DECEMBER 31,

IN MILLIONS EXCEPT SHARE AND PER SHARE AMOUNTS

 2001

Assets

Current assets:

Cash and cash equivalents

$

858

$

879

Marketable securities and short-term investments

758

1,073

Accounts receivable, net

4,078

4,078

Finance receivables, net

708

62

Prepaid health and welfare benefit costs

446

408

Other current assets

749

624

Total current assets

7,597

7,124

Property, plant, and equipment (net of accumulated depreciation

and amortization of $10,620 and $9,665 in 2001 and 2000)

13,438

12,329

Prepaid pension costs

1,845

1,593

Other assets

1,756

616

$

24,636

 $

21,662

Liabilities and Shareowners’ Equity

Current liabilities:

Current maturities of long-term debt and commercial paper

$

518

$

623

Accounts payable

1,742

1,674

Accrued wages and withholdings

1,169

1,134

Dividends payable

212

192

Other current liabilities

988

878

Total current liabilities

4,629

4,501

Long-term debt (including capitalized lease obligations)

4,648

2,981

Accumulated postretirement benefit obligation

1,130

1,049

Deferred taxes, credits, and other liabilities

3,981

3,396

Shareowners’ equity:

Preferred stock, no par value, authorized 200,000,000 shares,

 none issued

—

—

Class A common stock, par value $.01 per share,

authorized 4,600,000,000 shares, issued 771,890,541
and 935,873,745 in 2001 and 2000

8

9

Class B common stock, par value $.01 per share,

authorized 5,600,000,000 shares, issued 349,435,195
and 198,819,384 in 2001 and 2000

3

2

Additional paid-in capital

414

267

Retained earnings

10,162

9,684

Accumulated other comprehensive loss

(339)

(227)

Deferred compensation arrangements

47

—

10,295

9,735

Less: treasury stock, at cost (817,414 and 0 shares in 2001 and 2000)

(47)

— 

10,248

9,735

$ 

24,636

$ 

21,662

See notes to consolidated financial statements.