| Consolidated Balance Sheets |
Years Ended September 30
Thousands of dollars, except per-share amounts and numbers of shares |
| |
2005 |
2004 |
 |
| Assets |
|
|
|
|
|
|
| Current Assets |
|
|
|
|
|
|
| Cash and equivalents |
$ |
1,042,890 |
|
$ |
719,378 |
|
| Short-term investments |
|
86,808 |
|
|
32,119 |
|
| Trade receivables, net |
|
842,806 |
|
|
807,380 |
|
| Inventories |
|
775,949 |
|
|
738,778 |
|
| Prepaid expenses, deferred taxes and other |
|
226,861 |
|
|
279,985 |
|
| Assets held for sale |
|
— |
|
|
63,694 |
|
|
| Total Current Assets |
|
2,975,314 |
|
|
2,641,334 |
|
| Property, Plant and Equipment, Net |
|
1,933,718 |
|
|
1,880,997 |
|
| Goodwill |
|
470,049 |
|
|
473,211 |
|
| Core and Developed Technology, Net |
|
165,381 |
|
|
188,541 |
|
| Other Intangibles, Net |
|
101,558 |
|
|
93,466 |
|
| Capitalized Software, Net |
|
229,793 |
|
|
283,918 |
|
| Other |
|
196,156 |
|
|
191,112 |
|
|
| Total Assets |
$ |
6,071,969 |
|
$ |
5,752,579 |
|
|
| |
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
| Current Liabilities |
|
|
|
|
|
|
| Short-term debt |
$ |
206,509 |
|
$ |
49,289 |
|
| Accounts payable |
|
252,262 |
|
|
206,941 |
|
| Accrued expenses |
|
439,894 |
|
|
384,936 |
|
| Salaries, wages and related items |
|
329,864 |
|
|
307,996 |
|
| Income taxes |
|
70,846 |
|
|
86,739 |
|
| Liabilities held for sale |
|
— |
|
|
14,181 |
|
|
| Total Current Liabilities |
|
1,299,375 |
|
|
1,050,082 |
|
| Long-Term Debt |
|
1,060,833 |
|
|
1,171,506 |
|
| Long-Term Employee Benefit Obligations |
|
301,933 |
|
|
374,222 |
|
| Deferred Income Taxes and Other |
|
125,876 |
|
|
88,906 |
|
| |
|
|
|
|
|
|
| Commitments and Contingencies |
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
| Shareholders’ Equity |
|
|
|
|
|
|
| ESOP convertible preferred stock–$1 par value: authorized–1,016,949 shares; |
|
|
|
|
|
|
| issued and outstanding–527,819 shares in 2004 |
|
— |
|
|
31,142 |
|
| Preferred stock, series A - $1 par value: authorized–500,000 shares; none issued |
|
— |
|
|
— |
|
| Common stock–$1 par value: authorized–640,000,000 shares; |
|
|
|
|
|
|
| issued–332,662,160 shares in 2005 and 2004 |
|
332,662 |
|
|
332,662 |
|
| Capital in excess of par value |
|
615,846 |
|
|
414,515 |
|
| Retained earnings |
|
4,805,852 |
|
|
4,264,778 |
|
| Deferred compensation |
|
10,280 |
|
|
10,222 |
|
| Common stock in treasury–at cost–84,977,933 shares in 2005 |
|
|
|
|
|
|
| and 83,327,295 shares in 2004 |
|
(2,297,493 |
) |
|
(1,816,756 |
) |
| Accumulated other comprehensive loss |
|
(183,195 |
) |
|
(168,700 |
) |
|
| Total Shareholders’ Equity |
|
3,283,952 |
|
|
3,067,863 |
|
|
| Total Liabilities and Shareholders’ Equity |
$ |
6,071,969 |
|
$ |
5,752,579 |
|
|
See notes to consolidated financial statements
|
