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FINANCIALS: CONSOLIDATED STATEMENT OF FINANCIAL POSITION PAGE 1 OF 1 left arrow right arrow
Consolidated Statement of Financial Position

  At December 31
(in millions, except share and per share data) 2002   2001
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ASSETS           
Current Assets           
  Cash and cash equivalents $ 569    $ 448
  Receivables, net   2,234      2,337
  Inventories, net   1,062      1,071
  Deferred income taxes   512      521
  Other current assets   157      240
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    Total current assets   4,534      4,617
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  Property, plant and equipment, net   5,420      5,659
  Goodwill, net   981      948
  Other long-term assets   2,434      2,138
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    Total Assets $ 13,369    $ 13,362
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LIABILITIES AND SHAREHOLDERS' EQUITY           
Current Liabilities           
  Accounts payable and other current liabilities $ 3,351    $ 3,276
  Short-term borrowings   1,442      1,534
  Accrued income taxes   584      544
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    Total current liabilities   5,377      5,354
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  Long-term debt, net of current portion   1,164      1,666
  Postretirement liabilities   3,412      2,728
  Other long-term liabilities   639      720
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    Total Liabilities   10,592      10,468
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Commitments and Contingencies (Note 10)           
Shareholder's Equity           
  Common stock, $2.50 par value;           
    950,000,000 shares authorized; 391,292,760 shares issued
     in 2002 and 2001;
          
    285,933,179 and 290,929,701 shares outstanding
    in 2002 and 2001
  978      978
  Additional paid in capital   849      849
  Retained earnings   7,611      7,431
  Accumulated other comprehensive loss   (771)      (597)
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    8,667      8,661
  Treasury stock, at cost           
    105,359,581 shares in 2002 and 100,363,059 shares in 2001   5,890      5,767
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    Total shareholders' equity   2,777      2,894
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    Total Liabilities and Shareholders' Equity $ 13,369    $ 13,362
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The accompanying notes are an integral part of these consolidated financial statements.

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FINANCIALS: CONSOLIDATED STATEMENT OF FINANCIAL POSITION PAGE 1 OF 1 left arrow right arrow