 |
consolidated balance sheets
December 31,
| (In millions except share and per share amounts) |
|
2000 |
|
1999 |
|
|
Assets
Current assets:
|
|
|
|
|
|
|
Cash and cash equivalents
|
$ |
879 |
$ |
4,204 |
|
|
Marketable securities and short-term investments
|
|
1,073 |
|
2,074 |
|
|
Accounts receivable
|
|
4,140 |
|
3,167 |
|
|
Prepaid health and welfare benefit costs
|
|
408 |
|
381 |
|
|
Other current assets
|
|
624 |
|
366 |
|
|
|
Total current asset |
|
7,124 |
|
10,192 |
|
|
Property, plant and equipment:
|
|
|
|
|
|
|
Vehicles
|
|
3,244 |
|
3,444 |
|
|
Aircraft (including aircraft under capitalized leases)
|
|
8,663 |
|
8,173 |
|
|
Land
|
|
649 |
|
656 |
|
|
Buildings
|
|
1,612 |
|
1,467 |
|
|
Leasehold improvements
|
|
2,006 |
|
1,902 |
|
|
Plant equipment
|
|
4,902 |
|
4,334 |
|
|
Construction-in-progress
|
|
918 |
|
494 |
|
|
|
|
|
21,994 |
|
20,470 |
|
|
Less accumulated depreciation and amortization |
|
9,665 |
|
8,891 |
|
|
|
|
|
12,329 |
|
11,579 |
|
| Prepaid pension costs |
|
1,593 |
|
931 |
|
Other assets
|
|
616 |
|
326 |
|
|
|
|
$ |
21,662 |
$ |
23,028 |
|
|
Liabilities and Shareowners’ Equity
Current liabilities:
|
|
|
|
|
|
|
Commercial paper
|
$ |
366 |
$ |
– |
|
|
Accounts payable
|
|
1,674 |
|
1,295 |
|
|
Accrued wages and withholdings |
|
1,134 |
|
998 |
|
|
Dividends payable
|
|
192 |
|
361 |
|
|
Tax assessment
|
|
146 |
|
457 |
|
|
Current maturities of long-term debt
|
|
257 |
|
512 |
|
|
Other current liabilities |
|
732 |
|
575 |
|
|
|
Total current liabilities |
|
4,501 |
|
4,198 |
|
|
| Long-term debt (including capitalized lease obligations) |
|
2,981 |
|
1,912 |
|
|
| Accumulated postretirement benefit obligation |
|
1,049 |
|
990 |
|
|
| Deferred taxes, credits, and other liabilities |
|
3,396 |
|
3,454 |
|
|
| 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 935,873,745 and
1,101,295,534 in 2000 and 1999 |
|
9 |
|
11 |
|
|
Class B common stock, par value $.01 per share, authorized
5,600,000,000 shares, issued 198,819,384 and
109,400,000 in 2000 and 1999 |
|
2 |
|
1 |
|
|
Additional paid-in capital |
|
267 |
|
5,096 |
|
|
Retained earnings |
|
9,684 |
|
7,536 |
|
|
Accumulated other comprehensive loss |
|
(227) |
|
(170) |
|
|
|
|
|
9,735 |
|
12,474 |
|
|
|
|
$ |
21,662 |
$ |
23,028 |
|
|
| See notes to consolidated financial statements. |
|
|
