 |
| December 31 |
|
1995 |
|
1994 |
 |
| Assets |
|
|
|
|
| Current assets |
|
|
|
|
| Cash and cash equivalents |
|
$725 |
|
$741 |
| Short-term investments |
|
350 |
|
318 |
| Accounts receivable, less allowance for doubtful accounts |
|
|
|
|
 (1995, $123; 1994, $118) |
|
4,081 |
|
3,421 |
| Inventories |
|
3,528 |
|
2,670 |
| Future income tax benefits |
|
1,222 |
|
928 |
| Other current assets |
|
604 |
|
847 |
|
 Total current assets |
|
10,510 |
|
8,925 |
|
| Property, plant and equipment, less accumulated depreciation |
|
|
|
|
| (1995, $8,110; 1994, $6,657) |
|
9,356 |
|
7,073 |
| Other assets |
|
2,935 |
|
1,538 |
|
| Total assets |
|
$22,801 |
|
$17,536 |
|
| Liabilities and Stockholders' Equity |
|
|
|
|
| Current liabilities |
|
|
|
|
| Notes payable and current portion of long-term debt |
|
$1,605 |
|
$916 |
| Accounts payable |
|
2,018 |
|
1,678 |
| Accrued liabilities |
|
4,170 |
|
3,323 |
|
| Total current liabilities |
|
7,793 |
|
5,917 |
|
| Long-term debt |
|
1,949 |
|
1,127 |
| Deferred income taxes |
|
968 |
|
509 |
| Other liabilities |
|
1,043 |
|
887 |
|
| Stockholders' equity |
|
|
|
|
| Common stock, $3 par value |
|
|
|
|
| Authorized shares: 1995 and 1994, 1,400 |
|
|
|
|
| Issued and outstanding shares: 1995, 591.4; 1994, 588.0 |
|
1,774 |
|
1,764 |
| Preferred stock, $100 par value issuable in series |
|
|
|
|
| Authorized shares: 0.5 (none issued) |
|
- |
|
- |
| Additional paid-in capital |
|
1,813 |
|
1,415 |
| Retained earnings |
|
7,461 |
|
5,917 |
|
| Total stockholders' equity |
|
11,048 |
|
9,096 |
|
| Total liabilities and stockholders' equity |
|
$22,801 |
|
$17,536 |
|
|
| See accompanying condensed notes to consolidated financial statements. |
|
|
|
|
