| |
|
|
 |
 |
| |
(Dollar amounts and shares in millions,
except per share data) |
2000 (1) |
|
1999 (2) |
|
| |
| Stock price per share at year end |
$ |
39.38 |
|
$ |
66.25 |
|
| Sales |
$ |
13,994 |
|
$ |
14,089 |
|
| Earnings from operations |
$ |
2,214 |
|
$ |
1,990 |
| Net earnings |
$ |
1,407 |
|
$ |
1,392 |
| Basic earnings per share |
$ |
4.62 |
|
$ |
4.38 |
| Diluted earnings per share |
$ |
4.59 |
|
$ |
4.33 |
|
| Cash dividends declared |
$ |
533 |
|
$ |
560 |
| per common share |
$ |
1.76 |
|
$ |
1.76 |
| Average number of common shares outstanding |
|
304.9 |
|
|
318.0 |
| Shareholders at year end |
|
113,308 |
|
|
131,719 |
|
| Total shareholders' equity |
$ |
3,428 |
|
$ |
3,912 |
|
| Additions to properties |
$ |
945 |
|
$ |
1,127 |
| Depreciation |
$ |
738 |
|
$ |
773 |
|
| Wages, salaries and employee benefits |
$ |
3,726 |
|
$ |
3,962 |
| Employees at year end |
|
|
|
|
|
| in the U.S. |
|
43,200 |
|
|
43,300 |
| worldwide |
|
78,400 |
|
|
80,650 |
|
(1) Results for the year included charges related to the sale and exit of a manufacturing facility of $50 million, which reduced net earnings by $33 million.
Excluding this item, net earnings were $1,440 million.
Basic and diluted earnings per share were $4.73 and $4.70, respectively.
|
(2) Results for the year included $350 million of restructuring charges, which
reduced net earnings by $231 million, and an additional $11 million of charges
related to this restructuring program, which reduced net earning by $7 million;
$103 million of charges associated with business exits, which reduced net earnings
by $68 million; a gain of $95 million on the sale of The Image Bank, which increased
net earnings by $63; and a gain of $25 million on the sale of the Motion Analysis
Systems Division, which increased net earnings by $16 million. Excluding these items,
net items were $1,619 million. Basic and diluted earnings per share were $5.09 and
$5.03, respectively.
|
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