Consolidated Statements of Stockholders’ Equity

(in millions of dollars, except per share data)


Accumulated Other
Comprehensive Earnings (Losses)
                                                                Common
Stock
Additional
Paid-in
Capital
Earnings
Reinvested
in the Business
Currency
Translation
Adjustments
Other Total Cost of
Repurchased
Stock
Total
Stockholders'
Equity
Balances, January 1, 2002 $935 $4,503 $37,269 $(3,238 ) $(135 ) $(3,373 ) $(19,714 ) $19,620
 
Comprehensive earnings:
   Net earnings 11,102 11,102
   Other comprehensive earnings (losses),
      net of income taxes:
         Currency translation adjustments 287 287 287
         Additional minimum pension liability (760 ) (760 ) (760 )
         Change in fair value of derivatives
            accounted for as hedges (110 ) (110 ) (110 )
   Total other comprehensive losses (583 )
Total comprehensive earnings 10,519
Exercise of stock options and issuance
   of other stock awards 139 15 563 717
Cash dividends declared ($2.44 per share) (5,127 ) (5,127 )
Stock repurchased (6,251 ) (6,251 )
   Balances, December 31, 2002 935 4,642 43,259 (2,951 ) (1,005 ) (3,956 ) (25,402 ) 19,478
 
Comprehensive earnings:
   Net earnings 9,204 9,204
   Other comprehensive earnings (losses),
      net of income taxes:
         Currency translation adjustments 1,373 1,373 1,373
         Additional minimum pension liability 464 464 464
         Change in fair value of derivatives
            accounted for as hedges (6 ) (6 ) (6 )
   Total other comprehensive earnings 1,831
Total comprehensive earnings 11,035
Exercise of stock options and issuance
   of other stock awards 171 (93 ) 537 615
Cash dividends declared ($2.64 per share) (5,362 ) (5,362 )
Stock repurchased (689 ) (689 )
   Balances, December 31, 2003 935 4,813 47,008 (1,578 ) (547 ) (2,125 ) (25,554 ) 25,077
     
Comprehensive earnings:              
   Net earnings 9,416 9,416
   Other comprehensive earnings (losses),
      net of income taxes:
         Currency translation adjustments 968 968 968
         Additional minimum pension liability (53 ) (53 ) (53 )
         Change in fair value of derivatives
            accounted for as hedges 69 69 69
   Total other comprehensive earnings 984
Total comprehensive earnings 10,400
Exercise of stock options and issuance
   of other stock awards 363 (39 ) 703 1,027
Cash dividends declared ($2.82 per share) (5,790 ) (5,790 )  
   Balances, December 31, 2004 $935 $5,176 $50,595 $(610 ) $(531 ) $(1,141 ) $(24,851 ) $30,714

See notes to consolidated financial statements.