Selected Financial Data
(dollars in millions, except per share amounts)
- Net earnings less preferred stock dividends.
- Consists of Payables under repurchase agreements and securities loaned transactions, Commercial paper and other short-term borrowings, and Demand and time deposits.
- All share and per share data have been restated for the two-for-one common stock split paid in August 2000 (see Note 8 to the Consolidated Financial Statements).
- Does not include 4,654, 8,019, 9,012, 9,436, and 8,268 shares exchangeable into common stock (see Note 8 to the Consolidated Financial Statements) at year-end 2000, 1999, 1998, 1997, and 1996, respectively. Also does not include 6,155 unallocated reversion shares held in the Employee Stock Ownership Plan at year-end 1996 which are not considered outstanding for accounting purposes.
- Does not include shares either (i) owned by employees and used to pay for the exercise of stock options or (ii) stock withheld from employee stock option exercises to pay associated taxes.
- Earnings before income taxes and dividends on preferred securities issued by subsidiaries to Net revenues.
- Net earnings to Net revenues.
- Average Total assets to average Total stockholders’ equity and Preferred securities issued by subsidiaries.
- Average Total assets less average (i) Receivables under resale agreements and securities borrowed transactions, and (ii) Marketable investment securities, to average Total stockholders’ equity and Preferred securities issued by subsidiaries.
