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|
Consolidated Statements of Common Stockholders’ Equity and Comprehensive Income
|
 Print |
 |
|
|
|
|
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|
(in millions, except per share amounts)
|
|
|
|
Balance December 31, 1999 |
|
733 |
|
|
$ |
4,603 |
|
|
$ |
4,397 |
|
|
|
$ |
(2 |
) |
|
|
$ |
8,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
— |
|
|
— |
|
|
1,776 |
|
|
|
— |
|
|
|
1,776 |
|
|
$ |
1,776 |
|
|
|
Other Comprehensive Income (a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
adjustments (Note 1) |
|
— |
|
|
— |
|
|
— |
|
|
|
(118 |
) |
|
|
(118 |
) |
|
|
(118 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,658 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend reinvestment and employee
benefits (Note 19) |
|
6 |
|
|
194 |
|
|
— |
|
|
|
— |
|
|
|
194 |
|
|
|
|
|
|
|
Common stock dividends |
|
— |
|
|
— |
|
|
(809 |
) |
|
|
— |
|
|
|
(809 |
) |
|
|
|
|
|
|
Preferred and preference stock
dividends (Note 15) |
|
— |
|
|
— |
|
|
(19 |
) |
|
|
— |
|
|
|
(19 |
) |
|
|
|
|
|
|
Other capital stock transactions, net |
|
— |
|
|
— |
|
|
34 |
|
|
|
— |
|
|
|
34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance December 31, 2000 |
|
739 |
|
$ |
4,797 |
|
$ |
5,379 |
|
|
$ |
(120 |
) |
|
$ |
10,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
— |
|
|
— |
|
|
1,898 |
|
|
|
— |
|
|
|
1,898 |
|
|
$ |
1,898 |
|
|
|
Other Comprehensive Income (a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative effect of change in
accounting principle (Note 1) |
|
— |
|
|
— |
|
|
— |
|
|
|
(921 |
) |
|
|
(921 |
) |
|
|
(921 |
) |
|
|
Foreign currency translation
adjustments (Note 1) |
|
— |
|
|
— |
|
|
— |
|
|
|
(187 |
) |
|
|
(187 |
) |
|
|
(187 |
) |
|
|
Net unrealized gains on cash flow
hedges (Notes 1 and 7) |
|
— |
|
|
— |
|
|
— |
|
|
|
1,324 |
|
|
|
1,324 |
|
|
|
1,324 |
|
|
|
Reclassification into earnings
(Notes 1 and 7) |
|
— |
|
|
— |
|
|
— |
|
|
|
84 |
|
|
|
84 |
|
|
|
84 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
2,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend reinvestment and employee
benefits (Note 19) |
|
13 |
|
|
329 |
|
|
— |
|
|
|
— |
|
|
|
329 |
|
|
|
|
|
|
|
Equity offering (Note 18) |
|
25 |
|
|
1,091 |
|
|
— |
|
|
|
— |
|
|
|
1,091 |
|
|
|
|
|
|
|
Common stock dividends, including
equity units contract adjustment
(Note 18) |
|
— |
|
|
— |
|
|
(973 |
) |
|
|
— |
|
|
|
(973 |
) |
|
|
|
|
|
|
Preferred and preference stock
dividends (Note 15) |
|
— |
|
|
— |
|
|
(14 |
) |
|
|
— |
|
|
|
(14 |
) |
|
|
|
|
|
|
Other capital stock transactions, net |
|
— |
|
|
— |
|
|
2 |
|
|
|
— |
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance December 31, 2001 |
|
777 |
|
$ |
6,217 |
|
$ |
6,292 |
|
|
$ |
180 |
|
|
$ |
12,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
— |
|
|
— |
|
|
1,034 |
|
|
|
— |
|
|
|
1,034 |
|
|
$ |
1,034 |
|
|
|
Other Comprehensive Income (a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation
adjustments (Note 1) |
|
— |
|
|
— |
|
|
— |
|
|
|
(340 |
) |
|
|
(340 |
) |
|
|
(340 |
) |
|
|
Net unrealized gains on cash
flow hedges (Notes 1 and 7) |
|
— |
|
|
— |
|
|
— |
|
|
|
37 |
|
|
|
37 |
|
|
|
37 |
|
|
|
Reclassification into earnings
(Notes 1 and 7) |
|
— |
|
|
— |
|
|
— |
|
|
|
(102 |
) |
|
|
(102 |
) |
|
|
(102 |
) |
|
|
Minimum pension liability
adjustment (Note 20) |
|
— |
|
|
— |
|
|
— |
|
|
|
(484 |
) |
|
|
(484 |
) |
|
|
(484 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total comprehensive income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividend reinvestment and employee
benefits (Note 19) |
|
13 |
|
|
342 |
|
|
— |
|
|
|
— |
|
|
|
342 |
|
|
|
|
|
|
|
Equity offering (Note 18) |
|
55 |
|
|
975 |
|
|
— |
|
|
|
— |
|
|
|
975 |
|
|
|
|
|
|
|
Westcoast Acquisition (Note 2) |
|
50 |
|
|
1,702 |
|
|
|
|
|
|
— |
|
|
|
1,702 |
|
|
|
|
|
|
|
Common stock dividends, including
equity units contract adjustment
(Note 18) |
|
— |
|
|
— |
|
|
(905 |
) |
|
|
— |
|
|
|
(905 |
) |
|
|
|
|
|
|
Preferred and preference stock
dividends (Note 15) |
|
— |
|
|
— |
|
|
(13 |
) |
|
|
— |
|
|
|
(13 |
) |
|
|
|
|
|
|
Other capital stock transactions, net |
|
— |
|
|
— |
|
|
9 |
|
|
|
— |
|
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance December 31, 2002 |
|
895 |
|
$ |
9,236 |
|
$ |
6,417 |
|
|
$ |
(709 |
) |
|
$ |
14,944 |
|
|
|
|
|
|
(a) |
|
Other Comprehensive Income amounts are net of tax, except for foreign currency translation. |
See Notes to Consolidated Financial Statements.
|
|
