |
7,743 | |
(791) | |
$1,408 | |
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| Common Stock issued under employee plans (6.2 mil. shares) | |
315 | |
13 | |
(78) | |
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| Common Stock contributed to defined benefit | |
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| pension plans (4.1 million shares) | |
110 | |
137 | |
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| Common Stock repurchased (8.5 million shares) | |
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(599) | |
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| Dividends on Common Stock ($.90 per share) | |
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(423) | |
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| Dividends on ESOP Preferred Stock ($4.80 per share) | |
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(31) | |
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| Non-Shareowners' Changes in Equity: | |
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| Net income | |
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1,938 | |
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$1,938 | |
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| Foreign currency translation adjustments, | |
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| net of income tax benefits of $1 | |
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(142) | |
(142) | |
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| Minimum pension liability adjustments, net of | |
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| income tax benefits of $303 | |
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(519) | |
(519) | |
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| Unrealized holding gain on marketable equity | |
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| securities, net of income taxes of $5 | |
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9 | |
9 | |
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| Unrealized cash flow hedging loss, net of | |
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| income benefits of $12 | |
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(23) | |
(23) | |
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| December 31, 2001 | |
$5,090 | |
$(4,404) | |
$9,149 | |
$(1,466) | |
$1,263 | |
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See accompanying Notes to Consolidated Financial Statements
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