Consolidated Balance Sheet (millions of dollars)

Year Ended December 31, 2000 1999
Assets
Cash and cash equivalents $31 $76
Accounts receivable 876 848
Inventories 297 310
Prepaid and other current assets 157 101
.
Total Current Assets 1,361 1,335
Property, plant and equipment-net 4,771 4,720
Equity investments 242 234
Other long-term assets 1,388 1,433
.
Total Assets $7,762 $7,722
.
.
Liabilities and Equity
Accounts payable $409 $361
Short-term debt 159 756
Current portion of long-term debt 341 128
Accrued taxes 71 75
Other current liabilities 459 405
.
Total Current Liabilities 1,439 1,725
Long-term debt 2,641 2,111
Other long-term liabilities 548 562
Deferred credits 619 600
.
Total Liabilities 5,247 4,998
.
.
Minority interests 138 359
Preferred stock 20 75
Shareholders' equity:
Common stock $.01 par value, authorized 500,000,000 shares, issued 166,309,105 shares in 2000 and 164,215,383 shares in 1999 2 2
Additional paid-in capital 1,658 1,613
Retained earnings 1,987 1,722
Accumulated other comprehensive income (loss) (1,011) (828)
Less: Treasury stock, at cost (6,929,845 shares in 2000 and 5,167,801shares in 1999) (279) (219)
.
Total Shareholders' Equity 2,357 2,290
.
Total Liabilities and Equity $7,762 $7,722

The accompanying notes are an integral part of these financial statements. View them throught the navigation at the top in the Financial Section under Notes to Consolidated Financial Statements or through the Financial Index.