Consolidated Statement of Shareholders’ Investment

(dollars in thousands except per share data)

Year Ended December 31	2006		2005			2004
Common Shares: Beginning of Year Shares: 2006: 1,553,769,958; 2005: 1,575,147,418; 2004: 1,580,247,227	$	3,477,460		$	3,189,465		$	2,977,718
Issued under incentive stock programs Shares: 2006: 14,456,341; 2005: 8,752,085; 2004: 6,811,550		526,435			299,329			208,880
Tax benefit from option shares and vesting of restricted stock awards (no share effect)		42,062			52,363			22,871
Share-based compensation		337,428			28,731			28,725
Issuance of restricted stock awards		(52,392	)		(27,125	)		(25,528	)
Retired — Shares: 2006: 17,635,861; 2005: 30,129,545; 2004: 11,911,359		(40,064	)		(65,303	)		(23,201	)
End of Year Shares: 2006: 1,550,590,438; 2005: 1,553,769,958; 2004: 1,575,147,418	$	4,290,929		$	3,477,460		$	3,189,465
Common Shares Held in Treasury: Beginning of Year Shares: 2006: 14,534,979; 2005: 15,123,800; 2004: 15,729,296	$	(212,255	)	$	(220,854	)	$	(229,696	)
Issued under incentive stock programs Shares: 2006: 1,197,838; 2005: 588,821; 2004: 605,496		17,492			8,599			8,842
Purchased Shares: 2006: 10,131		(474	)		—			—
End of Year Shares: 2006: 13,347,272; 2005: 14,534,979; 2004: 15,123,800	$	(195,237	)	$	(212,255	)	$	(220,854	)
Earnings Employed in the Business: Beginning of Year	$	10,404,568		$	10,033,440		$	9,691,484
Net earnings		1,716,755			3,372,065			3,235,851
Cash dividends declared on common shares (per share — 2006: $1.18; 2005: $1.10; 2004: $1.04)		(1,807,829	)		(1,704,077	)		(1,622,148	)
Spin-off of Hospira, Inc.		—			—			(761,916	)
Cost of common shares retired in excess of stated capital amount		(780,152	)		(1,315,397	)		(527,197	)
Cost of treasury shares issued below market value		35,386			18,537			17,366
End of Year	$	9,568,728		$	10,404,568		$	10,033,440
Accumulated Other Comprehensive Income (Loss): Beginning of Year	$	745,498		$	1,323,732		$	632,752
Other comprehensive (loss) income and spin-off of Hospira, Inc.		898,266			(578,234	)		690,980
End of Year, before adoption of new accounting standard		1,643,764			745,498			1,323,732
Adjustment to recognize net actuarial gain (loss) and prior service cost as a component of accumulated other comprehensive income (loss), net of tax		(1,253,998	)		—			—
End of Year	$	389,766		$	745,498		$	1,323,732
Comprehensive Income	$	2,615,021		$	2,793,831		$	3,906,932
The accompanying notes to consolidated financial statements are an integral part of this statement.

Page Top

Previous

Next