2005

2004

2003

2002

2001

EARNINGS

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

$

4,983

$

4,555

$

3,657

$

3,005

$

2,186

Add:

Interest expense

101

88

103

100

143

Interest component of the ESOP benefit expense

10

12

14

16

18

Portion of rent under operating leases representative of the interest component

64

60

53

45

39

Less:

Equity in undistributed income of 20-50% owned companies

4

6

7

10

5

TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES

$

5,154

$

4,709

$

3,820

$

3,156

$

2,381

FIXED CHARGES

Interest on debt

94

78

93

100

150

Interest component of the ESOP benefit expense

10

12

14

16

18

Portion of rent under operating leases representative of the interest component

64

60

53

45

39

TOTAL FIXED CHARGES

$

168

$

150

$

160

$

161

$

207

RATIO OF EARNINGSTO FIXED CHARGES

30.7

31.4

23.9

19.6

11.5