EARNINGS

Nine months Ended September 30, 2004

Year 2003

Year 2002

Year 2001

Year 2000

Year 1999

Income from continuing operations before income taxes minority interest, and cumulative effect of accounting change*

$

3,466

$

3,657

$

3,005

$

2,186

$

2,974

$

2,880

Add:

Interest expense

67

112

100

143

127

125

Interest component of the ESOP benefit expense

9

14

16

18

19

21

Portion of rent under operating leases representative of the interest component

38

46

40

39

39

37

Less:

Equity in undistributed income of 20-50% owned companies

4

7

10

5

10

4

TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES

$

3,576

$

3,822

$

3,151

$

2,381

$

3,149

$

3,059

FIXED CHARGES

Interest on debt

58

93

100

150

141

135

Interest component of the ESOP benefit expense

9

14

16

18

19

21

Portion of rent under operating leases representative of the interest component

38

46

40

39

39

37

TOTAL FIXED CHARGES

$

105

$

153

$

156

$

207

$

199

$

193

RATIO OF EARNINGS TO FIXED CHARGES

34.1

25.0

20.2

11.5

15.8

15.8