|
|
| |
|
|
|
1998
|
1997
|
1996
|
|
| |
|
|
Total
|
Comprehensive
income
|
Total
|
Comprehensive
income
|
Total
|
Comprehensive
income
|
|
| |
|
|
|
|
|
|
|
| Common
stock issued: |
|
|
|
|
|
|
| |
Balance
at end of year |
$
258
|
|
$
258
|
|
$
258
|
|
| Other
capital: |
|
|
|
|
|
|
| |
Balance
at beginning of year |
407
|
|
407
|
|
415
|
|
| |
Stock
options exercised |
(1)
|
|
(11)
|
|
(8)
|
|
| |
Other
transactions (net) |
10
|
|
11
|
|
--
|
|
| |
Balance
at end of year |
416
|
|
407
|
|
407
|
|
| Retained
earnings: |
|
|
|
|
|
|
| |
Balance
at beginning of year |
4,397
|
|
4,372
|
|
4,226
|
|
| |
Net earnings
|
294
|
$
294
|
342
|
$
342
|
463
|
$
463
|
| |
Cash dividends
on common shares
|
(319)
|
|
(317)
|
|
(317)
|
|
| |
Balance at end
of year
|
4,372
|
|
4,397
|
|
4,372
|
|
|
Cumulative other
comprehensive expense:
|
|
|
|
|
|
|
| |
Balance
at beginning of year |
(123)
|
|
(93)
|
|
(90)
|
|
| |
Other
comprehensive expense |
|
|
|
|
|
|
| |
Foreign
currency translation adjustments |
|
(90)
|
|
(44)
|
|
(4)
|
| |
Income
tax benefit on foreign currency translation adjustments |
|
13
|
|
14
|
|
1
|
| |
Excess
additional pension liability |
|
(13)
|
|
|
|
|
| |
Income
tax benefit on excess additional pension liability |
|
5
|
|
|
|
|
| |
Net
other comprehensive expense |
(85)
|
(85)
|
(30)
|
(30)
|
(3)
|
(3)
|
| |
Comprehensive
income |
|
209
|
|
312
|
|
460
|
| |
Balance
at end of year |
(208)
|
|
(123)
|
|
(93)
|
|
| Common
stock held in treasury: |
|
|
|
|
|
|
| |
Balance
at beginning of year |
(290)
|
|
(340)
|
|
(323)
|
|
| |
Purchase
of treasury common shares |
(42)
|
|
(22)
|
|
(45)
|
|
| |
Stock options
exercised
|
20
|
|
72
|
|
28
|
|
| |
Balance at end
of year
|
(312)
|
|
(290)
|
|
(340)
|
|
|
Total shareholders'
interest:
|
|
|
|
|
|
|
| |
Balance at end
of year
|
$
4,526
|
|
$
4,649
|
|
$
4,604
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
| |
|
|
1998
|
1997
|
1996
|
| |
Shares
of common stock (in thousands): |
|
|
|
| |
|
Issued
at end of year |
206,073
|
206,073
|
206,073
|
| |
In
treasury: |
|
|
|
| |
|
Balance
at beginning of year |
6,587
|
7,737
|
7,303
|
| |
|
Purchase
of treasury common shares |
925
|
496
|
1,086
|
| |
|
Stock
options exercised |
(448)
|
(1,646)
|
(642)
|
| |
|
Used
in acquisition of capital assets |
--
|
--
|
(10)
|
| |
|
Balance
at end of year |
7,064
|
6,587
|
7,737
|
| |
|
Outstanding
at end of year |
199,009
|
199,486
|
198,336
|
| |
|
|
|
|
|
| |
|
See
notes on pages 57 through 73. |
|
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
|
|