Consolidated Statement of Shareholders' Equity
(millions of dollars, shares in thousands)


Common Stock Treasury Stock
Activity Shares Amounts Additional Paid-In Capital Shares Amounts Retained Earnings Accumulated Other Comprehensive Income (Loss) Total
.
Balance, December 31, 1997 159,970 $2 $1,471 2,597 ($129) $1,034 ($256) $2,122
..
Net income 425 425
Translation adjustments (99) (99)
Effect of functional currency change (Note 1) (57) (57)
Comprehensive income


269

Dividends on common stock ($.50 per share) (79) (79)
Issuances of common stock:
For the dividend reinvestment and stock purchase plan 80 1 1
For employee savings and incentive plans 1,467 56 (1,279) 60 116
Purchases of common stock 2,628 (97) (97)
.
Balance, December 31, 1998 161,517 $2 $1,528 3,946 ($166) $1,380 ($412) $2,332
..
Net income 431 431
Translation adjustments (416) (416)
Comprehensive income
15
Dividends on common stock ($.56 per share) (89) (89)
Issuances of common stock:  
For the dividend reinvestment and stock purchase plan 64 1 1
For employee savings and incentive plans 2,634 84 (488) 20 104
Purchases of common stock 1,710 (73) (73)
.
Balance, December 31, 1999 164,215 $2 $1,613 5,168 ($219) $1,722 ($828) $2,290
.
Net income 363 363
Translation adjustments (183) (183)
Comprehensive income 180
Dividends on common stock ($.62 per share) (98) (98)
Issuances of common stock:  
For the dividend reinvestment and stock purchase plan 73 1 1
For employee savings and incentive plans 2,021 44 (2,054) 84 128
Purchases of common stock 3,816 (144) (144)
.
Balance, December 31, 2000 166,309 $2 $1,658 6,930 ($279) $1,987 ($1,011) $2,357

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.