Go to SEC Web site http://www.sec.gov under Solution According to the 10-K there

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According to the 10-K there are the following Balance Sheet Accounts for 2006: 1. Preferred stock, $1 par value; 5,000,000 shares authorized; none issued 2. Common stock, $1 par value; 300,000,000 shares authorized; 86,322,514 shares issued = 386,323 3. Capital in excess of par value = 38,144 4. Retained earnings = 1,256,971 5. Cumulative other comprehensive loss (86,323 ) (282,552 ) 6. Less: common shares in treasury at cost (25,001,503 in 2005 and 24,943,265 in 2006) 1. Preferred shares are similar to debt in that they have a constant dividend payment over their life, but the important difference is that the dividend is NOT tax deductible like bond interest is. In terms of capital structure order (strongest to weakest), it goes Debt > Preferred stock > Common stock. 2. Common stock are commonly issued shares to the public often on exchanges like NYSE and NASDAQ. The amount is here is at par. 3. This is the amount of equity issued from common shares that was gained when the shares were sold ABOVE par, hence the name Capital in excess of par. 4. Retained Earnings are the result of Net Income the firm earns each periods less any dividends they pay out to shareholders. This it the account that measures how much income the firm has generated or lost during its period as a corporation. 5. Cumulative Other Comprehensive Income is an account that measures Gains and Loss on certain transactions that increase the value of the equity of the firm but do not go on the Income Statement down to Net Income. These include Available for Sale Securities gains and losses, currency adjustments, pension adjustments. 6. Common shares in treasury reduce equity as they are shares that the company buys back from the market, and thus costs the company equity to remove those shares. We must deduct that from Equity. Sum all of those and we have the Company's total Equity. Hope this helps!

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