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FINANCIALS: CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY PAGE 1 OF 1 left arrow right arrow
Consolidated Statement of Shareholders' Equity
(in millions, except share
and per share data)
Common Stock* Additional Paid in Capital Retained Earnings Accumulated
Other
Comprehensive
(Loss) Income
Unearned
Restricted
Stock
Treasury Stock Total
line
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-salesecurities
 
      ($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 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
line
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 71
Tax reductions—employee plans 1 1
line
Shareholders’ Equity December 31, 2002 978 849 7,611 (771) (5,890) 2,777
Net earnings 265 265
Other comprehensive income (loss):  
   Unrealized gains on available-
   for-sale securities
 
      ($18 million pre-tax) 11 11
   Unrealized loss arising from
   hedging activity
 
      ($42 million pre-tax) (25) (25)
   Reclassification adjustment for
   hedging related
 
      losses included in net earnings  
      ($29 million pre-tax) 19 19
   Currency translation adjustments 413 413
   Minimum pension liability
   adjustment
 
      ($167 million pre-tax) 122 122
   Other comprehensive income 540 540
Comprehensive income   805
Cash dividends declared ($1.15 per common share) (330) (330)
Treasury stock issued for stock option exercises  
   (337,940 shares) (10) 21 11
Unearned restricted stock issuances
   (309,552 shares) (9) (8) 17
Tax reductions—employee plans 1 1
line
Shareholders’ Equity December 31, 2003 $ 978 $ 850 $ 7,527 $ (231) $ (8) $ (5,852) $ 3,264
line
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* There are 100 million shares of $10 par value preferred stock authorized, none of which have been issued.

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

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