|
|
|
For Years
Ended |
|
|
|
December
31, |
| Consolidated
statements of income |
|
2009 |
|
2008 |
|
2007 |
| [Millions of dollars, except share
and per-share amounts] |
|
|
|
|
|
|
|
|
|
| |
| Revenue |
|
$ |
10,427 |
|
$ |
12,501 |
|
$ |
13,835 |
| Cost of revenue |
|
|
5,428 |
|
|
6,256 |
|
|
6,466 |
| Gross profit |
|
|
4,999 |
|
|
6,245 |
|
|
7,369 |
| Research and development |
|
|
1,476 |
|
|
1,940 |
|
|
2,140 |
| Selling, general and
administrative |
|
|
1,320 |
|
|
1,614 |
|
|
1,680 |
| Restructuring expense |
|
|
212 |
|
|
254 |
|
|
52 |
| Operating profit |
|
|
1,991 |
|
|
2,437 |
|
|
3,497 |
| Other income (expense) net |
|
|
26 |
|
|
44 |
|
|
195 |
| Income from continuing operations
before income taxes |
|
|
2,017 |
|
|
2,481 |
|
|
3,692 |
| Provision for income taxes |
|
|
547 |
|
|
561 |
|
|
1,051 |
| Income from continuing
operations |
|
|
1,470 |
|
|
1,920 |
|
|
2,641 |
| Income from discontinued operations, net of income taxes |
|
|
— |
|
|
— |
|
|
16 |
| Net
income |
|
$ |
1,470 |
|
$ |
1,920 |
|
$ |
2,657 |
| |
| Basic earnings per common
share: |
|
|
|
|
|
|
|
|
|
| Income from continuing
operations |
|
$ |
1.16 |
|
$ |
1.46 |
|
$ |
1.86 |
| Net income |
|
$ |
1.16 |
|
$ |
1.46 |
|
$ |
1.87 |
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
| Income
from continuing operations |
|
$ |
1.15 |
|
$ |
1.44 |
|
$ |
1.82 |
| Net income |
|
$ |
1.15 |
|
$ |
1.44 |
|
$ |
1.83 |
| Average shares outstanding
(millions): |
|
|
|
|
|
|
|
|
|
| Basic |
|
|
1,260 |
|
|
1,308 |
|
|
1,417 |
| Diluted |
|
|
1,269 |
|
|
1,321 |
|
|
1,444 |
| Cash dividends declared per share of common stock |
|
$ |
0.45 |
|
$ |
0.41 |
|
$ |
0.30 |
| |
