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Common Stock and capital in excess of par value
|
| | | |
| (In Millions) |
Number of shares |
|
Amount |
|
Retained earnings |
|
Total |
|
| Balance at December 25, 1993 |
837 |
|
$ 2,194 |
|
$ 5,306 |
|
$ 7,500 |
|
| Proceeds from sales of shares through |
| |
employee stock plans, tax benefit |
| |
of $61 and other |
12 |
|
215 |
|
- |
|
215 |
| Proceeds from sales of put warrants |
- |
|
76 |
|
- |
|
76 |
| Reclassification of put warrant |
| |
obligation, net |
- |
|
(15) |
|
(106) |
|
(121) |
| Repurchase and retirement of |
| |
Common Stock |
(22) |
|
(164) |
|
(429) |
|
(593) |
| Redemption of Common Stock |
| |
Purchase Rights |
- |
|
- |
|
(2) |
|
(2) |
| Cash dividends declared ($.115 per share) |
- |
|
- |
|
(96) |
|
(96) |
| Net income |
- |
|
- |
|
2,288 |
|
2,288 |
| |
|
|
|
|
|
|
|
|
| Balance at December 31, 1994 |
827 |
|
2,306 |
|
6,961 |
|
9,267 |
|
| Proceeds from sales of shares through |
| |
employee stock plans, tax benefit |
| |
of $116 and other |
13 |
|
310 |
|
- |
|
310 |
| Proceeds from sales of put warrants |
- |
|
85 |
|
- |
|
85 |
| Reclassification of put warrant |
| |
obligation, net |
- |
|
61 |
|
(42) |
|
19 |
| Repurchase and retirement of |
| |
Common Stock |
(19) |
|
(179) |
|
(855) |
|
(1,034) |
| Cash dividends declared ($.15 per share) |
- |
|
- |
|
(124) |
|
(124) |
| Unrealized gain on available-for-sale |
| |
investments, net |
- |
|
- |
|
51 |
|
51 |
| Net income |
- |
|
- |
|
3,566 |
|
3,566 |
| |
|
|
|
|
|
|
|
|
| Balance at December 30, 1995 |
821 |
|
2,583 |
|
9,557 |
|
12,140 |
|
| Proceeds from sales of shares through |
| |
employee stock plans, tax benefit |
| |
of $196 and other |
17 |
|
457 |
|
- |
|
457 |
| Proceeds from sales of put warrants |
- |
|
56 |
|
- |
|
56 |
| Reclassification of put warrant |
| |
obligation, net |
- |
|
70 |
|
272 |
|
342 |
| Repurchase and retirement of |
| |
Common Stock |
(17) |
|
(269) |
|
(925) |
|
(1,194) |
| Cash dividends declared ($.19 per share) |
- |
|
- |
|
(156) |
|
(156) |
| Unrealized gain on available-for-sale |
| |
investments, net |
- |
|
- |
|
70 |
|
70 |
| Net income |
- |
|
- |
|
5,157 |
|
5,157 |
| |
|
|
|
|
|
|
|
|
| Balance at December 28, 1996 |
821 |
|
$ 2,897 |
|
$ 13,975 |
|
$ 16,872 |
| |
|
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| See accompanying notes. |
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