Consolidated Statement of Changes
in Shareowners' Equity

			IN MILLIONS OF DOLLARS, EXCEPT PER SHARE AMOUNTS		Common Stock		Treasury Stock		Retained Earnings		Accumulated Other Non- Shareowners' Changes In Equity		Non- Shareowners' Changes in Equity for the Period
			December 31, 1999		$4,227		$(3,182)		$6,463		$  (391)
			Common Stock issued under employee plans
			(9.4 million shares), including tax benefit of $128		438		27		(109)
			Common Stock repurchased (13.6 million shares)				(800)
			Dividends on Common Stock ($.825 per share)						(387)
			Dividends on ESOP Preferred Stock ($4.80 per share)						(32)
			Non-Shareowners' Changes in Equity:
			Net income						1,808				$1,808
			Foreign currency translation adjustments								(184)		(184)
			Minimum pension liability adjustments, net of
			income tax benefits of $5								(3)		(3)
			Unrealized holding loss on marketable equity securities,
			net of income tax benefits of $115								(213)		(213)
			December 31, 2000		$4,665		$(3,955)		$7,743		$  (791)		$1,408
			Common Stock issued under employee plans
			(6.2 million shares), including tax benefit of $91		315		13		(78)
			Common Stock contributed to defined benefit
			pension plans (4.1 million shares)		110		137
			Common Stock repurchased (8.5 million shares)				(599)
			Dividends on Common Stock ($.90 per share)						(423)
			Dividends on ESOP Preferred Stock ($4.80 per share)						(31)
			Non-Shareowners' Changes in Equity:
			Net income						1,938				$1,938
			Foreign currency translation adjustments								(142)		(142)
			Minimum pension liability adjustments, net of
			income tax benefits of $303								(519)		(519)
			Unrealized holding gain on marketable equity
			securities, net of income taxes of $5								9		9
			Unrealized cash flow hedging loss, net of
			income tax benefits of $12								(23)		(23)
			December 31, 2001		$5,090		$(4,404)		$9,149		$(1,466)		$1,263
			Common Stock issued under employee plans
			(4.2 million shares), including tax benefit of $45		247		10		(56)
			Common Stock contributed to defined benefit
			pension plans (4.1 million shares)		110		143
			Common Stock repurchased (10.9 million shares)				(700)
			Dividends on Common Stock ($.98 per share)						(462)
			Dividends on ESOP Preferred Stock ($4.80 per share)						(31)
			Non-Shareowners' Changes in Equity:
			Net income						2,236				$2,236
			Foreign currency translation adjustments								57		57
			Minimum pension liability adjustments, net of
			income tax benefits of $927								(1,588)		(1,588)
			Unrealized holding loss on marketable equity securities,
			net of income tax benefits of $4								(7)		(7)
			Unrealized cash flow hedging gain, net of
			income taxes of $14								27		27
			December 31, 2002		$5,447		$(4,951)		$10,836		$(2,977)		$  725

See accompanying Notes to Consolidated Financial Statements

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