(in millions, except share and per share data) |
Common Stock* |
|
Additional Paid In Capital |
|
Retained Earnings |
|
Accumulated Other Comprehensive (Loss) Income |
|
Treasury Stock |
|
Total |
 |
Shareholders' Equity December 31, 1999 |
$ |
978 |
|
$ |
889 |
|
$ |
6,995 |
|
|
$ (145) |
|
|
$ |
(4,805) |
|
$ |
3,912 |
| Net earnings |
|
|
|
|
|
|
|
1,407 |
|
|
|
|
|
|
|
|
|
1,407 |
| Other comprehensive income (loss): |
Unrealized losses on
available-for-sale securities
($77 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
(48) |
|
|
|
|
|
|
(48) |
Reclassification adjustment
for gains on available-for-
sale securities included in
net earnings
($94 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
(58) |
|
|
|
|
|
|
(58) |
Unrealized loss arising
from hedging activity
($55 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
(34) |
|
|
|
|
|
|
(34) |
Reclassification adjustment
for hedging related gains
included net earnings
($6 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
(4) |
|
|
|
|
|
|
(4) |
Currency translation adjustments |
|
|
|
|
|
|
|
|
|
|
(194) |
|
|
|
|
|
|
(194) |
Minimum pension liability adjustment ($2 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
|
|
|
1 |
| Other comprehensive loss |
|
|
|
|
|
|
|
|
|
|
(337) |
|
|
|
|
|
|
(337) |
| Comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,070 |
Cash dividends declared ($1.76 per common share) |
|
|
|
|
|
|
|
(533) |
|
|
|
|
|
|
|
|
|
(533) |
Treasury stock repurchased (21,575,536 shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,099) |
|
|
(1,099) |
Treasury stock issued under employee plans (1,638,872 shares) |
|
|
|
|
(33) |
|
|
|
|
|
|
|
|
|
96 |
|
|
63 |
Tax reductions - employee plans |
|
|
|
|
15 |
|
|
|
|
|
|
|
|
|
|
|
|
15 |
 |
Shareholders' Equity December 31, 2000 |
|
978 |
|
|
871 |
|
|
7,869 |
|
|
(482) |
|
|
|
(5,808) |
|
|
3,428 |
| Net earnings |
|
|
|
|
|
|
|
76 |
|
|
|
|
|
|
|
|
|
76 |
| Other comprehensive income (loss): |
Unrealized losses on available-for-sale securities ($34 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
(21) |
|
|
|
|
|
|
(21) |
Reclassification adjustment for gains on available-
for-sale securities
included in net earnings
($13 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
8 |
|
|
|
|
|
|
8 |
Unrealized gain arising from
hedging activity ($6 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
4 |
|
|
|
|
|
|
4 |
Reclassification adjustment for hedging related losses
included in net earnings ($48 million in pre-tax)
|
|
|
|
|
|
|
|
|
|
|
29 |
|
|
|
|
|
|
29 |
Currency translation adjustments |
|
|
|
|
|
|
|
|
|
|
(98) |
|
|
|
|
|
|
(98) |
Minimum pension liability adjustment ($60 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
(37) |
|
|
|
|
|
|
(37) |
| Other comprehensive loss |
|
|
|
|
|
|
|
|
|
|
(115) |
|
|
|
|
|
|
(115) |
| Comprehensive loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(39) |
Cash dividends declared ($2.21 per common share) |
|
|
|
|
|
|
|
(514) |
|
|
|
|
|
|
|
|
|
(514) |
Treasury stock repurchased (947,670 shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(41) |
|
|
(41) |
Treasury stock issued under employee plans (1,393,105 shares) |
|
|
|
|
(25) |
|
|
|
|
|
|
|
|
|
82 |
|
|
57 |
Tax reductions - employee plans |
|
|
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
3 |
 |
| |
Shareholders' Equity December 31, 2001 |
|
978 |
|
|
849 |
|
|
7,431 |
|
|
(597) |
|
|
|
(5,767) |
|
|
2,894 |
| Net earnings |
|
|
|
|
|
|
|
770 |
|
|
|
|
|
|
|
|
|
770 |
| Other comprehensive income (loss): |
Unrealized gains on available-for-sale
securities ($11 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
6 |
|
|
|
|
|
|
6 |
Unrealized loss arising from
hedging activity
($27 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
(19) |
|
|
|
|
|
|
(19) |
Reclassification adjustment for hedging related losses
included in net earnings ($24 million pre-tax)
|
|
|
|
|
|
|
|
|
|
|
15 |
|
|
|
|
|
|
15 |
Currency translation adjustments |
|
|
|
|
|
|
|
|
|
|
218 |
|
|
|
|
|
|
218 |
Minimum pension liability
adjustment
($577 million pre-tax) |
|
|
|
|
|
|
|
|
|
|
(394) |
|
|
|
|
|
|
(394) |
| Other comprehensive loss |
|
|
|
|
|
|
|
|
|
|
(174) |
|
|
|
|
|
|
(174) |
| Comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
596 |
Cash dividends declared ($1.80 per common share) |
|
|
|
|
|
|
|
(525) |
|
|
|
|
|
|
|
|
|
(525) |
Treasury stock repurchased (7,354,316 shares) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(260) |
|
|
(260) |
Treasury stock issued under employee plans (2,357,794 shares) |
|
|
|
|
1 |
|
|
(65) |
|
|
|
|
|
|
137 |
|
|
73 |
Tax reductions - employee plans |
|
|
|
|
(1) |
|
|
|
|
|
|
|
|
|
|
|
|
(1) |
 |
Shareholders' Equity December 31, 2002 |
$ |
978 |
|
$ |
849 |
|
$ |
7,611 |
|
|
$ (771) |
|
|
$ |
(5,890) |
|
$ |
2,777 |
 |