 |
 |
| Consolidated Statements of Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Dollars in millions except per share
data) |
|
| Year ended December
31, |
 |
2001 |
 |
2000 |
|
1999 |
|
 |
|
Sales
and other operating revenues
Cost of products and services |
 |
$58,198
48,778 |
 |
$51,321
43,712 |
|
$57,993
51,320 |
|
 |
|
Equity
in income from joint ventures
General and administrative expense
Research and development expense
In-process research and development expense
Gain on dispositions, net
Share-based plans expense
Special charges due to events of September 11, 2001 |
 |
9,420
93
2,389
1,936
21
378
935 |
 |
7,609
64
2,335
1,441
557
34
316
|
|
6,673
4
2,044
1,341
87
209
|
|
|
|
Earnings
from operations
Other income, principally interest
Interest and debt expense |
 |
3,896
318
(650) |
 |
3,058
386
(445) |
|
3,170
585
(431) |
|
|
|
Earnings
before income taxes
Income taxes |
 |
3,564
738 |
 |
2,999
871 |
|
3,324
1,015 |
|
|
|
Net
earnings before cumulative effect of accounting
change
Cumulative effect of accounting change, net |
 |
2,826
1 |
 |
2,128 |
|
2,309 |
|
|
|
| Net
earnings |
 |
$ 2,827 |
 |
$
2,128 |
|
$ 2,309 |
|
|
|
| Basic
earnings per share |
 |
$ 3.46 |
 |
$
2.48 |
|
$
2.52 |
|
|
|
| Diluted
earnings per share |
 |
$ 3.41 |
 |
$
2.44 |
|
$
2.49 |
|
|
|
| Cash
dividends paid per share |
 |
$ 0.68 |
 |
$
0.56 |
|
$
0.56 |
|
|
|
| See
notes to consolidated financial statements. |
|
|
|
|
|
