 |
statements of consolidated shareowners' equity
| (In millions except per share amounts) |
Class A
Common Stock |
Class B
Common Stock |
Additional Paid-In Capital |
Retained Earnings |
Accumulated Other Comprehensive Income (Loss) |
Treasury
Stock |
Total Shareowners’
Equity |
|
| Shares |
Amount |
Shares |
Amount |
Shares |
Amount |
|
| Balance, January 1, 1998 |
1,124 |
$ 11 |
– |
$ – |
$– |
$ 6,157 |
$ (81) |
– |
$– |
$ 6,087 |
|
Comprehensive income:
Net income |
– |
– |
– |
– |
– |
1,741 |
– |
– |
– |
1,741 |
|
| Foreign currency adjustments |
– |
– |
– |
– |
– |
– |
19 |
– |
– |
19 |
|
Unrealized loss on marketable
securities |
– |
– |
– |
– |
– |
– |
(1) |
– |
– |
(1) |
|
|
| Comprehensive income |
|
|
|
|
|
|
|
|
|
1,759 |
|
|
Constructive retirement of common
stock |
(6) |
– |
– |
– |
– |
(90) |
– |
– |
– |
(90) |
|
| Dividends ($.43 per share) |
– |
– |
– |
– |
– |
(466) |
– |
– |
– |
(466) |
|
| Gain on issuance of treasury stock |
– |
– |
– |
– |
70 |
– |
– |
– |
– |
70 |
|
| Stock award plans |
– |
– |
– |
– |
255 |
(17) |
– |
– |
– |
238 |
|
Reclassification of common stock
held for stock plans |
– |
– |
– |
– |
– |
– |
– |
(23) |
(425) |
(425) |
|
|
| Balance, December 31, 1998 |
1,118 |
11 |
– |
– |
325 |
7,325 |
(63) |
(23) |
(425) |
7,173 |
|
Comprehensive income:
Net income |
– |
– |
– |
– |
– |
883 |
– |
– |
– |
883 |
|
| Foreign currency adjustments |
– |
– |
– |
– |
– |
– |
(104) |
– |
– |
(104) |
|
Unrealized loss on marketable
securities |
– |
– |
– |
– |
– |
– |
(3) |
– |
– |
(3) |
|
|
| Comprehensive income |
|
|
|
|
|
|
|
|
|
776 |
|
|
| Dividends ($.58 per share) |
– |
– |
– |
– |
– |
(672) |
– |
– |
– |
(672) |
|
| Gain on issuance of treasury stock |
– |
– |
– |
– |
5 |
– |
– |
– |
– |
5 |
|
| Stock award plans |
7 |
– |
– |
– |
91 |
– |
– |
21 |
434 |
525 |
|
| Treasury stock purchases |
– |
– |
– |
– |
– |
– |
– |
(54) |
(1,232) |
(1,232) |
|
| Treasury stock issuances |
– |
– |
– |
– |
– |
– |
– |
32 |
633 |
633 |
|
Issuance of Class B common
stock in public offering,
net of issuance costs |
– |
– |
109 |
1 |
5,265 |
– |
– |
– |
– |
5,266 |
|
| Retirement of treasury stock |
(24) |
– |
– |
– |
(590) |
– |
– |
24 |
590 |
– |
|
|
|
Balance, December 31, 1999
|
1,101 |
11 |
109 |
1 |
5,096 |
7,536 |
(170) |
– |
– |
12,474 |
|
Comprehensive income:
Net income |
– |
– |
– |
– |
– |
2,934 |
– |
– |
– |
2,934 |
|
| Foreign currency adjustments |
– |
– |
– |
– |
– |
– |
(56) |
– |
– |
(56) |
|
Unrealized loss on marketable
securities |
– |
– |
– |
– |
– |
– |
(1) |
– |
– |
(1) |
|
|
| Comprehensive income |
|
|
|
|
|
|
|
|
|
2,877 |
|
|
| Dividends ($.68 per share) |
– |
– |
– |
– |
– |
(786) |
– |
– |
– |
(786) |
|
| Stock award plans |
15 |
– |
– |
– |
602 |
– |
– |
– |
– |
602 |
|
Common stock purchases:
Tender offer |
(68) |
(1) |
– |
– |
(4,069) |
– |
– |
– |
– |
(4,070) |
|
| Other |
(16) |
– |
(7) |
– |
(1,395) |
– |
– |
– |
– |
(1,395) |
|
| Common stock issuances |
1 |
– |
– |
– |
33 |
– |
– |
– |
– |
33 |
|
| Conversion of Class A |
|
|
|
|
|
|
|
|
|
|
|
| Common Stock to Class B |
|
|
|
|
|
|
|
|
|
|
|
| Common Stock |
(97) |
(1) |
97 |
1 |
– |
– |
– |
– |
– |
– |
|
|
| Balance, December 31, 2000 |
936 |
$9 |
199 |
$ 2 |
$ 267 |
$ 9,684 |
$ (227) |
– |
$– |
$ 9,735 |
|
|
See notes to consolidated financial statements.
|
|
