| (in millions
of dollars, except per share amounts) |
|
Common
Stock |
|
Treasury
Stock |
|
Retained
Earnings |
|
Unearned
ESOP
Shares |
|
Accumulated
Other Non-Shareowners’
Changes
in Equity |
|
Non-
Shareowners'
Changes in
Equity for
the Period |
 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
Common Stock
issued under employee plans
|
|
|
|
|
|
|
|
|
|
|
|
|
| (7.9
million shares), including tax benefit of $111 |
|
442 |
|
17 |
|
(104)
|
|
1 |
|
|
|
|
Common Stock
— ESOP conversion (42.5 million shares)
|
|
698 |
|
|
|
|
|
(274) |
|
|
|
|
Common Stock repurchased
(5.9 million shares)
|
|
|
|
(401) |
|
|
|
|
|
|
|
|
Dividends on Common
Stock ($1.14 per share)
|
|
|
|
|
|
(533) |
|
|
|
|
|
|
Dividends on ESOP
Preferred and Common Stock
|
|
|
|
|
|
|
|
|
|
|
|
|
($3.60
and $.35 per share, respectively)
|
|
|
|
|
|
(33) |
|
|
|
|
|
|
Non-Shareowners’
Changes in Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income
|
|
|
|
|
|
2,361 |
|
|
|
|
|
$2,361 |
Foreign
currency translation adjustments
|
|
|
|
|
|
|
|
|
|
528 |
|
528 |
Minimum
pension liability adjustments,
|
|
|
|
|
|
|
|
|
|
|
|
|
net
of income taxes of $332
|
|
|
|
|
|
|
|
|
|
570 |
|
570 |
Unrealized
holding gain on marketable equity
|
|
|
|
|
|
|
|
|
|
|
|
|
securities,
net of income taxes of $18
|
|
|
|
|
|
|
|
|
|
29
|
|
29 |
Unrealized
cash flow hedging gain,
|
|
|
|
|
|
|
|
|
|
|
|
|
net
of income taxes of $23
|
|
|
|
|
|
|
|
|
|
51
|
|
51 |
| December
31, 2003 |
|
$6,587 |
|
$(5,335) |
|
$12,527 |
|
$(273)
|
|
$(1,799)
|
|
$3,539 |
Common Stock issued
under employee plans
|
|
|
|
|
|
|
|
|
|
|
|
|
(7.9
million shares), including tax benefit of $141
|
|
572 |
|
15 |
|
(51) |
|
17 |
|
|
|
|
Common Stock
repurchased (10.9 million shares)
|
|
|
|
(992) |
|
|
|
|
|
|
|
|
Dividends on Common
Stock ($1.40 per share)
|
|
|
|
|
|
(660) |
|
|
|
|
|
|
Dividends on ESOP
Common Stock ($1.40 per share)
|
|
|
|
|
|
(35) |
|
|
|
|
|
|
Non-Shareowners’
Changes in Equity:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net
income
|
|
|
|
|
|
2,788
|
|
|
|
|
|
$2,788 |
Foreign
currency translation adjustments
|
|
|
|
|
|
|
|
|
|
514 |
|
514 |
Minimum
pension liability adjustments,
|
|
|
|
|
|
|
|
|
|
|
|
|
net
of income taxes of $46
|
|
|
|
|
|
|
|
|
|
32
|
|
32 |
Unrealized
holding gain on marketable equity
|
|
|
|
|
|
|
|
|
|
|
|
|
securities,
net of income taxes of $57
|
|
|
|
|
|
|
|
|
|
91
|
|
91 |
Unrealized
cash flow hedging gain,
|
|
|
|
|
|
|
|
|
|
|
|
|
net
of income taxes of $7
|
|
|
|
|
|
|
|
|
|
10
|
|
10 |
| December
31, 2004 |
|
$7,159 |
|
$(6,312)
|
|
$14,569
|
|
$(256) |
|
$(1,152)
|
|
$3,435 |