Take Pictures. Further. Sunday, February 12  
Financial Information    
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Consolidated Statement of Financial Position
 
At December 31, (in millions, except share and per share data) 2000   1999
 
Assets           
Current Assets           
  Cash and cash equivalents $ 246    $ 373
  Marketable securities   5      20
  Receivables   2,653      2,537
  Inventories   1,718      1,519
  Deferred income tax charges   575      689
  Other   294      306
    Total current assets   5,491      5,444
Properties           
  Land, buildings and equipment at cost   12,963      13,289
  Less: Accumulated depreciation   7,044      7,342
    Net properties   5,919      5,947
Other Assets           
  Goodwill (net of accumulated amortization of $778 and $671)   947      982
  Long-term receivables and other noncurrent assets   1,767      1,801
  Deferred income tax charges   88      196
    Total Assets $ 14,212    $ 14,370
Liabilities and Shareholders’ Equity           
Current Liabilities           
  Payables $ 3,275    $ 3,832
  Short-term borrowings   2,206      1,163
  Taxes — income and other   572      612
  Dividends payable   128      139
  Deferred income tax credits   34      23
    Total current liabilities   6,215      5,769
Other Liabilities           
  Long-term borrowings   1,166      936
  Postemployment liabilities   2,610      2,776
  Other long-term liabilities   732      918
  Deferred income tax credits   61      59
    Total liabilities   10,784      10,458
Shareholders’ Equity           
  Common stock, par value $2.50 per share 950,000,000 shares authorized;issued 391,292,760 shares in 2000 and 1999   978      978
  Additional paid in capital   871      889
  Retained earnings   7,869      6,995
  Accumulated other comprehensive loss   (482)      (145)
    9,236      8,717
  Treasury stock, at cost 100,808,494 shares in 2000 and 80,871,830 shares in 1999   5,808      4,805
    Total shareholders’ equity   3,428      3,912
    Total Liabilities and Shareholders’ Equity $ 14,212    $ 14,370
The accompanying notes are an integral part of these financial statements.
 
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