Income Statement

Year Ended December 31

(In millions except per share data) 2008 Differnce

NET OPERATING REVENUES $31,944 100%

Cost of goods sold 11,374 36%
GROSS PROFIT 20,570 64%
Selling, general and administrative expenses 11,774 37%
Other operating charges 350 1%
OPERATING INCOME 8,446 36%
Interest income 333 1%
Interest expense 438 1%
Equity income (loss) — net -874 -3%
Other income (loss) — net -28 0%
INCOME BEFORE INCOME TAXES 7,439 23%
Income taxes 1,632 5%
NET INCOME $5,807 18%
BASIC NET INCOME PER SHARE $2.51
DILUTED NET INCOME PER SHARE $2.49
AVERAGE SHARES OUTSTANDING 2,315
Effect of dilutive securities 21
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,336