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Summary฀Annual฀Report
Summary฀of฀Earnings฀and฀Financial฀Condition
For฀the฀Years฀Ended฀December฀31,
in฀millions,฀except฀for฀per฀share฀data฀ 2009฀ 2008฀฀ 2007฀ 2006฀฀ 2005฀
Statement฀of฀Operations฀data:฀
Operating฀revenues฀ $฀ 17,318฀ $฀ 18,859฀ $฀ 18,916฀ $฀ 15,655฀ $฀ 15,357
Operating฀income฀ ฀ 4,750฀฀5,299฀฀4,668฀฀ 3,521฀฀2,724
Income฀from฀continuing฀operations฀฀ $฀ 2,706฀ $฀ 2,717฀ $฀ 2,726฀ $฀ 1,590฀ $฀ 951
Income฀from฀discontinued฀operations฀ ฀ 1฀฀ 20฀฀ 10฀฀ 2฀฀ 14
Income฀before฀cumulative฀effect฀of฀changes฀in฀accounting฀principles฀ ฀ 2,707฀฀2,737฀฀2,736฀฀1,592฀฀ 965
Cumulative฀effect฀of฀changes฀in฀accounting฀principles
฀฀ (net฀of฀income฀taxes)฀ ฀ –฀฀ –฀฀ –฀฀ –฀฀ (42)
Net฀income฀(a)฀ $฀ 2,707฀ $฀ 2,737฀ $฀ 2,736฀ $฀ 1,592฀ $฀ 923
Earnings฀per฀average฀common฀share฀(diluted):฀ ฀฀ ฀฀ ฀฀ ฀฀ ฀
Income฀from฀continuing฀operations฀฀ $฀ 4.09฀ $฀ 4.10฀ $฀ 4.03฀ $฀ 2.35฀ $฀ 1.40
Income฀from฀discontinued฀operations฀ ฀ –฀฀ 0.03฀฀ 0.02฀฀ –฀฀ 0.02
Cumulative฀effect฀of฀changes฀in฀accounting฀principles
฀ (net฀of฀income฀taxes)฀ ฀ –฀฀ –฀฀ –฀฀ –฀฀(0.06)
Net฀income฀ $฀ 4.09฀ $฀ 4.13฀ $฀ 4.05฀ $฀ 2.35฀ $฀ 1.36
Dividends฀per฀common฀share฀ $฀ 2.10฀ $฀ 2.03฀ $฀ 1.76฀ $฀ 1.60฀ $฀ 1.60
Average฀shares฀of฀common฀stock฀outstanding฀–฀diluted฀ ฀ 662฀฀ 662฀฀ 676฀฀ 676฀฀ 676
(a)฀฀The฀changes฀between฀2007฀and฀2006,฀and฀2006฀and฀2005,฀were฀primarily฀due฀to฀the฀impact฀of฀the฀goodwill฀impairment฀charges฀of฀$776฀million฀and฀$1.2฀billion฀in฀2006฀and฀2005,฀respectively.฀
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