Statements of Consolidated Shareholders' Equity (Continued)

YEAR ENDED DECEMBER 31,
(millions of dollars) 2002 2001 2000
    Accumulated other comprehensive loss, net of tax effects:
       Foreign currency translation adjustments:
          Balance at beginning of year (654) (505) (169)
             Change during the year 329 (149) (336)
             Write-off of discontinued operations 168 — —
          Balance at end of year (157) (654) (505)
       Unrealized holding gains (losses) on investments:
          Balance at beginning of year — (3) 21
             Change during the year — 3 (24)
          Balance at end of year — — (3)
       Minimum pension liability adjustments:
          Balance at beginning of year (9) (3) (4)
             Change during the year (83) (6) 1
          Balance at end of year (92) (9) (3)
       Cash flow hedges (SFAS No. 133):
          Balance at beginning of year (104) — —
             Change during the year (102) (104) —
             Write-off of discontinued operations 15 — —
          Balance at end of year (191) (104) —
    Total accumulated other comprehensive loss (440) (767) (511)
Total common stock equity 4,766 7,656 7,476
Shareholders’ equity $ 5,066 $7,956 $7,776


See Notes to Financial Statements.

Page 2 of 2