|
Consolidated Balance Sheet
| in millions
of dollars, except per share (shares in thousands) |
2004 |
2003 |
 |
|
|
|
|
| Assets |
|
|
|
| Cash and cash equivalents |
$2,265 |
$1,623 |
|
| Accounts receivable (net of
allowance for doubtful accounts of $368 and $421) |
6,315 |
5,187 |
|
| Inventories and contracts in progress |
5,006 |
4,420 |
|
| Future income tax benefits |
1,441 |
1,372 |
|
| Other current assets |
495 |
388 |
|
| Total
Current Assets |
15,522 |
12,990 |
|
| Customer financing assets |
1,090 |
1,031 |
|
| Future income tax benefits |
1,124 |
1,283 |
|
| Fixed assets |
5,231 |
5,080 |
|
| Goodwill |
10,111 |
9,329 |
|
| Intangible assets |
2,016 |
1,895 |
|
| Other assets |
4,941 |
3,666 |
|
| Total Assets |
$40,035 |
$35,274 |
|
| |
|
|
|
| Liabilities and Shareowners’
Equity |
|
|
|
| Short-term borrowings |
$1,320 |
$669 |
|
| Accounts payable |
3,490 |
2,612 |
|
| Accrued liabilities |
8,097 |
7,265 |
|
| Long-term debt currently due |
40 |
375 |
|
| Total
Current Liabilities |
12,947 |
10,921 |
|
| Long-term debt |
4,231 |
4,257 |
|
| Future pension and postretirement
benefit obligations |
4,595 |
4,752 |
|
| Other long-term liabilities |
3,344 |
2,928 |
|
| Commitments and contingent liabilities
(Notes 4 and 15) |
|
|
|
| Minority interests in subsidiary companies |
910 |
709 |
|
| Total
Liabilities |
$26,027 |
$23,567 |
|
| |
|
|
|
| Shareowners’ Equity: |
|
|
|
| Capital Stock: |
|
|
|
| Preferred
Stock, $1 par value; Authorized-250,000 shares; None issued
or outstanding |
— |
— |
|
| Common
Stock, $1 par value; Authorized-2,000,000 shares; |
|
|
|
| Issued
664,420 and 656,911 shares |
7,159 |
6,587 |
|
| Treasury Stock 153,322
and 142,849 common shares at cost |
(6,312) |
(5,335) |
|
| Retained earnings |
14,569 |
12,527 |
|
| Unearned ESOP shares |
(256) |
(273) |
|
| Accumulated
other non-shareowners’ changes in equity: |
210 |
(304) |
|
| Foreign
currency translation |
(1,549) |
(1,581) |
|
| Minimum
pension liability |
187 |
86 |
|
| Other |
|
|
|
| |
|
|
|
| Total
Accumulated Other Non-Shareowners’ Changes in Equity |
(1,152) |
(1,799) |
|
| Total
Shareowners’ Equity |
14,008 |
11,707 |
|
| Total
Liabilities and Shareowners’ Equity |
$40,035 |
$35,274 |
|
|