Consolidated Statements of Common Stockholders' Equity and Comprehensive Income (Loss)

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Consolidated Statements of Cash Flows

Consolidated Statements of Common Stockholders' Equity and Comprehensive Income (Loss)

Non-GAAP Financial Measures

Excel Format

								Accumulated Other Comprehensive Income (Loss)
(In millions)	Common Stock Shares	Common Stock			Retained Earnings			Foreign Currency Adjustments			Net Gains (Losses) on Cash Flow Hedges			Minimum Pension Liability Adjustment			Total
Balance December 31, 2001	777		$	6,217		$	6,292		$	(307)		$	487		$	—		$	12,689
Net income	—			—			1,034			—			—			—			1,034
Other Comprehensive Income
Foreign currency translation adjustments	—			—			—			(340)			—			—			(340)
Net unrealized gains on cash flow hedges^b	—			—			—			—			37			—			37
Reclassification into earnings from cash flow hedges^c	—			—			—			—			(102)			—			(102)
Minimum pension liability adjustment^d	—			—			—			—			—			(484)			(484)
Total comprehensive income																			145
Dividend reinvestment and employee benefits	13			342			—			—			—			—			342
Equity offering	55			975			—			—			—			—			975
Westcoast Acquisition	50			1,702			—			—			—			—			1,702
Common stock dividends	0			—			(905)			—			—			—			(905)
Preferred and preference stock dividends	—			—			(13)			—			—			—			(13)
Other capital stock transactions, net	—			—			9			—			—			—			9
Balance December 31, 2002	895		$	9,236		$	6,417		$	(647)		$	422		$	(484)		$	14,944
Net loss	—			—			(1,323)			—			—			—			(1,323)
Other Comprehensive Loss
Foreign currency translation adjustments^a	—			—			—			986			—			—			986
Foreign currency translation adjustments reclassified into earnings as a result of the sale of European operations	—			—			—			(24)			—			—			(24)
Net unrealized gains on cash flow hedges^b	—			—			—			—			116			—			116
Reclassification into earnings from cash flow hedges^c	—			—			—			—			(240)			—			(240)
Minimum pension liability adjustment^d	—			—			—			—			—			40			40
Total comprehensive loss																			(445)
Dividend reinvestment and employee benefits	16			283			(6)			—			—			—			277
Common stock dividends	—			—			(993)			—			—			—			(993)
Preferred and preference stock dividends	—			—			(15)			—			—			—			(15)
Other capital stock transactions, net	—			—			(20)			—			—			—			(20)
Balance December 31, 2003	911		$	9,519		$	4,060		$	315		$	298		$	(444)		$	13,748
Net income	—			—			1,490			—			—			—			1,490
Other Comprehensive Income
Foreign currency translation adjustments	—			—			—			279			—			—			279
Foreign currency translation adjustments reclassified into earnings as a result of the sale of Asia-Pacific Business	—			—			—			(54)			—			—			(54)
Net unrealized gains on cash flow hedges^b	—			—			—			—			311			—			311
Reclassification into earnings from cash flow hedges^c	—			—			—			—			(83)			—			(83)
Minimum pension liability adjustment^d	—			—			—			—			—			28			28
Total comprehensive income																			1,971
Dividend reinvestment and employee benefits	5			108			20			—			—			—			128
Equity offering	41			1,625															1,625
Common stock dividends	-			-			(1,018)			-			-			-			(1,018)
Preferred and preference stock dividends	-			-			(9)			—			—			—			(9)
Other capital stock transactions, net	—			—			(4)			—			—			—			(4)
Balance December 31, 2004	957		$	11,252		$	4,539		$	540		$	526		$	(416)		$	16,441

^a Foreign currency translation adjustments, net of $114 tax benefit in 2003

^b Net unrealized gains on cash flow hedges, net of $170 tax expense in 2004, $49 tax expense in 2003 and $72 tax expense in 2002

^c Reclassification into earnings from cash flow hedges, net of $45 tax benefit in 2004, $130 tax benefit in 2003 and $94 tax benefit in 2002

^d Minimum pension liability adjustment, net of $18 tax expense in 2004, $27 tax expense in 2003 and $309 tax benefit in 2002