March 31 December 31
2000 1999
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(Unaudited)
Assets
Current Assets:
Cash and cash equivalents ....................................................... $ 680,894 $ 608,097
Investment securities ........................................................... 94,453 115,199
Trade receivables, less allowances of $235,001 in 2000 and $238,956 in 1999 ..... 1,941,480 2,055,839
Inventories:
Finished products ............................................................. 864,116 772,478
Work in process ............................................................... 368,784 338,818
Materials ..................................................................... 389,409 384,148
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Total inventories ........................................................... 1,622,309 1,495,444
Prepaid expenses, income taxes, and other receivables ............................. 2,388,770 2,145,175
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Total Current Assets ........................................................ 6,727,906 6,419,754
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Investment Securities Maturing after One Year ..................................... 1,014,931 954,778
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Property and Equipment, at Cost ................................................... 9,891,241 9,797,567
Less: accumulated depreciation and amortization ................................. 5,110,228 5,027,508
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Net Property and Equipment ...................................................... 4,781,013 4,770,059
Deferred Charges, Intangible and Other Assets ..................................... 2,437,073 2,326,453
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$14,960,923 $14,471,044
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Liabilities and Shareholders' Investment
Current Liabilities:
Short-term borrowings and current portion of long-term debt ..................... $ 909,117 $ 896,271
Trade accounts payable .......................................................... 1,203,779 1,226,854
Salaries, income taxes, dividends payable, and other accruals ................... 2,387,749 2,393,586
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Total Current Liabilities .................................................. 4,500,645 4,516,711
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Long-Term Debt .................................................................... 1,326,746 1,336,789
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Other Liabilities and Deferrals ................................................... 1,259,965 1,189,949
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Shareholders' Investment:
Preferred shares, one dollar par value
Authorized - 1,000,000 shares, none issued .................................... --- ---
Common shares, without par value
Authorized - 2,400,000,000 shares
Issued at stated capital amount -
Shares: 2000: 1,566,756,449; 1999: 1,564,670,440 .............................. 2,001,434 1,939,673
Common shares held in treasury, at cost -
Shares: 2000: 17,622,834 ; 1999: 17,650,834 .................................. (257,347) (257,756)
Unearned compensation - restricted stock awards.................................. (21,965) (23,028)
Earnings employed in the business................................................ 6,566,506 6,174,007
Accumulated other comprehensive loss............................................. (415,061) (405,301)
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Total Shareholders' Investment................................................ 7,873,567 7,427,595
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$14,960,923 $14,471,044
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