condensed consolidated balance sheets
| IN MILLIONS OF DOLLARS AT DECEMBER 31, |
|
2001 |
|
|
2000 |
 |
| Assets |
| Current Assets |
$ |
3,259 |
|
$ |
3,139 |
|
| Property, Plant and Equipment |
|
14,886 |
|
|
11,947 |
| Accumulated Depreciation and Amortization |
|
(4,822 |
) |
|
(4,266 |
) |
|
| Net Property, Plant and Equipment |
|
10,064 |
|
|
7,681 |
|
| Noncurrent Assets |
|
12,074 |
|
|
10,706 |
|
| Total |
$ |
25,397 |
|
$ |
21,526 |
|
| Liabilities and Capitalization |
| Current Liabilities |
$ |
4,694 |
|
$ |
5,712 |
|
| Noncurrent Liabilities |
|
5,505 |
|
|
5,313 |
|
| Capitalization: |
| Long-Term Debt |
|
7,950 |
|
|
5,297 |
| Securitization Debt |
|
2,351 |
|
|
— |
|
| Total Long-Term Debt |
|
10,301 |
|
|
5,297 |
|
| Subsidiaries' Preferred Securities |
|
760 |
|
|
1,208 |
| Common Equity |
|
4,137 |
|
|
3,996 |
|
| Total Capitalization |
|
15,198 |
|
|
10,501 |
|
| Total |
$ |
25,397 |
|
$ |
21,526 |
|
The detailed consolidated financial statements and related discussion appear in Appendix A to the Proxy Statement.
condensed consolidated statements of common stockholders' equity
| IN MILLIONS OF DOLLARS |
COMMON
STOCK |
|
TREASURY
STOCK |
|
RETAINED
EARNINGS |
|
ACCUMULATED
OTHER
COMPREHENSIVE
INCOME (LOSS) |
|
TOTAL |
|
| Balance as of January 1, 1999 |
$ |
3,603 |
|
$ |
(207 |
) |
$ |
1,748 |
|
$ |
(46 |
) |
$ |
5,098 |
|
| Net (Loss) |
|
— |
|
|
— |
|
|
(81 |
) |
|
— |
|
|
(81 |
) |
Other Comprehensive Income
(Loss) |
|
— |
|
|
— |
|
|
— |
|
|
(158 |
) |
|
(158 |
) |
| Cash Dividends on Common Stock |
|
— |
|
|
— |
|
|
(474 |
) |
|
— |
|
|
(474 |
) |
| Purchase of Treasury Stock |
|
— |
|
|
(400 |
) |
|
— |
|
|
— |
|
|
(400 |
) |
| Other |
|
1 |
|
|
10 |
|
|
— |
|
|
— |
|
|
11 |
|
| Balance as of December 31, 1999 |
|
3,604 |
|
|
(597 |
) |
|
1,193 |
|
|
(204 |
) |
|
3,996 |
|
| Net Income |
|
— |
|
|
— |
|
|
764 |
|
|
— |
|
|
764 |
Other Comprehensive Income
(Loss) |
|
— |
|
|
— |
|
|
— |
|
|
(2 |
) |
|
(2 |
) |
| Cash Dividends on Common Stock |
|
— |
|
|
— |
|
|
(464 |
) |
|
— |
|
|
(464 |
) |
| Purchase of Treasury Stock |
|
— |
|
|
(298 |
) |
|
— |
|
|
— |
|
|
(298 |
) |
|
| Balance as of December 31, 2000 |
|
3,604 |
|
|
(895 |
) |
|
1,493 |
|
|
(206 |
) |
|
3,996 |
|
| Net Income |
|
— |
|
|
— |
|
|
770 |
|
|
— |
|
|
770 |
Other Comprehensive Income
(Loss) |
|
— |
|
|
— |
|
|
— |
|
|
(84 |
) |
|
(84 |
) |
| Cash Dividends on Common Stock |
|
— |
|
|
— |
|
|
(449 |
) |
|
— |
|
|
(449 |
) |
| Purchase of Treasury Stock |
|
— |
|
|
(86 |
) |
|
— |
|
|
— |
|
|
(86 |
) |
| Other |
|
(5 |
) |
|
— |
|
|
(5 |
) |
|
— |
|
|
(10 |
) |
|
| Balance as of December 31, 2001 |
$ |
3,599 |
|
$ |
(981 |
) |
$ |
1,809 |
|
$ |
(290 |
) |
$ |
4,137 |
|
The detailed consolidated financial statements and related discussion appear in Appendix A to the Proxy Statement.
|
