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(Dollars in millions, except per-share amounts)
  Preferred Stock Common Stock Capital in Excess of Par Value Retained Earnings Other Treasury Stock Total
Balance, December 31, 1994 $100.0 $313.2 $782.2 $716.5 ($1.30) ($405.10) $1,505.5
Net income - 1995 - - - 1,318.2 - - 1,318.2
Cash dividends -              
Common stock ($.36 per share) - - - (107.2) - - (107.2)
Preferred stock (Note 15) - - - (11.9) - - (11.9)
Issuance of shares -              
38,639,762 common - 2.8 56.9 - (1.7) 352.7 410.7
2,500,000 preferred 142.5 - - - - - 142.5
Exchange of shares for debentures -              
2,760,548 preferred (Note 15) (69) - (3.5) - - - (72.5)
Purchase of treasury stock -              
142,800 preferred - - - - - (3.7) (3.7)
Tax benefit of stock-based awards - - 4.8 - - - 4.8
Amortization of deferred compensation - - - - 0.7 - 0.7
Balance, December 31, 1995 173.5 316 840.4 1,915.6 (2.3) (56.1) 3,187.1
Net income - 1996 - - - 362.3 - - 362.3
Cash dividends -              
Common stock ($.47 per share) - - - (148) - - (148)
Preferred stock (Note 15) - - - (10.4) - - (10.4)
Issuance of shares - 5,574,916 common - 4.4 31.4 - (.6) 12 47.2
Purchase of treasury stock -              
1,915,500 common - - - - - (31.3) (31.3)
96,300 preferred - - - - - (2.6) (2.6)
Retirement of treasury stock -              
497,900 preferred (12.5) - (.3) - - 12.8 -
Tax benefit of stock-based awards - - 16 - - - 16
Amortization of deferred compensation - - - - 0.7 - 0.7
Balance, December 31, 1996 161 320.4 887.5 2,119.5 (2.2) (65.2) 3,421.0
Net income - 1997 - - - 271.4 - - 271.4
Cash dividends -              
Common stock ($.54 per share) - - - (171.7) - - (171.7)
Preferred stock (Note 15) - - - (9.8) - - (9.8)
Issuance of shares - 5,221,039 common - 4.7 48.7 - (.7) 7.1 59.8
Conversion of preferred stock -              
2,528 shares (.3) - (.3) - - - -
Redemption of preferred stock -              
741,552 shares (Note 15) (18.5) - - - - - (18.5)
Tax benefit of stock-based awards - - 21.1 - - - 21.1
Amortization of deferred compensation - - - - 0.8 - 0.8
Unrealized loss on marketable              
equity securities - - - - (2.4) - (2.4)
Balance, December 31, 1997 $142.2 $325.1 $957.6 $2,209.4 ($4.50) ($58.10) $3,571.7
Note: Certain amounts have been restated to reflect the December 29, 1997, two-for-one common stock split and distribution.
See accompanying notes.


Last Updated on 4/2/98
By Angela Byers