| YEAR ENDED DECEMBER 31, |
| (millions of dollars) | 2002 | 2001 | 2000 |
 |
| Preference stock: |
| Issuances in 2000 and balance at end of year 2002, 2001 and 2000 | $300 | $300 | $300 |
|
| Common stock without par value – authorized shares – 1,000,000,000 |
| Balance at beginning of year | 6,560 | 6,360 | 6,795 |
| New public offering (2002 – 46,800,000 shares) | 1,084 | — | — |
| Direct Stock Purchase and Dividend Reinvestment Plan |
| (2002 – 1,069,264 shares; 2001 – 260,243 shares) | 40 | 12 | — |
| Issuance of stock purchase contracts related to equity-linked debt securities | (48) | (142) | — |
| Issued for Long-Term Incentive Compensation Plan (2002 – 599,516 |
| 2001 – 535,052 shares; and 2000 – 332,895 shares) | (3) | 4 | 3 |
| Common stock repurchased and retired (2001 – 1,252,500 shares; |
| and 2000 – 18,630,517 shares) | — | (30) | (445) |
| Treasury stock – Long-Term Incentive Plan Trusts | 1 | (4) | (3) |
| Issued for purchase contracts under 1998 equity-linked debt securities |
| (2002 – 8,365,133 shares and 2001 – 7,488,395 shares) | 349 | 351 | — |
| Special allocation to Thrift Plan by trustee | 8 | 9 | 9 |
|
| Other | 4 | — | 1 |
| Balance at end of year (2002 – 321,974,000 shares; 2001 – 265,140,087 shares; |
| and 2000 – 258,108,897 shares) | 7,995 | 6,560 | 6,360 |
|
| Additional paid in capital: |
| Change during the year and balance at end of the year | 111 | — | — |
|
| Common stock repurchasable under equity forward contracts: |
| Balance at beginning of year | — | (190) | — |
| Change during the year | — | 190 | (190) |
|
| Balance at end of year | — | — | (190) |
|
| Retained earnings: |
| Balance at beginning of year | 1,863 | 1,817 | 1,691 |
| Net income | (4,210) | 677 | 916 |
| Dividends declared on common stock ($1.925, $2.40 and $2.40 per share) | (533) | (625) | (625) |
| Common stock repurchased and retired | — | (14) | (151) |
| Dividends on preference stock ($7,240, $7,240 and $3,902 per share) | (22) | (22) | (12) |
| Equity forward contract settlements | — | 21 | — |
| LESOP dividend deduction tax benefit and other | 2 | 9 | (2) |
|
| Balance at end of year | (2,900) | 1,863 | 1,817 |
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