December 31

2004

2003

2002

(millions of dollars except per share data)

COMMON STOCK, $1 PAR VALUE:

Balance at beginning of year

$

175.1

$

115.9

$

79.2

Treasury stock retirement

(2.0

)

(2.4

)

50% stock dividend

58.4

38.6

Stock options exercised and other stock compensation

.8

.8

.5

Balance at end of year

173.9

175.1

115.9

ADDITIONAL PAID-IN CAPITAL:

Balance at beginning of year

524.2

545.8

658.1

Treasury stock retirement

(105.7

)

(103.4

)

50% stock dividend

(58.4

)

(38.6

)

Stock options exercised and tax benefit

25.6

32.9

25.3

Other stock compensation

6.4

3.9

4.4

Balance at end of year

450.5

524.2

545.8

RETAINED EARNINGS:

Balance at beginning of year

2,399.2

2,113.3

1,916.5

Net income

906.8

526.5

372.0

Cash dividends declared on common stock, per share: 2004-$2.75; 2003-$1.37; 2002-$1.00

(479.1

)

(240.6

)

(175.2

)

Balance at end of year

2,826.9

2,399.2

2,113.3

TREASURY STOCK AT COST:

Balance at beginning of year

(105.8

)

Purchases

(107.7

)

Retirements

107.7

105.8

Balance at end of year

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):

NET UNREALIZED INVESTMENT GAINS (LOSSES):

Balance at beginning of year

$

9.5

$

7.4

$

(2.4

)

(Decrease) Increase

(9.2

)

2.1

9.8

Balance at end of year

.3

9.5

7.4

MINIMUM PENSION LIABILITY:

Balance at beginning of year

(3.2

)

(20.3

)

(8.8

)

(Increase) Decrease

(5.3

)

17.1

(11.5

)

Balance at end of year

(8.5

)

(3.2

)

(20.3

)

DERIVATIVE CONTRACTS:

Balance at beginning of year

(15.1

)

(39.7

)

(37.3

)

Increase (Decrease)

11.0

24.6

(2.4

)

Balance at end of year

(4.1

)

(15.1

)

(39.7

)

CURRENCY TRANSLATION:

Balance at beginning of year

156.7

(121.7

)

(246.9

)

Translation gains

166.7

278.4

125.2

Balance at end of year

323.4

156.7

(121.7

)

Total accumulated other comprehensive income (loss)

$

311.1

$

147.9

$

(174.3

)

Total Stockholders’ Equity

$

3,762.4

$

3,246.4

$

2,600.7