2008 2007 2006
Shares in thousands; amounts in millions of dollars Shares Amount Shares Amount Shares Amount
See accompanying Notes to the Consolidated Financial Statements.
Preferred Stock - $- - $- - $-
Common Stock
Balance at January 1 2,442,677 $1,832 2,442,677 $1,832 2,442,677 $1,832
Balance at December 31 2,442,677 $1,832 2,442,677 $1,832 2,442,677 $1,832
Capital in Excess of Par        
Balance at January 1   $14,289   $14,126   $13,894
Treasury stock transactions   159   163   232
Balance at December 31   $14,448   $14,289   $14,126
Retained Earnings        
Balance at January 1   $82,329   $68,464   $55,738
Net income   23,931   18,688   17,138
Cash dividends on common stock   (5,162)   (4,791)   (4,396)
Adoption of EITF 04-6, "Accounting for Stripping Costs Incurred during
Production in the Mining Industry"		   -   -   (19)
Adoption of FIN 48, "Accounting for Uncertainty in Income Taxes"   -   (35)   -
Tax benefit from dividends paid on unallocated ESOP shares and other   4   3   3
Balance at December 31   $101,102   $82,329   $68,464
Notes Receivable – Key Employees   $-   $(1)   $(2)
Accumulated Other Comprehensive Loss
Currency translation adjustment
Balance at January 1   $(59)   $(90)   $(145)
Change during year   (112)   31   55
Balance at December 31   $(171)   $(59)   $(90)
Pension and other postretirement benefit plans    
Balance at January 1   $(2,008)   $(2,585)   $(344)
Change to defined benefit plans during year   (1,901)   685   (38)
Adoption of FAS 158, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans"   -   (108)   (2,203)
Balance at December 31   $(3,909)   $(2,008)   $(2,585)
Unrealized net holding gain on securities    
Balance at January 1   $19   $-   $88
Change during year   (6)   19   (88)
Balance at December 31   $13   $19   $-
Net derivatives gain (loss) on hedge transactions    
Balance at January 1   $33   $39   $(28)
Change during year   110   (6)   67
Balance at December 31   $143   $33   $39
Balance at December 31   $(3,924)   $(2,015)   $(2,636)
Deferred Compensation and Benefit Plan Trust        
Deferred Compensation        
Balance at January 1   $(214)   $(214)   $(246)
Net reduction of ESOP debt and other   20   -   32
Balance at December 31   (194)   (214)   (214)
Benefit Plan Trust (Common Stock) 14,168 (240) 14,168 (240) 14,168 (240)
Balance at December 31 14,168 $(434) 14,168 $(454) 14,168 $(454)
Treasury Stock at Cost    
Balance at January 1 352,243 $(18,892) 278,118 $(12,395) 209,990 $(7,870)
Purchases 95,631 (8,011) 85,429 (7,036) 80,369 (5,033)
Issuances – mainly employee benefit plans (9,429) 527 (11,304) 539 (12,241) 508
Balance at December 31 438,445 $(26,376) 352,243 $(18,892) 278,118 $(12,395)
Total Stockholders' Equity at December 31   $86,648   $77,088 $68,935