| Borrowings of | |||||||||||||||||||||||||||||
| Employee | |||||||||||||||||||||||||||||
| Accumulated | Investment | ||||||||||||||||||||||||||||
| Additional | Other | and Stock | |||||||||||||||||||||||||||
| Common | Paid-In | Retained | Treasury | Comprehensive | Ownership | ||||||||||||||||||||||||
| (Dollars in thousands, except per share data) | Stock | Capital | Earnings | Stock | Income (Loss) | Plan | Total | ||||||||||||||||||||||
|
Balance, January 1, 1999
|
$ | 2,067 | $ | 1,289,164 | $ | 1,068,592 | $ | (15,325 | ) | $ | 45,826 | $ | (5,288 | ) | $ | 2,385,036 | |||||||||||||
|
Comprehensive Income:
|
|||||||||||||||||||||||||||||
|
Net income
|
— | — | 333,976 | — | — | — | 333,976 | ||||||||||||||||||||||
|
Change in net unrealized gain (loss) on
securities, net of tax and reclassification adjustment
|
— | — | — | — | (52,846 | ) | — | (52,846 | ) | ||||||||||||||||||||
|
Comprehensive income
|
— | — | 333,976 | — | (52,846 | ) | — | 281,130 | |||||||||||||||||||||
|
5% stock dividend
|
58 | 126,121 | (189,659 | ) | 63,254 | — | — | (226 | ) | ||||||||||||||||||||
|
Purchase of 6,799,102 shares of
treasury stock
|
— | — | — | (160,381 | ) | — | — | (160,381 | ) | ||||||||||||||||||||
|
EISOP loan repayment
|
— | — | — | — | — | 2,150 | 2,150 | ||||||||||||||||||||||
|
Dividends paid ($.54 per share)(1)
|
— | — | (134,102 | ) | — | — | — | (134,102 | ) | ||||||||||||||||||||
|
Issuance of common shares in connection with
stock options plans, 2,101,123 shares
|
13 | 10,615 | (4,384 | ) | 17,923 | — | — | 24,167 | |||||||||||||||||||||
|
Other
|
(14 | ) | 310,826 | (339,913 | ) | 29,027 | — | — | (74 | ) | |||||||||||||||||||
|
Balance, December 31, 1999
|
2,124 | 1,736,726 | 734,510 | (65,502 | ) | (7,020 | ) | (3,138 | ) | 2,397,700 | |||||||||||||||||||
|
Comprehensive income:
|
|||||||||||||||||||||||||||||
|
Net income
|
— | — | 433,962 | — | — | — | 433,962 | ||||||||||||||||||||||
|
Change in net unrealized gain (loss) on
securities, net of tax and reclassification adjustment
|
— | — | — | — | 30,873 | — | 30,873 | ||||||||||||||||||||||
|
Comprehensive income
|
— | — | 433,962 | — | 30,873 | — | 464,835 | ||||||||||||||||||||||
|
5% stock dividend
|
— | — | (220,721 | ) | 220,505 | — | — | (216 | ) | ||||||||||||||||||||
|
Purchase of 12,940,172 shares of
treasury stock
|
— | — | — | (293,763 | ) | — | — | (293,763 | ) | ||||||||||||||||||||
|
EISOP loan repayment
|
— | — | — | — | — | 1,882 | 1,882 | ||||||||||||||||||||||
|
Dividends paid ($.63 per share)(1)
|
— | — | (144,443 | ) | — | — | — | (144,443 | ) | ||||||||||||||||||||
|
Issuance of common shares in connection with
stock options plans, 2,028,110 shares
|
3 | 8,506 | (16,515 | ) | 38,215 | — | — | 30,209 | |||||||||||||||||||||
|
Balance, December 31, 2000
|
2,127 | 1,745,232 | 786,793 | (100,545 | ) | 23,853 | (1,256 | ) | 2,456,204 | ||||||||||||||||||||
|
Comprehensive income:
|
|||||||||||||||||||||||||||||
|
Net income
|
— | — | 500,714 | — | — | — | 500,714 | ||||||||||||||||||||||
|
Change in net unrealized gain (loss) on
securities, net of tax and reclassification adjustment
|
— | — | — | — | 14,124 | — | 14,124 | ||||||||||||||||||||||
|
Comprehensive income
|
— | — | 500,714 | — | 14,124 | — | 514,838 | ||||||||||||||||||||||
|
5% stock dividend
|
49 | 130,002 | (279,968 | ) | 149,461 | — | — | (456 | ) | ||||||||||||||||||||
|
Purchase of 4,322,010 shares of
treasury stock
|
— | — | — | (122,597 | ) | — | — | (122,597 | ) | ||||||||||||||||||||
|
EISOP loan repayment
|
— | — | — | — | — | 1,256 | 1,256 | ||||||||||||||||||||||
|
Dividends paid ($.75 per share)(1)
|
— | — | (166,596 | ) | — | — | — | (166,596 | ) | ||||||||||||||||||||
|
Issuance of common shares:
|
|||||||||||||||||||||||||||||
|
Acquisition, 6,887,246 shares
|
69 | 196,339 | — | — | — | — | 196,408 | ||||||||||||||||||||||
|
Stock option plans, 425,795 shares
|
4 | 20,194 | (29,850 | ) | 59,095 | — | — | 49,443 | |||||||||||||||||||||
|
Balance, December 31, 2001
|
$ | 2,249 | $ | 2,091,767 | $ | 811,093 | $ | (14,586 | ) | $ | 37,977 | $ | — | $ | 2,928,500 | ||||||||||||||
| (1) | Restated to reflect the 5% stock dividend issued September 28, 2001. | |
| See Notes to Consolidated Financial Statements. | ||