Income Statement

Year Ended December 31 Base Year

(In millions except per share data) 2008 Differs 2007 100%

NET OPERATING REVENUES $31,944 111% $28,857 100%

Cost of goods sold 11,374 109% 10,406 100%
GROSS PROFIT 20,570 111% 18,451 100%
Selling, general and administrative expenses 11,774 108% 10,945 100%
Other operating charges 350 138% 254 100%
OPERATING INCOME 8,446 116% 7,252 100%
Interest income 333 141% 236 100%
Interest expense 438 96% 456 100%
Equity income (loss) — net -874 -130% 668 100%
Other income (loss) — net -28 -16% 173 100%
INCOME BEFORE INCOME TAXES 7,439 94% 7,873 100%
Income taxes 1,632 86% 1,892 100%
NET INCOME $5,807 97% $5,981 100%
BASIC NET INCOME PER SHARE $2.51 96% $2.59 100%
DILUTED NET INCOME PER SHARE $2.49 97% $2.57 100%
AVERAGE SHARES OUTSTANDING 2,315 100% 2,313 100%
Effect of dilutive securities 21 117% 18 100%
AVERAGE SHARES OUTSTANDING ASSUMING DILUTION 2,336 100% 2,331 100%