|
|
(In thousands except per share amounts)
|
| |
|
|
|
| December 31, |
2000
|
1999
|
|
| |
|
|
|
 |
| Assets |
|
|
|
| Cash and cash equivalents |
$ 2,644,306
|
$ 1,892,715
|
|
| Marketable securities |
341,031
|
520,587
|
|
| Accounts receivable less allowances (2000 - $144,150
and 1999 - $141,759) |
2,740,272
|
2,389,863
|
|
| Inventories |
1,531,727
|
1,607,960
|
|
| Net assets-discontinued business held for sale |
-
|
4,192,346
|
|
| Other current assets including deferred taxes |
2,923,475
|
1,781,307
|
|
|
|
|
| Total Current Assets |
10,180,811
|
12,384,778
|
|
| Property, plant and equipment: |
|
|
|
| Land |
149,810
|
135,013
|
|
| Buildings |
2,694,612
|
2,598,890
|
|
| Machinery and equipment |
3,510,529
|
3,269,793
|
|
| Construction in progress |
1,223,282
|
389,252
|
|
|
|
|
| |
7,578,233
|
6,392,948
|
|
| Less accumulated depreciation |
2,543,409
|
2,274,771
|
|
|
|
|
| |
5,034,824
|
4,118,177
|
|
Goodwill and other intangibles, net of accumulated amortization
(2000-$1,739,368 and 1999 -$1,667,711) |
4,052,410
|
4,823,309
|
|
| Other assets including deferred taxes |
1,824,421
|
1,797,492
|
|
|
|
|
| Total Assets |
$21,092,466
|
$23,123,756
|
|
|
|
|
|
| Liabilities |
|
|
|
| Loans payable |
$ 58,717
|
$ 1,880,816
|
|
| Trade accounts payable |
595,233
|
562,679
|
|
| Accrued expenses |
8,831,459
|
3,809,525
|
|
| Accrued expenses |
256,650
|
227,363
|
|
|
|
|
| Total Current Liabilities |
9,742,059
|
6,480,383
|
|
| Long-term debt |
2,394,790
|
3,606,423
|
|
| Other noncurrent liabilities |
5,226,495
|
5,925,313
|
|
| Accrued postretirement benefits other than pensions |
911,029
|
896,890
|
|
|
|
|
|
| Stockholders' Equity |
|
|
|
| $2.00 convertible preferred stock, par value $2.50 per
share; 5,000,000 shares authorized |
55
|
61
|
|
Common stock, par value $0.33 1/3 per share; 2,400,000,000
shares authorized (outstanding shares: 2000-1,311,774,000 and
1999-1,303,916,000) |
437,258
|
434,639
|
|
| Additional paid-in capital |
3,952,457
|
3,392,705
|
|
| Retained earnings (accumulated deficit) |
(899,118)
|
3,000,827
|
|
| Accumulated other comprehensive loss |
(672,559)
|
(613,485)
|
|
|
|
|
| Total Stockholders' Equity |
2,818,093
|
6,214,747
|
|
|
|
|
| Total Liabilities and Stockholders' Equity |
$21,092,466
|
$23,123,756
|
|
|
|
|
The accompanying notes are an integral part of these Consolidated
Financial Statements.
|
