1. Apply to actual companies the knowledge and analytical techniques learned from our course.

NOTE: 2016 BALANCE SHEET INFORMATION SHOULD BE USED ONLY FOR RATIOS 2019 Millions 2018 Millions 2017 Millions 2016 Millions Report Date Scale Assets Cash & cash equivalents Marketable securities Accounts & notes receivable, net Total inventories Prepaid expenses & other current assets Total current assets Long-term receivables, net Investments Property, plant & equipment, net Deferred charges & other assets Goodwill Assets held for sale Total assets 5,686 63 13,325 5,848 3,407 28,329 1,511 38,688 150,494 10.532 4.463 3,411 237,428 10,292 53 15,050 5,704 2.922 34,021 1.942 35,546 169 207 6.766 4,518 1,863 253,863 4,813 9 15,353 5,585 2,800 28,560 2,849 32,497 177,712 7,017 4.531 640 253,806 6,988 13 14.092 5,419 3,107 29,619 2,485 30,250 182, 186 6,838 4,581 4,119 260,078 Liabilities Short-term debt Accounts payable Accrued liabilities Federal & other taxes on income Other taxes payable Total current liabilities Total long-term debt, net of current portion Capital lease obligations Deferred credits & other noncurrent obligations Noncurrent deferred income taxes Noncurrent employee benefit plans Reserves for employee benefit plans Total liabilities 3.282 14,103 6,589 1,554 1,002 26,530 23,691 5,726 13,953 4,927 1,628 937 27,171 28,733 5.192 14,565 5.267 1,600 1,113 27,737 33,477 94 21,106 14,652 10.840 13,986 4.882 1,050 1,027 31,785 35,193 93 21,553 17,516 20,445 13,688 7,866 19,742 15.921 6.654 7,421 104,487 7.216 113,356 92,220 98,221 Stockholders' Equity Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Deferred compensation & benefit plan trust Treasury stock, at cost Noncontrolling interests Total equity 1,832 17,265 174.945 (4,990) (240) (44,599) 995 145,208 1,832 17,112 180.987 (3,544) (240) (41,593) 1,088 155,642 1,832 16,848 174,106 (3,589) (240) (40,833) 1,195 149,319 1,832 16.595 173.046 (3,843) (240) (41,834) 1,166 146,722 2018 Thousands 2017 Thousands 2016 Thousands NOTE: 2016 BALANCE SHEET INFORMATION SHOULD BE USED ONLY FOR RATIOS Report Date 2019 Scale Thousands Assets Cash & cash equivalents 3,089,000 Notes & accounts receivable, less estimated doubtful amounts 26,966,000 Inventory 14,010,000 Supplies 4,518,000 Other current assets 1,469,000 Total current assets 50,052,000 Investments, advances & long-term receivables 43,164,000 Property, plant & equipment, at cost, less accumulated depreciation & depletion 253,018,000 Other assets, including intangibles, net 16.363.000 Total assets 362,597,000 3,042,000 24,701,000 14,803,000 4,155,000 1,272.000 47,973,000 40,790,000 247,101,000 10,332,000 346,196,000 3,177,000 25,597,000 12,871,000 4,121,000 1,368,000 47,134,000 39,160,000 252,630,000 9,767,000 348,691,000 3,657,000 21,394,000 10,877,000 4,203,000 1,285,000 41,416,000 35, 102,000 244,224,000 9,572,000 330,314,000 Liabilities Notes & loans payable Accounts payable & accrued liabilities Income taxes payable Total current liabilities Long-term debt Postretirement benefits reserves Deferred income tax liabilities Long-term obligations to equity companies Other long-term obligations Total liabilities 20,578,000 41,831,000 1,580,000 63,989,000 26,342,000 22,304,000 25,620,000 3,988,000 21,416,000 163,659,000 17,258,000 37,268,000 2,612,000 57,138,000 20,538,000 20,272,000 27,244,000 4,382,000 18,094,000 147,668,000 17,930,000 36,796,000 3,045,000 57,771,000 24,406,000 21, 132,000 26,893,000 4,774,000 19.215.000 154,191,000 13,830,000 31,193,000 2,615,000 47,638,000 28,932,000 20,680,000 34,041,000 5,124,000 20,069,000 156,484,000 Stockholders Equity Common stock Retained Earnings Accumulated other comprehensive income (loss) Common stock held in treasury Noncontrolling interests Total equity 15,637,000 421,341,000 (19,493,000) (225,835,000) 7,288.000 198,938,000 15,258,000 421,653,000 (19,564,000) (225,553,000) 6,734,000 198,528,000 14,656,000 414,540,000 (16,262,000) (225, 246,000) 6,812,000 194,500,000 12,157,000 407,831,000 (22,239,000) (230,424,000) 6,505,000 173,830,000 NOTE: 2016 BALANCE SHEET INFORMATION SHOULD BE USED ONLY FOR RATIOS 2019 Millions 2018 Millions 2017 Millions 2016 Millions Report Date Scale Assets Cash & cash equivalents Marketable securities Accounts & notes receivable, net Total inventories Prepaid expenses & other current assets Total current assets Long-term receivables, net Investments Property, plant & equipment, net Deferred charges & other assets Goodwill Assets held for sale Total assets 5,686 63 13,325 5,848 3,407 28,329 1,511 38,688 150,494 10.532 4.463 3,411 237,428 10,292 53 15,050 5,704 2.922 34,021 1.942 35,546 169 207 6.766 4,518 1,863 253,863 4,813 9 15,353 5,585 2,800 28,560 2,849 32,497 177,712 7,017 4.531 640 253,806 6,988 13 14.092 5,419 3,107 29,619 2,485 30,250 182, 186 6,838 4,581 4,119 260,078 Liabilities Short-term debt Accounts payable Accrued liabilities Federal & other taxes on income Other taxes payable Total current liabilities Total long-term debt, net of current portion Capital lease obligations Deferred credits & other noncurrent obligations Noncurrent deferred income taxes Noncurrent employee benefit plans Reserves for employee benefit plans Total liabilities 3.282 14,103 6,589 1,554 1,002 26,530 23,691 5,726 13,953 4,927 1,628 937 27,171 28,733 5.192 14,565 5.267 1,600 1,113 27,737 33,477 94 21,106 14,652 10.840 13,986 4.882 1,050 1,027 31,785 35,193 93 21,553 17,516 20,445 13,688 7,866 19,742 15.921 6.654 7,421 104,487 7.216 113,356 92,220 98,221 Stockholders' Equity Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Deferred compensation & benefit plan trust Treasury stock, at cost Noncontrolling interests Total equity 1,832 17,265 174.945 (4,990) (240) (44,599) 995 145,208 1,832 17,112 180.987 (3,544) (240) (41,593) 1,088 155,642 1,832 16,848 174,106 (3,589) (240) (40,833) 1,195 149,319 1,832 16.595 173.046 (3,843) (240) (41,834) 1,166 146,722 2018 Thousands 2017 Thousands 2016 Thousands NOTE: 2016 BALANCE SHEET INFORMATION SHOULD BE USED ONLY FOR RATIOS Report Date 2019 Scale Thousands Assets Cash & cash equivalents 3,089,000 Notes & accounts receivable, less estimated doubtful amounts 26,966,000 Inventory 14,010,000 Supplies 4,518,000 Other current assets 1,469,000 Total current assets 50,052,000 Investments, advances & long-term receivables 43,164,000 Property, plant & equipment, at cost, less accumulated depreciation & depletion 253,018,000 Other assets, including intangibles, net 16.363.000 Total assets 362,597,000 3,042,000 24,701,000 14,803,000 4,155,000 1,272.000 47,973,000 40,790,000 247,101,000 10,332,000 346,196,000 3,177,000 25,597,000 12,871,000 4,121,000 1,368,000 47,134,000 39,160,000 252,630,000 9,767,000 348,691,000 3,657,000 21,394,000 10,877,000 4,203,000 1,285,000 41,416,000 35, 102,000 244,224,000 9,572,000 330,314,000 Liabilities Notes & loans payable Accounts payable & accrued liabilities Income taxes payable Total current liabilities Long-term debt Postretirement benefits reserves Deferred income tax liabilities Long-term obligations to equity companies Other long-term obligations Total liabilities 20,578,000 41,831,000 1,580,000 63,989,000 26,342,000 22,304,000 25,620,000 3,988,000 21,416,000 163,659,000 17,258,000 37,268,000 2,612,000 57,138,000 20,538,000 20,272,000 27,244,000 4,382,000 18,094,000 147,668,000 17,930,000 36,796,000 3,045,000 57,771,000 24,406,000 21, 132,000 26,893,000 4,774,000 19.215.000 154,191,000 13,830,000 31,193,000 2,615,000 47,638,000 28,932,000 20,680,000 34,041,000 5,124,000 20,069,000 156,484,000 Stockholders Equity Common stock Retained Earnings Accumulated other comprehensive income (loss) Common stock held in treasury Noncontrolling interests Total equity 15,637,000 421,341,000 (19,493,000) (225,835,000) 7,288.000 198,938,000 15,258,000 421,653,000 (19,564,000) (225,553,000) 6,734,000 198,528,000 14,656,000 414,540,000 (16,262,000) (225, 246,000) 6,812,000 194,500,000 12,157,000 407,831,000 (22,239,000) (230,424,000) 6,505,000 173,830,000