Take Pictures. Further. Sunday, November 8  
Financial Information    
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Consolidated Statement of Shareholders’ Equity
 
(in millions, except
number of shares)
Common Stock*   Additional Paid In Capital   Retained Earnings   Accumu-
lated Other Com-
prehensive Income
(Loss)
  Treasury Stock   Total
 
Shareholders' Equity December 31, 1997 $ 978    $ 914    $ 5,343    $ (202)    $ (3,872)    $ 3,161
Net earnings   -      -      1,390      -      -      1,390
Other comprehensive income (loss):                                       
  Unrealized holding
  gains arising during
  the period
  ($122 million pre-tax)
  -      -      -      -      -      80
  Reclassification
  adjustment for gains
  included in net
  earnings
  ($66 million pre-tax)
  -      -      -      -      -      (44)
  Currency translation
  adjustments
  -      -      -      -      -      59
  Minimum pension
  liability adjustment
  ($7 million pre-tax)
  -      -      -      -      -      (4)
Other comprehensive
income
  -      -      -      91      -      91
Comprehensive
income
  -      -      -      -      -      1,481
Cash dividends
declared
  -      -      (570)      -      -      (570)
Treasury stock
repurchased
(3,541,295 shares)
  -      -      -      -      (258)      (258)
Treasury stock
issued under
employee plans
(3,272,713 shares)
  -      (58)      -      -      186      128
Tax reductions
—employee plans
  -      46      -      -      -      46
Shareholders' Equity December 31, 1998   978      902      6,163      (111)      (3,944)      3,988
Net earnings   -      -      1,392      -      -      1,392
Other comprehensive income (loss):                                       
  Unrealized holding
  gains arising during
  the period
  ($115 million pre-tax)
  -      -      -      -      -      83
  Reclassification
  adjustment for gains
  included in net
  earnings
  ($20 million pre-tax)
  -      -      -      -      -      (13)
  Currency translation
  adjustments
  -      -      -      -      -      (118)
  Minimum pension
  liability adjustment
  ($26 million pre-tax)
  -      -      -      -      -      14
Other comprehensive
loss
  -      -      -      (34)      -      (34)
Comprehensive
Income
  -      -      -      -      -      1,358
Cash dividends
declared
  -      -      (560)      -      -      (560)
Treasury stock
repurchased
(13,482,648 shares)
  -      -      -      -      (925)      (925)
Treasury stock
issued under
employee plans
(1,105,220 shares)
  -      (24)      -      -      64      40
Tax reductions
—employee plans
  -      11      -      -      -      11
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 holding
  loss arising
  during the period
  ($77 million pre-tax)
  -      -      -      -      -      (48)
  Reclassification
  adjustment for
  gains included
  in net earnings
  ($94 million pre-tax)
  -      -      -      -      -      (58)
  Unrealized loss
  arising from
  hedging activity
  ($55 million pre-tax)
  -      -      -      -      -      (34)
  Reclassification
  adjustment for
  hedging related
  gains included
  in net earnings
  ($6 million pre-tax)
  -      -      -      -      -      (4)
  Currency translation
  adjustments
  -      -      -      -      -      (194)
  Minimum pension
  liability adjustment
  ($2 million pre-tax)
  -      -      -      -      -      1
Other comprehensive
loss
  -      -      -      (337)      -      (337)
Comprehensive
Income
  -      -      -      -      -      1,070
Cash dividends
declared
  -      -      (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
*There are 100 million shares of  10 par value preferred stock authorized, none of which have been issued.

Accumulated unrealized holding gains, related to available for sale securities, as of December 31, 2000, 1999 and 1998 were  7 million,  113 million, and  43 million, respectively. Accumulated unrealized losses related to hedging activity as of December 31, 2000 were  (38). Accumulated translation adjustments as of December 31, 2000, 1999 and 1998 were  (425) million,  (231) million and  (113) million, respectively. Accumulated minimum pension liability adjustments as of December 31, 2000, 1999 and 1998 were  (26) million,  (27) million and  (41) million, respectively.

The accompanying notes are an integral part of these financial statements.
 
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