| Years ended December 31 |
| (in millions, except per share data) |
2004 |
2003 |
2002 |
| |
|
|
|
| Financial Data |
|
|
|
| Operating revenues |
$9,772 |
$8,741 |
$8,091 |
| Net income |
759 |
782 |
528 |
| Income from continuing operations |
753 |
811 |
552 |
| Ongoing earnings per common share* |
3.06 |
3.56 |
3.81 |
| Reported GAAP earnings per common share |
3.13 |
3.30 |
2.43 |
| Average common shares outstanding |
242 |
237 |
217 |
| |
|
|
|
| Common Stock Data |
|
|
|
| Return on average common stock equity (percent) |
9.99 |
11.07 |
8.44 |
| Book value per common share |
$31.26 |
$30.94 |
$28.73 |
| Market value per common share (closing) |
$45.24 |
$45.26 |
$43.35 |
 |
| *See page
111 for a reconciliation of ongoing earnings per share
to reported GAAP earnings per share. |
